• Ukraine and IMF agree on new $3.9 billion support program

    The Ukrainian authorities and the International Monetary Fund (IMF) have reached an agreement on a new 14-month support economic policy under the Stand-by arrangement (SBA), which will replace the Extended Fund Facility (EFF) program, which began in March 2015 and was supposed to end in March 2019.

    “The new SBA, with a requested access of SDR 2.8 billion (equivalent to US$3.9 billion), will provide an anchor for the authorities’ economic policies during 2019,”  said the IMF.

    The agreement is …

  • Head of Swiss intelligence: Russia has increased spy activities in the country

    Head of the Swiss intelligence Jean-Philippe Gaudin stated that there a lot of Russian spies in the country who have recently become more active, Deutsche Welle reported.

    Gaudin did not mention the exact number of spies but he explained that Russian agents in Switzerland are now become more active than before.

    He said that the Swiss Prosecutor’s Office is investigating a criminal case against two Russians, allegedly employees of the GRU (Main Russian Intelligence Directorate), Yevgeny …

  • Erdogan invites France, Germany and Russia to hold talks on Syria

    The German Chancellor Angela Merkel and French President Emmanuel Macron will hold talks with Russian leader Vladimir Putin and Turkish President Recep Tayyip Erdogan. The meeting will be held on October 27th in Istanbul. Its central theme will be the situation in Syria, reports the Deutsche Welle.

    The parties will meet, by invitation from Erdogan, said his spokesman on Friday, October 19th. This will be the first meeting with these participants. Until now, Turkey has sought to discuss the …

  • Volker: Russia will not go on the offensive in the Donbas

    During his speech at the Atlantic Council center in Washington, the US Special Representative for Ukraine, Kurt Volker asserted that Russia would not go on the offensive in the East of Ukraine .

    The American official explained that one of the reasons that it would not be profitable for Russia to aggravate the situation is a high probability that a new spiral of tension in the east of Ukraine could foster the growth of support for Ukrainian President Petro Poroshenko.

    "[An offensive] would …

  • Korean ambassador suggests creating a free economic zone in the Odessa region

    Korea has formulated a cooperation strategy with Ukraine which will allow increasing Ukraine's GDP to 10% over the next 10 years, said Korean ambassador Lee Yang-Goo at the tenth National Expert Forum in Odessa organized by the Gorshenin Institute.

    "We have developed a master plan for cooperation between Ukraine and Korea. In accordance with this plan, Ukraine can increase its GDP growth rate to 10% in the next 10 years. International organizations proposed various scenarios for this. This …

  • Suspected Russian spy released in Norway

    An employee of the Central Office of the Russian Federation Council, Mikhail Bochkaryov, who was recently detained in Norway on suspicion of espionage, has now been released, according to the head of the Committee of the Upper House on International Affairs, Konstantin Kosachev.

    “Yes, the Norwegian delegation in the Inter-Parliamentary Union informed us about it.  We have repeatedly discussed this problem with them,” Kosachev stated.

    On September 23, it was reported about a Russian citizen …

  • Putin believes Trump is determined to stabilize relations between USA and Russia

    On Thursday, speaking at the traditional Valdai Forum in Sochi, Russian President Vladimir Putin said that US President Donald Trump is ready to listen to him and is determined to improve the relations between the two countries.

     “In my opinion, the current president [of the US] is determined to stabilize and level the relations between Russia and the US,” Putin said and added that “we will see how the situation will further develop”.

    Putin denied the accusations of Western countries …

  • Poland acquires shares of Norwegian continental shelf gas field

    The Polish Radio announced that the Norwegian subsidiary (Upstream Norway AS) of the Polish oil and gas company (PGNiG) acquired Equinor Energy AS concession shares on the Norwegian continental shelf for $ 220 million.

    PGNiG reported that the signed contract states the acquisition of a 30% stake in the PL044 concession at Equinor Energy AS, which is the equivalent of buying a 42.38% stake in the development of the Tommeliten Alpha field, operated by ConocoPhillips Norway AS.

    Tommeliten Alpha …

  • Sanctions devastate major Russian hi-tech project

    One of the largest hi-tech development projects in Russia, initiated by the government and the Security Council, has come to ruin due to sanctions.

    The Angstrem-T microchip plant, which belongs to former Communications Minister Leonid Reiman and has received $1 billion in state financing, is close to bankruptcy.

    The company, which received an €815 million credit line from Vnesheconombank (VEB) in 2008 to build a factory in Zelenograd, has not yet even begun repaying the loan. Reuters reports …

  • Russia accuses Ukraine of escalating the situation in the Donbas

    On October 18, the State Duma of the Russian Federation adopted a statement on the aggravated situation in Ukraine.

     In this small document in several paragraphs, Ukraine is accused of killing the leader of the so called Donetsk People's Republic (DPR), Alexander Zakharchenko, tearing apart Orthodoxy, ignoring the "will of the fraternal Russian and Ukrainian peoples” in connection with the decision to terminate the Friendship Treaty and, in general, anti-Russian politics.

    “The State Duma is …