• National Bank of Ukraine: Billions are circulating outside of the banking system in Ukraine

    The amount of cash outside of the banking system is about 300 billion hryvnia ($11.48 billion USD).

    UNIAN reports that the Acting Head of the National Bank (NBU), Yakov Smolii, announced this during a meeting of the Verkhovna Rada Committee on Financial Policy and Banking Activity.

    "At the current time, there is cash of about 300 billion UAH outside of the banking system," he said.

    At the same time, Smolii stressed that such a large amount of cash increases the burden on the National Bank, …

  • The second delivery of coal for Ukraine is being prepared in South Africa

    In the South African port of Richards Bay, a second delivery of 75,000 tons of anthracite began loading on a cargo vessel. This coal is intended to replenish the warehouses of the thermal power plants of DTEK holding that belongs to businessman Rinat Akhmetov. This was reported by Interfax-Ukraine with reference to General Director of DTEK Energy Dmytro Sakharuk.

    "The loading of the vessel will take a little more than a week and its arrival in Ukraine is expected in mid-July," he said. …

  • Ukraine and Switzerland agreed on simplifying visa regime

    The Minister of Foreign Affairs, Pavlo Klimkin announced at a press conference with Didier Burkhalter, the Head of Department of Foreign Affairs of Switzerland that Ukraine and Switzerland have agreed to simplify the visa regime between the countries.

    “We’ve just signed two agreements. I signed with Didier the agreement on facilitating the visa regime. You know that on June 11, we’ll have a visa-free regime with Switzerland but now we settled all issues in such a way that we have clear rules …

  • Kyiv created a commission to promote Ukraine

    The Cabinet of Ministers established an interdepartmental commission to promote Ukraine, headed by the Minister of Information Policy. The corresponding decision was made at a government meeting on Wednesday, Interfax-Ukraine reports.

    State Secretary of the Ministry of Information Policy Artem Bidenko was appointed as the Secretary of the commission. Overall, the commission includes eight representatives of state bodies, two advisers to the prime minister, two representatives of enterprises, …

  • The World Bank will allocate up to $20 million for direct investment in Ukraine

    The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to $20 million into the Emerging Europe Growth Fund III, L.P. (EEGF III), which is a direct investment fund launched by Horizon Capital mainly for investments in Ukraine. This was reported by Interfax-Ukraine with reference to the IFC’s report.

    The Board of Directors approved the project at a meeting on June 5. The main investment object of EEGF III will be small- and medium-sized growing enterprises. …

  • Polish ecologists: Nord Stream 2 is a hazardous and unnecessary project

    The Nord Stream 2 gas pipeline is harmful for the ecological initiative, and also contravenes the norms of European law.

    Robert Cyglicki, director of Greenpeace Poland, and Marcin Stoczkiewicz, lawyer from the ClientEarth initiative, made a statement to this effect regarding the results of the public hearing and the preparation of comments on the project by ecologists from various countries, which took place on June 5 in Finland.

    The Polish ecologists called “Nord Stream 2” a hazardous and …

  • Russia is pushing its candidate to the head of UN department on terrorism

    The Russian Foreign Ministry expects that the new UN department to fight terrorism will be headed by a representative of Russia, as stated by Dmitry Feoktistov, Deputy Director of the Department on New Challenges and Threats of the Russian Ministry of Foreign Affairs, RIA Novosti reports.

    He said that Russia has already nominated its candidate for this post, but did not mention the name of the Russian contender. “We are speaking about the representative of Russia being appointed to the newly …

  • President of Ukraine asks head of OSCE to deploy police mission in the Donbas

    During a meeting with Sebastian Kurz, acting chairman of the OSCE and Austrian Federal Minister for Europe, Integration and Foreign affairs, President Petro Poroshenko called for discussion to be initiated in Vienna regarding the deployment of an armed OSCE police mission to the Donbas, as reported on the president’s website.

    Special attention was given to the increase in incidences of OSCE observer intimidation by the pro-Russian separatists. The Ukrainian President pointed out that the …

  • Lithuania declares nuclear power plant in Belarus a threat to national security

    The Cabinet of Ministers of Lithuania has declared that the Belarusian Nuclear Power Plant (BelAES), which is being built about 50 kilometers from Vilnius (on Belarus Island), poses a threat to national security. The portal Delfi reported this.

    The government proposes that the Seimas recognize BelAES as unsafe, representing, by virtue of its geographical position, a threat to the national security of Lithuania, the environment and human health.

    "The interests of national security and the …

  • US-led coalition says it has the right to attack any military forces threatening its partners in Syria

    The US-led coalition reserves the right to strike at any forces that are a threat to Coalition's forces and its partners, as stated by the official spokesman for the coalition, Ryan Dillon, Interfax news agency reports.

    "We reserve[d] that right for any force that presents a threat, whether it is ISIS or anybody else," Dillon said responding to a question by Interfax.

    Earlier the US-led coalition once again struck a blow against pro-government forces in southern Syria. The coalition’s …