• Ukraine's natural gas production increases by 2 percent

    Natural gas production in Ukraine during the period of January-July 2016, according to latest information, has increased by almost 2% (223.3 million cubic meters) compared to the same period of 2015 when this volume reached 11 .7 billion cubic meters.

    According to PJSC (Public Joint Stock Company) Ukrtransgaz, those figures include July-2016 gas production that amounted to 1.69 billion, which is 3.7% more than July of last year (1.63 billion cubic meters).

    In July this year gas production of …

  • Ukrainian Finance Minister: We are not in urgent need of funds from the IMF

    Ukraine does not have an urgent need for the International Monetary Fund’s (IMF) money. This was said by the Ukrainian Minister of Finance, Olexandr Danylyukin on Persha Shpalta TV program of Ukrainian 1TV channel.

    “The issue at the moment is not the money that we may need from the IMF. We don't have a need for it now as our reserves, which include our gold and foreign currency, are stable. However, we may have a need for these funds in a few months’ time. We are working with the IMF not only …

  • Lutsenko: Yefremov's arrest shows that Ukraine is recovering

    Prosecutor General Yuriy Lutsenko says that the decision of the Pechersky district court of Kyiv to keep Oleksandr Yefremov in custody demonstrates Ukraine’s recovery. “The decision of the court shows the recovery of Ukraine. Thank you all for supporting the legal decision,” Lutsenko wrote on his Facebook page on Monday.

    Yefremov, the former Chairman of the Party of Regions faction in the Verkhovna Rada of Ukraine, was arrested and detained on July 30th on suspicion of infringement on the …

  • Food prices in Russia have risen 31.6 percent since August 2014

    Since August of 2014, when Moscow first imposed a food embargo on countries that had imposed economic sanctions on Russia, food prices have risen by 31.6%, according to the Ministry of Economic Development, RBC reported.

    “The introduction of food countersanctions to restrict imports in August 2014 was an important factor in the growth of food prices in late 2014 and early 2015, which resulted in imbalance and a reduction in competition. For two years, food prices rose by 31.6%,” a …

  • Poroshenko has phone conversation with Theresa May, invites her to visit Ukraine

    The Prime Minister of the United Kingdom, Theresa May, stated during a phone conversation with the President of Ukraine, Petro Poroshenko, that the UK’s position regarding sanctions against the Russian Federation remains unchanged. The sanctions will be extended until the Minsk agreements are fully implemented, the press-service of the President reports.

    The Head of the British Government also expressed its strong commitment to a non-recognition policy for Russia’s annexation of Crimea.

    They …

  • Ukrainian exports to the EU are increasing

    Overall, exports have fallen by 11% over the first five months in 2016, but exports to EU countries have increased by 4.5%.

    In the first five months of 2016, the export of goods from Ukraine fell by 11.5% in comparison to the same period in 2015, and made $13.7 billion, the Ministry of Economy reports.

    “The results of the first five months of 2016, as compared with the same period in 2015, show that the export of goods fell by 11.5% and made $13.7 billion. A significant slowdown in the …

  • Despite visit by French MPs, French Foreign Ministry reaffirms stance that Crimea is Ukrainian territory

    A comment about the non-recognition of the Crimea’s annexation was published on the website of the French Ministry of Foreign Affairs on August 1st as a response to last week’s visit by French deputies to the peninsula.

    "Redrawing the borders is contrary to international law. Therefore, the international community, the EU and France do not recognize the illegal annexation of the Crimea. This clear position can in no way be called into question neither by travels, nor by the statements which …

  • Ministries of 19 countries issue appeal to World Anti-Doping Agency to ban Russia from the Olympics

    The Ministers of Culture and Sport of 19 European countries have issued a statement in support of the fight against doping. They have also demanded that Russia be suspended from all international competitions, including the upcoming Olympic Games in Rio.

    According to Western media, this collective statement was addressed to the World Anti-Doping Agency (WADA).

    The statement was initiated by the Minister of Culture and Sport of Denmark, Bertel Haarder. He received support from officials of …

  • 143 shipping containers were not allowed to cross the border from Ukraine to Russia

    143 railway shipping containers filled with Ukrainian goods, which were headed to Kazakhstan and Kyrgyzstan, were detained at the Russian border, the press service of the Ukrainian Ministry of Economic Development and Trade of Ukraine.

    It was reported that as of the morning of August 1, 2016, 143 railway cars, which were going to Kazakhstan and Kyrgyzstan, were detained at the Ukraine-Russia border. "106 of these cars were sent to an alternate route, 33 cars were redirected to a receiving …

  • Savchenko: Due to corruption in the Ukrainian Army, soldiers are poorly equipped

    Ukrainian MP and former Russian prisoner Nadiya Savchenko has stated that Ukrainian soldiers fighting in the Donbas are inadequately equipped, Interfax-Ukraine reported.

    According to her, Ukrainian soldiers are given low-quality clothing and shoes, as well as weapons that are technologically obsolete.

    “I always ride with the military units on the frontline, and at trainings, and I see the stuff that is provided by our Army. And as a member of the Committee on National Security and Defense, I …