• OSCE: Separatists are firing from the roofs of houses in Donetsk

    Donetsk residents have told observers of the Special Monitoring Mission (SMM) of the OSCE that separatists are using the roofs of their houses as platforms for attacks. Interfax-Ukraine reported that this was said by the First Deputy Head of the OSCE SMM in the Donbas, Alexander Hug.

    “On Monday night, our observers reported 105 explosions north-west of Donetsk. Many of these explosions occurred in the Kuibyshevskyi district of the city. Our observers visited the area two days before the …

  • Ukrainian Finance Minister: Russia's debt recovery lawsuit could take up to two years

    According to the Ukrainian Minister of Finance, Alexander Danyluk, proceedings in the debt recovery lawsuit between Russia and Ukraine may continue for up to two years. The case involves $3 billion worth of financial assistance provided to Ukraine while the country was being led by former president, Viktor Yanukovych. Danyluk made these statements during an interview with 24 Channel on the 1st of June.

    Danyluk says that “developments may vary. It may take up to two years for the process to …

  • Moody's improved the outlook for Ukraine's banking system

    Moody's Investors Service changed the outlook for Ukraine's banking system from “negative” to “stable,” according to the agency’s press release. The change in outlook reflects their view that the country’s economy has started to emerge from a deep recession and will continue to do so in the next 12 to 18 months, which will help contain further asset quality deterioration.

    In turn, improved funding conditions will support core lending and the local currency's recent stabilization will help slow …

  • Merkel sees no reason to ease sanctions against Russia

    German Chancellor Angela Merkel sees no reason to ease the sanctions against Russia.

    According to Reuters, this was stated by the German Deputy Government Spokesperson, Christiane Wirtz.

    On Tuesday, the German Foreign Minister, Frank-Walter Steinmeier said that some European Union (EU) countries are skeptical about extending sanctions against Russia. He also said that it was not clear whether or not the EU would extend them.

    “I can only say that the Chancellor is in constant communication …

  • Final comprehensive package of aid to Ukraine could be approved during meeting of NATO defense ministers

    NATO officials have reacted positively to the Strategic Defense Bulletin adopted by Ukraine. This was reported by the Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration, Ivanna Klympush-Tsintsadze. Radio Liberty reported that she took part in the NATO-Ukraine Commission meeting held in Brussels on the 1st of June.

    “NATO have welcomed the Strategic Defense Bulletin and they are really hoping that all intentions and plans stated in the document will be implemented,” …