The Russian rouble has fallen to 1998 levels
The Central Bank set a record U.S. Dollar rate against the Ruble. The American currency has reached an historic high. On Tuesday, December 15th, the Central Bank of Russia set the Dollar exchange rate against the Ruble at around 70.82 rubles. This was the highest rate for the U.S. currency since 1998. Compared to the previous trading day, the Dollar rose more than 60 cents.
The Euro exchange rate of the Central Bank was set at 78.23 rubles. The European currency has not yet exceeded its …
Ukraine stops goods and services supply to Crimea
Ukrainian Prime Minister, Arseniy Yatsenyuk, stated that the turnover of goods and services between Crimea and Ukraine will completely cease within 30 days. Yatsenyuk stated that Ukrainian law prohibits the exchange of jobs, goods, and services between temporarily occupied Crimea and the other territories of Ukraine. Humanitarian aid and personal belongings of Ukrainian citizens are the only exceptions to this law.
Prime Minister Yatsenyuk disclosed this information to the Ukrainian public, …
Russia to suspend free-trade treaty with Ukraine
Effective January 1st, 2016, Russia is suspending its free-trade treaty with Ukraine.
Russian President Vladimir Putin is reported to have signed a decree citing "exceptional circumstances, which impact the interests and economic security of the Russian Federation."
Currently, Russia and Ukraine are engaged in trade in accordance with the free trade agreement between CIS countries. However, starting next year the economic part of Kiev's Association Agreement with the EU comes into force, …
Kiev District Administrative Court bans Communist Party
In a controversial decision, the District Administrative Court of Kiev ruled to sustain the order of the Ukrainian Justice Ministry in full, banning the activities of the Communist Party of Ukraine.
The relevant information is available on the court’s website.
The Justice Ministry had brought a lawsuit against the Communist Party, requesting a ban on all activities of the political party. On Wednesday, Kiev’s Administrative Court ruled in favor of the plaintiff after deliberations with the …
Poroshenko: More evidence that Russia violated Minsk Agreements
During his trip to Brussels, Ukrainian President Petro Poroshenko said there is mounting evidence that Russia has violated the Minsk Agreements.
"Regarding the discussion between members of the EU about extending the sanctions against Russia, I brought even more evidence of Russia's failure to comply with the Minsk Agreements; the supply of arms, and the sending of troops to the territory of Ukrainian”, Poroshenko said.
Poroshenko is in the midst of his two day trip to the Belgian capital. …