• Ukraine sends another ship to the Sea of Azov

    The BG-32 Donbas, a Mariupol maritime guard patrol boat returned to service in the Azov Sea after undergoing planned repairs and modernization of separate systems, the press service of the Ukrainian State Border Service reports.

    The 36-year-old vessel got its engines, fuel and ballast tanks and some operational systems modernized at the Azov shipyard. Her hull also received a new paint job.

    On September 6th, at a meeting of the National Security and Defense Council (NSDC), a decision was made  …

  • Ukraine confiscates Crimean fishing vessel Nord

    The Prosecutor's office of the Autonomous Republic of Crimea, in accordance with a court decision, handed over the vessel Nord to the National Agency of Ukraine for finding, tracing and management of assets derived from corruption and other crimes (ARMA). According to the prosecutor's office press service, the decision was made in order to preserve budget funds spent on the detained vessel’s maintenance in the Berdyansk port area.

    The Prosecutor’s office noted that on October 4, the Kyiv Court …

  • OSCE: military actions in the Donbas could be halted in as little as one hour

    The First Deputy Chief Monitor of the OSCE Special Monitoring Mission to Ukraine, Alexander Hug stated in an interview with Voice of America that military actions in the Donbas can be stopped within one hour but that it would take much more time to fully complete the conflict.

    According to him, after military actions are stopped, other issues of the conflict, including demining of territories or restoration of the economy in Donbas, will have to be solved. Hug noted that the ceasefire has been …

  • 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 …

  • 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 …