• Iran to consider transporting oil through Ukraine

    Tehran will study a proposal submitted by Kiev about the possibility of transporting Iranian oil to Slovakia and the Czech Republic via Ukraine, Interfax-Ukraine reported.

    Following a meeting between Iranian Oil Minister Bijan Namdar Zangeneh the Minister of Energy and Coal Industry of Ukraine, Igor Nasalik, the former stated that Tehran is ready to begin cooperation with Kiev on supplying oil directly to Ukraine, despite the fact that Ukrainian oil refining capabilities are minor.

    Iranian …

  • Moscow invites Kiev to start dialogue on resuming flights between Russia and Ukraine

    Russia is ready to begin talks with Ukraine with regard to the resumption of flights between the two countries, as stated by the Russian Transport Minister, Maxim Sokolov, RIA Novosti reported.

    “Because of the crucial decisions that were recently made regarding the personnel policy of cooperating with Ukraine, there is some hope. I personally have hope. Negotiations are still under way, even though our position is open. In the current situation, it is mutually beneficial to unlock the existing …

  • Ukraine's natural gas production increases by 2 percent

    Natural gas production in Ukraine during the period of January-July 2016, according to latest information, has increased by almost 2% (223.3 million cubic meters) compared to the same period of 2015 when this volume reached 11 .7 billion cubic meters.

    According to PJSC (Public Joint Stock Company) Ukrtransgaz, those figures include July-2016 gas production that amounted to 1.69 billion, which is 3.7% more than July of last year (1.63 billion cubic meters).

    In July this year gas production of …

  • Ukrainian Finance Minister: We are not in urgent need of funds from the IMF

    Ukraine does not have an urgent need for the International Monetary Fund’s (IMF) money. This was said by the Ukrainian Minister of Finance, Olexandr Danylyukin on Persha Shpalta TV program of Ukrainian 1TV channel.

    “The issue at the moment is not the money that we may need from the IMF. We don't have a need for it now as our reserves, which include our gold and foreign currency, are stable. However, we may have a need for these funds in a few months’ time. We are working with the IMF not only …

  • Lutsenko: Yefremov's arrest shows that Ukraine is recovering

    Prosecutor General Yuriy Lutsenko says that the decision of the Pechersky district court of Kyiv to keep Oleksandr Yefremov in custody demonstrates Ukraine’s recovery. “The decision of the court shows the recovery of Ukraine. Thank you all for supporting the legal decision,” Lutsenko wrote on his Facebook page on Monday.

    Yefremov, the former Chairman of the Party of Regions faction in the Verkhovna Rada of Ukraine, was arrested and detained on July 30th on suspicion of infringement on the …