• Italy and Slovakia are interested in using Ukraine's gas transportation system

    On Monday, NJSC Naftogaz of Ukraine, PJSC Ukrtransgaz, Snam S.p.A. (Italy), and Eustream a.s. (Slovakia) signed a memorandum of understanding on the joint assessment of cooperative opportunities for using and developing Ukraine's gas transportation system (GTS).

    The memorandum was signed in Rome in the presence of the Minister of Energy and Coal Industry of Ukraine, Ihor Nasalyk, EU Commissioner for Climate Action and Energy, Miguel Arias Canete, and Italian Minister of Economic Development, …

  • Poroshenko wants to confiscate coal imported to Ukraine from the separatist Republics

    President Petro Poroshenko will submit a request the National Security and Defense Council of Ukraine to confiscate coal mined in the territories of LPR (Luhansk People’s Republic) and DPR (Donetsk People’s  Republic), which would be sold in Ukraine under the guise of Russian origin.

    This was stated by Irina Lutsenko, the President’s spokeswoman in the Verkhovna Rada, reports UNIAN.

    "The president has said that the next issue he will be weighing at the National Security and Defense Council is …

  • European Bank for Reconstruction and Development: Ukraine's Naftogaz failed to reform

    The European Bank for Reconstruction and Development or EBRD announced the failure of the reform of Naftogaz of Ukraine.

    Last week, four out of five members of the Naftogaz Supervisory Board, Marcus Richards, Charles Proctor, Paul Warwick and Yulia Kovaliv announced that they may leave the company due to the government's failure to implement the company's corporate governance plan.

    This was reported by Evropeyskaya Pravda online newspaper with reference to a letter from EBRD President Suma …

  • Head of the National Bank of Ukraine hands in resignation, reveals how much insolvent banks owe the country

    On April 10, the head of the National Bank of Ukraine (NBU) Valeria Hontareva handed in her resignation. She spoke about this during an unscheduled press conference.

    “After nearly three years of being the head of the NBU, I have decided to leave this position. I gave the president official notice of resignation at my own wish as of April 10 this year,” she said. She added that according to tradition, she is giving notice of this staff change in the NBU one month in advance. Thus Hontareva will …

  • Prime Minister of Latvia: Russia's actions in the Donbas contradict the Minsk agreements

    Russian actions in eastern Ukraine contradict the Minsk Agreements and in no way contribute to the resolution of the conflict, as stated by the Prime Minister of Latvia, Māris Kučinskis, during a speech at the Kyiv Security Forum.

    "We see very little progress towards the Minsk Agreements and the resolution of the conflict. Taking into consideration the actions of Russia in recent months, especially in eastern Ukraine, I believe that we must change our approach in cooperating with Russia," Kuč …