• National Bank of Ukraine's international reserves increased by $100 million in July

    According to tentative data from the National Bank of Ukraine (NBU), Ukraine's international reserves in July 2016 rose by $100 million, or 0.7%, to $14.82 billion.

    Since the beginning of the year, the reserves have increased by 5.9%, or by 782 million dollars. 

    As noted in the report by the NBU, the increase in reserves in July happened mainly thanks to currency purchases made by the NBU in the interbank market in the amount of 257.8 million dollars. An additional $98 million was received …

  • Ukrainian Intelligence: Russia deployed naval ship carrying cruise missiles to the Crimea

    On the 5th of August, the Main Directorate of Intelligence of the Ministry of Defense of Ukraine released data indicating the strengthening of the naval component of the Russian Armed Forces in the annexed Crimea. In particular, the Agency reported on the addition of ships with powerful missile complexes.

    According to the press service of the Main Directorate of Intelligence of the Ministry of Defense of Ukraine, the inclusion of the Admiral Makarov frigate, which is armed with a Caliber-NK …

  • Ukrainian Ambassador to the US criticizes Trump for his stance towards Russia

    The Ukrainian Ambassador to the United States, Valeriy Chaly, said that the statements of the Republican Party nominee for President of the United States, Donald Trump, regarding Ukraine and the Crimea have caused considerable concern in Kyiv.

    In the article in The Hill newspaper, Chaly emphasized that Trump sends the wrong signal to the world by his statements which call for the violation of international law. The Ambassador also noted that Trump’s statements run counter to the platform of …

  • US company to build nuclear fuel plant in Ukraine

    Ukraine has reached agreements with Westinghouse with regard to the increase of supply, and the future construction of a nuclear plant in the country. Interfax-Ukraine reported that this was said by the Minister of Energy and Coal Mining of Ukraine, Ihor Nasalik.

    “We have agreed on the diversification of supplies to nearly half of the nuclear units. We have also agreed to build a nuclear fuel plant in Ukraine,” Nasalik said.

    He said that they reached these agreements during his recent trip to …

  • Naftogaz believes their chances of beating Gazprom in Stockholm court are high

    Director for Business Development at the national joint-stock company Naftogaz of Ukraine Yuriy Vitrenko stated that Ukraine has a good chance of obtaining a positive decision for their claim against Gazprom in the Stockholm Arbitration Court.

    “In short, we are in the home stretch. Trials will start in the next few months. Our position is very firm, as demonstrated by the fact that, in particular, even Putin had to change his favorite statement about Gazprom: that since 2020 they will not need …