• Danyliuk dismissed from the post of Minister of Finance of Ukraine

    The Verkhovna Rada dismissed Finance Minister Oleksandr Danyliuk, with 254 deputies voting in favor of this decision. Before his resignation, however, Danyliuk spoke out with sharp criticism of the government.

    "I’ve been incriminated with airing dirty laundry in public. It's so uncharacteristic of us that we do not have a Ukrainian analogue for this expression. When you gave me the powers of the Minister of Finance, I was going to build an efficient, modern financial system for the country. I …

  • Netanyahu: Israel prepared to attack Syrian army

    Israel is prepared to attack not only Iranian forces in Syria, but also the Syrian army itself, stated Prime Minister of Israel Benjamin Netanyahu in London on Thursday.

    “I think [Syrian President Bashar] Assad should take the following seriously. Now that the war with ISIS is over, and he [Assad] has called on Iran and allows it to attack Israel from the territory of Syria, his regime is no longer safe,” news agency France-Presse quoted Netanyahu as saying.

    “His regime is not immune. If he …

  • Ukrainian Parliament passes law on anti-corruption court

    Ukraine’s Verkhovna Rada has passed a bill “On the Supreme Anti-Corruption Court”. 315 MPs voted in favor of law No. 7440.

    The day before, the Ukrainian government managed to reach an agreement with the creditors concerning an amendment to the powers of the Public Council of International Experts in the selection of judge candidates for the anti-corruption court.

    The council will consist of six people, and not seven as had been planned previously. A minimum of three votes will be needed to …

  • France rules out quick removal of EU sanctions against Russia

    French Minister of Foreign Affairs, Jean-Yves Le Drian, stated that Paris is against a rapid review of EU sanctions imposed against Russia for its aggression towards Ukraine, Radio Free Europe Radio Liberty reports.

    “When there is progress [towards settling the conflict in Ukraine], then we will be able to raise the issue of sanctions, and that is what we will tell Italy,” he stated.

    Earlier, Italian Prime Minister Giuseppe Conte stated that his government will advocate a review of the …

  • Hundreds of Russian banks are at risk of collapse

    Based on the results of Russia’s Central Bank stress tests, problems were identified in 117 banks. There exists a risk of a gap appearing in their capital if oil prices go down sharply. Moreover, the bankruptcy of several organizations can lead to a domino effect that will affect another 107 banks, RBC reported with reference to the report of the Russian banking regulator.

    According to the Central Bank of Russia, these 117 banks account for about 30.6 percent of all banking assets. The Central …

  • Ukrainian Security Service detains DPR militant in the Donetsk region

    The Security Service of Ukraine (SBU) reported through its press center that SBU officers involved in the Joint Forces Operation detained a militant in the Donetsk region who belongs to the Donetsk People’s Republic (DPR) .

    Law enforcement officers discovered that in 2014, a resident of Mariupol joined illegal armed groups, where he served as a spy. As a member of the separatists’ “mortar squad,” the perpetrator participated in the shelling of Marinka and Krasnohorivka, and counteracted anti- …

  • National Bank of Ukraine denies threat of default

    The Deputy Head of the National Bank of Ukraine (NBU), Dmytro Sologub, has denied that the country is in threat of default in the event of termination of cooperation with the IMF, RBC-Ukraine reports.

    According to Sologub, the country's reserves are enough to pay off debt obligations, and rumors of default and restructuring of the national debt are no more than speculation.

    "If you look at the reserves of the National Bank and compare them with the forthcoming payments, purely mathematically …

  • NATO plans to fast-track military readiness

    High readiness is an essential task for NATO in a modern, more unpredictable world, stated NATO Secretary General Jens Stoltenberg at a press conference in Brussels on Wednesday, June 6 while commenting on a NATO Defense Ministers meeting scheduled for June 7 to 8. 

    Speaking about boosting combat readiness, Stoltenberg expressed the hope that the participants could agree on a new concept called "the Four Thirties." It stipulates that by 2020, 30 mechanized battalions, 30 air squadrons, and 30 …

  • Sweden’s Home Guard conducting largest exercises since 1975

    Sweden is conducting its largest nationwide military exercises since 1975, in which 40 battalions and 22,000 reservists are taking part, The Local news outlet reported.

    "The idea of these exercises is that we are now strengthening our military defense and increasing our operational capabilities," Swedish Supreme Commander Micael Bydén said.

    According to the Ministry of Defense of Sweden, all 40 battalions of the Home Guard were mobilized for training, which means that the Swedes will see how …

  • US Ambassador: Ukraine to lose billions of dollars if Rada does not adopt Anti-Corruption Court law

    US Ambassador to Ukraine Marie Yovanovitch stated that Ukraine will be refused billions of dollars in international aid if the Verkhovna Rada fails to pass the law "On the High Anti-Corruption Court", which was agreed upon with the International Monetary Fund (IMF).

    "Failure to pass an IMF-compliant bill would erode Ukraine’s ability to fight corruption, prevent Ukraine from receiving billions of dollars in assistance, and destabilize the economy. Getting this right is essential for building a …