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Survey: economists not convinced by Kremlin’s predicted ‘surge’ in Russian economy
The miraculous economic “surge” that the Russian government predicts will start in the 2020s and bring Russia into the world’s top 5 economies remains a chimera in the eyes of most economists, finanz.ru writes.
A survey of professional economic forecasters conducted by the Moscow-based Higher School of Economics at the end of April, involving 11 Russian and foreign investment banks, seven analysis centers, two institutes of the Russian Academy of Sciences and major corporations such as Lukoil …
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Moldovan President Dodon promises to ask Constitutional Court’s permission to dissolve parliament if it fails to create a parliamentary majority
Moldovan President Igor Dodon said that he would ask the Constitutional Court to dissolve parliament if fails to create a parliamentary majority. The head of state made the announcement Thursday evening on Moldovan television channel N-4.
“In June, I will appeal to the Constitutional Court to ask if there are grounds to dissolve a parliament that is not operational and does not have a ruling majority. I will then call the parliamentary party leaders to hold early elections.” Dodon said.
The …
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Kyiv: Ukraine will impose new sanctions against Russia if it refuses to release Ukrainian sailors
Ukraine will introduce new sanctions against Russia if it ignores the decision of the International Tribunal for the Law of the Sea to free the Ukrainian sailors.
“Ukraine secured a decisive diplomatic victory and a powerful additional international legal trump card in order to achieve the earliest possible release of our sailors,” Ukrainian Ambassador to Germany Andriy Melnyk said about the tribunal’s decision while discussion the matter with Ukrinform.
"If Moscow decides to ignore this …
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European Investment bank provides 200 million Euro loan to Ukraine
The European Investment Bank (EIB) granted the Cabinet of Ministers of Ukraine a long-term loan with low interests in an amount of 200 million euros as part of the project “Emergency Credit Program to Restore Ukraine,” reports Interfax-Ukraine.
These funds will be invested in the restoration of key infrastructure in the Donetsk and Luhansk regions, as well as to provide proper living conditions for internally displaced persons.
The corresponding financial agreement between Ukraine and the EIB …
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IMF confirms readiness to cooperate with new Ukrainian government
IMF representative Gerry Rice confirmed that the Fund is ready to continue cooperation with a new government in Ukraine as soon as it is formed.
"When the government will be formed following the elections, we will be ready to continue the discussion about our further partnership with Ukraine," said Rice.
He also confirmed that the IMF mission, which came to Kyiv for two weeks to assess the reforms, continues its work and will not return to Washington ahead of schedule, as several media …
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Kolomoisky advises Ukraine to default on its debt
In an interview with the Financial Times, Ukrainian businessman Ihor Kolomoisky stated that the new president of the country, Vladimir Zelensky, should default and write off the state’s foreign debt. Hromadske Radio reported on the matter.
“In my opinion, we should treat our creditors the way Greece does,” he said. “Ukraine should follow its example,” added Kolomoisky.
He believes that Ukraine should not be afraid of defaulting on its debt. “How many times has Argentina defaulted on its debt?” …
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US prepares to impose sanctions on Nord Stream 2 construction companies
Washington is preparing to impose sanctions on the Nord Stream 2 gas pipeline project.
According to the relevant bill, which was published on the US Senate website, sanctions will be imposed on a number of foreign construction companies that are involved in laying the pipeline on the bottom of the Baltic Sea.
The “Protecting Europe’s Energy Security Act of 2019” was authored by republican senators Ted Cruz, John Barrasso, Tom Cotton and democrat senator Jeanne Shaheen.
The senators stipulate …
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Kazakhstan suspends liquefied gas supplies to Ukraine
Kazakhstan company Tengizchevroil (TCO) stopped the supply of liquefied gas in the direction of Ukraine, reports enkorr information resource, citing several sources in the Ukrainian companies, holders of Term Contracts with Tengizchevroil.
According to the sources, the Kazakh trader is afraid of potential problems with the passage of wagons through the Russian-Ukrainian border due to Russian sanctions against Ukraine that enter into force on June 1.
"There is no permission to cross the …
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Ukrainian Prime Minister Groysman will not join Poroshenko in parliamentary elections
Ukrainian Prime Minister Volodymyr Groysman told ICTV in an interview that he will participate in the upcoming parliamentary elections through his own party, “Ukrainian Strategy”, and will not unite with anyone, not even former president Petro Poroshenko.
Groysman said that he has already received such offers from Poroshenko, and that “many politicians” have been discussing possible mergers. “I have decided to run independently, and for me this decision is final. I think we are simply …
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NATO: Russia must immediately release Ukrainian ships and sailors
Russia must immediately release the Ukrainian sailors and ships that were captured in the “Kerch Incident”, a NATO press representative told the media.
Citing a statement released by NATO on 28 November 2018 and one by Secretary General Jens Stoltenberg on 4 April 2019, the source emphasized that the alliance has repeatedly made it clear that there was no reason for Russia to use military force against the Ukrainian soldiers and vessels.
On Saturday 25 May, the UN’s International Tribunal for …