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Ukrainian Prime Minister: Russian embargo will cost Ukraine $600 million
At the Cabinet meeting, the Ukrainian Prime Minister, Arseniy Yatsenyuk, stated that Ukraine has to get ready for Russian embargo . “We are also getting ready for new import restrictions imposed by Russia to come into effect. Our preliminary estimate for 2016 is that Ukraine will lose $600 millions of export to the Russian Federation" – stated the Prime Minister. Arseniy Yatsenyuk said that three years ago Ukraine was almost 35% dependent on the Russian market, and now the number has been …
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Will Ukraine accept Russia's debt restructuring offer ?
Putin has agreed to restructure Ukrainian debt but Kiev may reject his offer. After a long period of negotiations, Russia has agreed to restructure the Ukrainian debt, which the previous government, headed by Viktor Yanukovich and Nikolay Azarov, loaned from Moscow at the end of 2013. Russian President, Vladimir Putin has proposed the restructuring scheme and called it “the best conditions”.
Experts believe that Ukraine, which refused to pay the debt earlier, will reject Putin’s offer. However, …
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Ukraine may return heavy weaponry if situation escalates.
According to Ukrainian military spokesman Andriy Lysenko, Ukraine could return its heavy weaponry to the frontlines if fighting with pro-Russian separatists escalates further. "Our military commanders will be forced to return artillery and mortars to defend Ukrainian positions and protect the lives of our servicemen," he said in a daily televised briefing.
Five Ukrainian soldiers have been killed in the past 24 hours during fighting in the east of Ukraine, its highest death toll since a …
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Ukrainian accused of plotting to blow up Russian Embassy has been acquitted
Ukrainian citizen, Vadim Bezkorovainy, who was accused of preparing terrorist acts against the Russian embassy in London, has been aquitted by a jury trial. The case hearing took place in the Central Criminal Court of London on November 13. However, he has not been released yet as it appears he has been staying in Great Britain illegally using a Polish passport under the name of Karol Beletski. Now he is facing a deportation.
Bezkorovainy was arrested in March 2014 in the suburb of London and …
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US Government is planning to provide another $1 billion to Ukraine
According to Jacob Lew, the Secretary of the Treasury of the US, the Department of Treasury is considering the possibility of financial support amounting to $1 billion to Ukraine – reported Interfax-Ukraine.
“We are working on the provision of the third billion of credit guarantees within the next months. “It’s extremely important for Ukraine to follow up with the reforms in the tax and energy areas and to strengthen the anti-corruption measures” – stated Jacob Lew after the meeting with the …