• European Space Agency launches rocket with Ukrainian engine

    A Vega rocket successfully lifted off from the equatorial Kourou spaceport in French Guiana.

    The launch was broadcast on the website of the French company Arianespace.

    As President Petro Poroshenko announced on Facebook, one of the stages of the rocket engine was produced by the Ukrainian PA Yuzhny Machine-Building Plant named after A.M. Makarov.

    “The RD-843 of the fourth stage of the rocket was developed by the state enterprise Yuzhnoye Design Office and manufactured by the state enterprise …

  • Ukraine’s Ministry of Finance explained the IMF's requirements

    The Minister of Finance of Ukraine, Oleksandr Danylyuk, disclosed the details of the updated memorandum of the International Monetary Fund or IMF, UNIAN reports. The new memorandum contains provisions on pension, land, banking and other important reforms.

    "In fact, we need to understand the main thing that the IMF wants; and what we want is a fair, balanced pension system," Danylyuk said.

    He said that to achieve this goal it would be necessary to carry out pension reform that would balance …

  • French industrial group Saint-Gobain will build two plants in Ukraine

    The French industrial group, Saint-Gobain, intends to invest 65 million Euros to build two plants for the production of construction materials in the Tlumach district of the Ivano-Frankivsk region, Interfax-Ukraine reported, citing the President of the Ivano-Frankivsk Chamber of Commerce and Industry, Andrew Levkovich. The first facility will specialize in the production of construction mixes and will be completed by the end of 2017.

    The construction of the second plant that will produce …

  • Ukrainian Minister of Foreign Affairs: The amount of Russian weapons and military in the Donbas is shocking

    The Minister of Foreign Affairs of Ukraine, Pavlo Klimkin, stated that up to one thousand artillery systems, more than 400 tanks, and 200 rocket launchers were sent to the Donbas by the Russian Federation.

    He said this during Senate hearings at a meeting of the United States House Appropriations Subcommittee on State, Foreign Operations, and Related Programs, as reported by UNIAN.

    The head of the Ukrainian Foreign Ministry stated that the hybrid war conducted by Russian against Ukraine is …

  • Ukraine to consider imposing sanctions on subsidiary of Russia's Sberbank

    The National Bank of Ukraine (NBU) issued a statement in which it threatened that it would require the National Security and Defense Council (NSDC) of the country to impose sanctions against the Ukrainian "daughter" of Sberbank. The statement of the NBU followed the reports that Sberbank has begun to serve customers with passports from the self-proclaimed Donetsk and Luhansk People's Republics.

    "If this information is confirmed, the NBU will initiate a request to the NSDC to apply sanctions to …