Prime Minister Volodymyr Groysman stated in an interview with Ukrinform that in just two years Ukraine can reduce its debt burden to 50% of its gross domestic product, and in five years the country will have a strong economy.

While commenting on recent agreements with the International Monetary Fund, the Prime Minister said that Ukraine is already beginning to reduce, rather than increase debts.

Groysman also spoke about the “balanced and non-deficit” draft state budget for 2019 that he …

Polish employers are afraid that when other western countries open their labor markets, a significant number of Ukrainians may flow out of Poland, leaving a gap in the Polish labor market which will need to be filled, the Polish newspaper Rzeczpospolita writes.

According to the analysts, 7% of the work force has left Ukraine since 2015, moving primarily to Poland. However, they are starting to relocate from there to other western countries. Polish Work Service estimates that as many as 59% of …

People’s Deputy of Ukraine Nadiya Savchenko, who is currently in custody, is preparing a lawsuit to the European Court of Human Rights against Ukraine.

Savchenko asked the former First Deputy Prosecutor General Renat Kuzmin to consult her regarding this lawsuit in an open letter to Kuzmin published on Savchenko’s Facebook page.

"Your cooperation with my lawyers will significantly increase Ukraine’s chances to defeat the arbitrariness and lawlessness of every political “elite” that comes to …

Russian nuclear submarines are no longer "invisible" to the United States and can be easily detected by the U.S. military aircraft. The October 23-29 issue of the weekly Military-Industrial Courier newspaper published in Russia indicates that the U.S. "is actively working on new ways to detect Russian submarines."

According to the publication, during the recent naval exercises, officers from the submarine Severomorsk compared the flight trajectory of the American reconnaissance aircraft Orion …

During the Valdai Discussion Club, the Director of the Department of European Cooperation of the Russian Foreign Ministry, Andrey Kelin stated that the possible Ukraine and Georgia’s accession to NATO would become a colossal economic and military problem for Russia.

“We will have to build a defensive belt near Sochi and spend enormous resources to prevent a possible attack from the potential enemy, it is inevitable,” TASS news agency cites Kelin as saying.

Kelin added that Russia has a long …

A group of officials from the Russian Ministry of Finance, the Ministry of Economic Development, the Russian Central Bank, the Federal Tax Service, and the Treasury, are visiting Venezuela at the invitation of the Venezuelan government, TASS news agency reports citing Andrei Lavrov, a spokesman for the Russian Finance Ministry. According to Lavrov, Caracas is anticipating an exchange of experience with the Russians in the field of economic reform.

According to Lavrov, those who came to …

Chinese banks have begun purging themselves of Russian clients, closing company accounts left right and center, blocking payments, and refusing to process even the most simple operations, such as currency conversion, Skymax managing partner Igor Shibanov told RIA Novosti.

According to Shibanov, who works both in mainland China and in Hong Kong, the problems began roughly one and a half years ago. Initially, companies that were placed on the US and EU sanctions lists were at risk, but now the …

The Crimean authorities intend to nationalize the property of the Mejlis of the Crimean Tatar People and hand it over to the Russian-controlled Spiritual Direction of the Muslims of Crimea (SDMC), Krym.Realii reports, citing Sergey Ayksyonov, Russian Prime Minister of Crimea.

Aksyonov noted that no “nationalization” is currently taking place on the peninsula, but with respect to the Mejlis’s property “the relevant measures should be taken”.

The initiative had been voiced the day before at the …