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 …

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 …

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 …

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 …

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 …

Since August of 2014, when Moscow first imposed a food embargo on countries that had imposed economic sanctions on Russia, food prices have risen by 31.6%, according to the Ministry of Economic Development, RBC reported.

“The introduction of food countersanctions to restrict imports in August 2014 was an important factor in the growth of food prices in late 2014 and early 2015, which resulted in imbalance and a reduction in competition. For two years, food prices rose by 31.6%,” a …

The Prime Minister of the United Kingdom, Theresa May, stated during a phone conversation with the President of Ukraine, Petro Poroshenko, that the UK’s position regarding sanctions against the Russian Federation remains unchanged. The sanctions will be extended until the Minsk agreements are fully implemented, the press-service of the President reports.

The Head of the British Government also expressed its strong commitment to a non-recognition policy for Russia’s annexation of Crimea.

They …

Overall, exports have fallen by 11% over the first five months in 2016, but exports to EU countries have increased by 4.5%.

In the first five months of 2016, the export of goods from Ukraine fell by 11.5% in comparison to the same period in 2015, and made $13.7 billion, the Ministry of Economy reports.

“The results of the first five months of 2016, as compared with the same period in 2015, show that the export of goods fell by 11.5% and made $13.7 billion. A significant slowdown in the …