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European Bank for Reconstruction and Development to allocate 30 million for direct investments in Ukraine
The European Bank for Reconstruction and Development (EBRD) decided to allocate $30 million to the Emerging Europe Growth Fund III, L.P. (EEGF III). It is a direct investment fund, launched by Horizon Capital for investments, mainly into Ukraine, as reported by Anton Usov, EBRD's Senior Communications Advisor.
"The EBRD is investing $30 million into the Emerging Europe Growth Fund III, which will invest in the shared capital of small and medium-sized enterprises in Ukraine. The goal for the …
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Former President of Ukraine: The European Union has brought Ukraine to its knees
The European Union has brought Ukraine “to its knees” and considers it as simply a supplier of raw materials. The country needs to unite to facilitate further development rather than walk around the world with an outstretched hand, former Ukrainian President Leonid Kuchma believes. He said this during a speech at the opening of the international forum, reports TV channel 112 Ukraine.
“Our economy has been neglected, we are falling apart! We are becoming a raw material colony. All we have left …
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Ukraine submits an appeal against decision on 'Yanukovych loan'
On Friday, the Ukrainian Ministry of Finance submitted the necessary documents on behalf of the State of Ukraine to the English Court of Appeals to initiate an appeal against the decision of the High Court of London on the claim of the Russian Federation against Ukraine regarding Eurobonds for $3 billion.
"Ukraine is confident in the arguments of the appeal and in winning at the Court of Appeal at the appropriate time. The hearing of the appeal is tentatively scheduled for the second half of …
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Ukrainian media: Separatists continue attacking Ukrainian military's positions
On the demarcation line in eastern Ukraine zone, separatist militia fighters are becoming increasingly active at nighttime, specifically in the southern front sector. Over the past days, the Ukrainian military has been under attack by submachine and machine gun fire, RPG shells, and mines, TSN reports.
Along the line of defense in the Lebedynske area, heavy 120-meter caliber guns were fired, and in the area of the forward defense posts near Shyrokyne, the combatants fired cannons and from …
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President of Lithuania: Sanctions against Russia should be strengthened and expanded
The West should expand sanctions against Russia, as the situation in eastern Ukraine does not improve, as stated by Lithuanian President Dalia Grybauskaite before the EU summit in Brussels, Delfi reports.
"The situation in Ukraine thus far only continues to deteriorate… In eastern Ukraine, a direct, real, de-facto inclusion of that part of the country into the territory of Russia has begun," said Lithuanian President Grybauskaite.
She also pointed out to the fact that Moscow, with separatist …