• Raiffeisen Bank Aval sues the National Bank Of Ukraine

    The Kyiv District Administrative Court opened proceedings on the lawsuit filed by Raiffeisen Bank Aval against the National Bank of Ukraine (NBU) demanding cancellation of the 4.9 million UAH ($190,810.00) fine imposed on them, as stated in Decree No. 826/9684/17 dated August 4th, FinClub reports.

    “Bank Aval PJSC appealed to the Kyiv District Administrative Court with an administrative claim against the National Bank of Ukraine requesting to recognize as unlawful and cancel the decision dated …

  • Ukraine withdraws from the agreement with Russia on joint export of military products

    The Cabinet of Ministers of Ukraine on Wednesday adopted a resolution on the termination of the intergovernmental agreement with Russia to cooperate in the export of military products to third countries.

    This document was adopted on March 24, 2004. Its purpose was to establish cooperation between the parties in the export of military products to third-world nations.

    The agreement was applicable to the military products that have been jointly developed, produced or modernized after January 1, 1 …

  • Latvia detects Russian warships and fighter jets near its borders

    Several aircraft and ships of the Russian Armed Forces were seen near the borders of Latvia yesterday, August 9, the National Armed Forces of Latvia reported on Twitter.

    NATO patrol aircraft discovered two Russian Su-27 fighter jets over the neutral waters of the Baltic Sea near the territorial waters of Latvia. An An-26 military transport aircraft was also detected.

    On August 9, a Russian Buyan-M-class corvette was seen in the exclusive economic zone of Latvia at a distance of 4.5 nautical …

  • 7 officials detained in Ukraine over embezzlement of funds for construction of wall on Russian border

    In Ukraine, seven people are suspected of embezzling 16.69 million hryvnia ($642,000) allocated for the European Wall Project on the country’s eastern border. The announcement was made to media on Wednesday by Nazar Kholodnytsky, the head of the Specialized Anti-Corruption Prosecutor's Office (SAP), 112.ua reports.

    "Seven people consisting of Ukrainian State Border Guard Service officials and contractor’s representatives are being detained after searches related to the investigation of the …

  • Ukrainian MP: Russia is preparing to attack Ukraine in Odessa region

    A member of the Verkhovna Rada Committee on National Security and Defense, Irina Friz, sent an appeal to the Secretary of the National Security and Defense Council, Oleksandr Turchinov, with proposals to minimize threats of Russian subversive activities against Ukraine from the self-declared Pridnestrovian Moldovian Republic (PMR), as she indicated on her Facebook page.

    "We must pay attention to the appearance of materials that refer to plans for an offensive operation in the southern part of …

  • Ukrainian President promised to submit to the Parliament a draft law on Crimean Tatar autonomy

    On August 8th, President Petro Poroshenko held a meeting with the leader of Crimean Tatars Mustafa Dzhemilev and Refat Chubarov, the Chairman of the Mejlis of the Crimean Tatar People, according to the website of the Mejlis.

    “When discussing a number of issues regarding amendments to the Constitution of Ukraine, the President of Ukraine announced that he expects the Constitutional Commission to draft amendments and supplements to Section X of the Constitution of Ukraine on Autonomous Republic …

  • Polish commission: Left wing of crashed President Kaczynski's plane shows traces of explosion

    A Polish commission, which is engaged in a second investigation of the Smolensk disaster, said that there are traces of an explosion on the left wing of the aircraft.

    This was stated by the press secretary of the commission, Marta Palenek, as reported by Polish news agency RMF24.

    “At the last plenary meeting of the commission on July 25, an agreement was reached on the main reasons for the destruction of the left wing of the Tu-154M,” she said.

    According to the commission, “the destruction …

  • Gazprom claims that increase in Nord Stream’s transit did not reduce gas transit through Ukraine

    Gazprom is experiencing good dynamics in its gas exports to Europe through Nord Stream  and OPAL pipelines; at the same time, transit through Ukraine has even increased, TASS reported quoting  Chairman of the Board of Gazprom, Alexey Miller.

    "Between August 1 and August 8, production through the OPAL gas pipeline by Gazprom increased by 30%. Today, the pipeline has reached full capacity. The volume of daily gas supply to Greifswald reached 140 million cubic meters on August 8. That is, the use …

  • DPR head Zakharchenko says there will be no 'Malorossiya'

    The so-called “leader” of the Donetsk People’s Republic (DPR) Alexander Zakharchenko stated that the public did not like the name “Malorossiya” (“Little Russia”), but the very idea of “re-establishment” of the country aroused great interest.

    “The very idea of re-establishment of the state, which is plunged into a deep economic and political crisis and not attempting to carry out radical reforms to federalize the country and find ways out of the collapse, received broad support,” said …

  • Electricity shortage in Crimea causes power outages in Russia

    Temporary power outages are being introduced in the Krasnodar Krai region (Russia) due to hot weather. It is also related to the difficult situation regarding energy supply of the Crimea, the administration of the Krasnodar Krai said.

    Thus, electricity outages will be conducted in the evening – from 20:00 to 23:00 for consumers in Novorossiysk, Anapa, and Gelendzhik, as well as in the Crimean Abinsk, Slavyan, Krasnoarmeisk, Temryuk districts of the Krasnodar Territory. Power outages, as has …