• National Bank of Ukraine strengthened measures to prevent capital outflow to Russia

    The National Bank of Ukraine (NBU) has tightened measures to prevent capital flows to the Russian Federation, according to the central bank's website.

    The statement outlined that "from now on, the National Bank has the right to refuse to issue individual licenses for certain foreign exchange transactions, if information in submitted documents reveals that either the participant or the person in whose favor the operation is carried out is a person who resides in a country that is recognized by …

  • Ukrainian Ministry of Justice: Ukraine lost $100 billion due to the annexation of the Crimea

    The Ministry of Justice of Ukraine has assessed the damage done to Ukraine as a result of the annexation of the Crimea to be at USD 100 billion, as stated by the Minister of Justice of Ukraine, Pavlo Petrenko, in an interview with Liga.net.

    “We have made a preliminary assessment of damages to Ukraine based only on the annexation of the Crimea to be approximately USD 100 billion. This amount will be detailed further during the decision-making stage,” the Minister said. However, according to him, …

  • Ukraine's Minister of Defense: There are 37,000 Ukrainian soldiers at the front line in the Donbas

    Presently, there are thirty-seven thousand Ukrainian soldiers at the front line in the Donbas, according to Defense Minister Stepan Poltorak, the website of the Ministry reports.

    Poltorak claims that the rest of the staff are on combat duty, in training centers, at the training sites and in the classrooms where the soldiers are learning from experience gained and making conclusions."

    "We are able to defend Ukraine and fulfill all the tasks facing the Armed Forces. The evidence of this is the 7 …

  • Ukraine accused Russia of political pressure and blackmail at the UN Security Council meeting

    Permanent Representative of Ukraine to the United Nations Volodymyr Yelchenko said at a meeting of the Security Council that Russia has gone out of its way to provoke and pressure Ukraine. According to him, Russia's actions bode ill for Europe.

    "Instead of conscientiously implementing Minsk agreements, Russia exerts political pressure, uses blackmail and conducts military provocations. Ongoing Russian aggression against Ukraine and its negative consequences are among the main threats to …

  • Extradition case of Ukrainian oligarch raises questions about his return to Ukraine

    On the 21st of February, the High District Court of Vienna (Austria) authorized the extradition of Ukrainian oligarch Dmytro Firtash to the US. Now the final decision about whether to hand the businessman over to the US or to Spain will be made by the Austrian minister of justice. The case proceedings regarding the extradition of Firtash to the US have taken place in Austria since the 23rd of October 2015. In the US, the businessman is accused of giving a bribe of $18,5 to acquire titanium …