Contents tagged with Ukraine

  • Medvedev approves gas discount for Ukraine

    Russian Prime Minister Dimitry Medvedev signed a decree detailing the discounted price of natural gas shipments from Russia to Ukraine. The tariff rates will remain the same until March 31, 2016. The documentation was posted on the official legal information web portal on Friday, January 1st.

    The decree provides a formula that makes it possible to calculate the rate of fees on imports of low-carbon, “blue fuel” gas to Ukraine.

    Most economists agree that, based on the contract price of gas at …

  • EU-Ukraine free trade agreement comes into force

    The Free Trade Area between Ukraine and the European Union came into effect on Friday, January 1st. The accord is part of a broader EU Association Agreement that was signed in 2014, but the parties took a one-year pause on Russia's request for consultations with the country, which failed.

    The agreement eliminates 97% of tariffs on Ukrainian goods and reduces the average tariff on Ukrainian exports from 7.6% to 0.5%, according to Ukraine's Ministry of Economic Development and Trade.

    The free …

  • Ukrainian ceasefire violated on first day of 2016

    The Ukrainian Army and the pro-Russian separatists in Eastern Ukraine have accused each other of violating the "Christmas Truce" on January 1st.

    The truce came into force on December 22nd and was mutually agreed upon by the opposing forces. In the last few days, according to the Ukrainian command, the Ukrainian Army’s position was shelled 22 times with mortars and grenade launchers. Government troops have suffered no casualties yet.

    Separatists reported that one person was killed in their …

  • Russia to end Ukraine’s supply of electricity to Crimea

    It appears as though Moscow will end a contract with Kiev that ensures the delivery of electricity to the Crimea. Having illegally annexed the peninsula in early 2014, Russia insists that Ukraine remove any language from the contact that stipulates that the Crimea is part of Ukrainian territory. Kiev is determined not to give in.

    Kremlin Press Secretary Dmitry Peskov asserted that if Ukraine does not agree to change the wording, Russia is most likely to abandon the contract. "It can be assumed …

  • Moscow to sue Kiev over $3 billion debt

    The Russian Ministry of Finance has declared that Kiev is in a “state of default”, and that Moscow is taking legal action against Ukraine. The $3 billion Eurobond debt owed to Russia was loaned during the reign of former president Viktor Yanukovich in 2013 under the stipulation that Ukraine forgo any steps towards European integration, namely the ratification of the Ukraine–European Union Association Agreement.

    Russian authorities have contacted the Law Debenture Corporation and initiated the …

  • Poroshenko cautiously optimistic for 2016

    During his annual New Year’s address, Ukrainian President Petro Poroshenko acknowledged the country’s accomplishments in 2015, saying that Ukrainians have become "not only older, but also wiser and stronger."

    While Poroshenko recognized the sacrifices of Ukrainian soldiers who are “not at the festive table, but in the cold winter trench… those who are now standing with guns, not wine glasses”, his address highlighted the path that Ukraine is taking towards integration with Europe.

    “It is …

  • Herashchenko calls for presence of EU peacekeepers in Donbas

    The Ukrainian President’s envoy to restore peace in the Donbas region, Iryna Herashchenko, wrote on her Facebook page that the entry of a European Union peacekeeping mission to the conflict area in eastern Ukraine has become even more necessary.

    “During a telephone conversation with the members of Normandy Quartet, the Ukrainian President asked the European Union to send a peacekeeping mission to Donbas. In the context of European security, monitoring the fragile situation in the Donbas region …

  • Ukraine introduces a moratorium on payment of $3 billion to Russia

    The Ukrainian Government confirmed its decision to impose a moratorium on the payment of debt to the Russian Federation worth $3 billion, that was loaned to the government of Viktor Yanukovych in 2013. In December of 2015, it was recognized as an official debt of Ukraine.

    This was said by the Prime Minister of Ukraine Arseniy Yatsenyuk during a Cabinet meeting.

    "We succeeded in stopping the military aggression of Russia, and now we are stopping the economic, financial and diplomatic …

  • Kerzner: Ukraine will be one of the best places to invest

    The Honorary Consul of Ukraine in Jerusalem, the founder and owner of the City Capital Group, Ofer Kerzner, together with other representatives of the business circles of Israel met recently with the President of Ukraine, Petro Poroshenko.  During the meeting they discussed the creation of the most favorable conditions for investments in the country’s economy.  Mr. Kerzner, who is an investment pioneer and has over 20 years of experience in Ukraine, shared details of his work. He told them how …

  • Zakharchenko against EU peacekeeping mission in Donbas

    The Head of the self-proclaimed Donetsk People's Republic (DPR), Alexander Zakharchenko, has opposed the creation of the European Union’s Special Mission for the observance of peace conditions in the Donbas.

    "If the Press Service of Mr. Poroshenko is telling the truth and he indeed offered to organize the Special Mission of the European Union to keep peace, order and security in the Donbass region, then this is completely unacceptable," Zakharchenko said. The DPR Head claims that such actions …