• Media: Putin’s friend buys sparkling wine plant in annexed Crimea

    The Russian-controlled administration of the Crimea held a tender for the sale of the spartkling wine plant, Novyi Svit (New World) in Sudak on Wednesday, December 20th. The winner was the Southern Project company, which is a 100% “subsidiary" of the Russia bank which is under sanctions and owned by Yury Kovalchuk (who is considered one of Vladimir Putin’s “purses”), RBC news agency reports.

    The company was sold for 1.55 billion rubles (about 26 million dollars).

    The Novyi Svit winery was …

  • Swiss ambassador: corruption is the main hurdle for investors in Ukraine

    Corruption and the absence of the rule of law in Ukraine are serious problems for potential foreign investors, stated the Swiss Ambassador to Ukraine and Moldova, Guillaume Scheurer, during his interview with Interfax-Ukraine.

    "Corruption is an issue. It is a fact that there is no respect for the rule of law. These are the two elements that make many businessmen somehow uncertain about coming to Ukraine. They are ready to deal with competition, business issues and production problems, but not …

  • Merkel asks Putin why Russian officers left Joint Center for the Control and Coordination in Donbas

    The President of Russia, Vladimir Putin, spoke on the phone with the Chancellor of Germany, Angela Merkel. The Kremlin's website indicated that the politicians discussed the situation in the Donbas. Merkel asked her Russian colleague why Russian officers left the Joint Center for Control and Coordination for the ceasefire and stabilization of the Contact Line (JCCC).

    In response, Putin accused the Ukrainian authorities “who had made it difficult for the Russian military to work because of …

  • SBU detains one of its employees for spying for Russia

    The Security Service of Ukraine (SBU) exposed a senior expert adviser from its central departments that had been cooperating with the Russian special services, as reported on the SBU website.

    "The SBU operatives found that the Lieutenant Colonel had been handing over the classified information to the representatives of the aggressor country. He also assisted the Russian special services in conducting espionage and subversive activities to the detriment of the national security of Ukraine," the …

  • US allocates $250 million loan to Ukraine for nuclear waste storage

    The Ministry of Finance of Ukraine, the state company Energoatom, the US Government's Overseas Private Investment Corporation (OPIC) and the Central Storage Safety Project Trust bank have signed a loan agreement for $250 million for the construction of a used nuclear fuel storage facility in Ukraine, the country's Ministry of Finance website has reported. The loan has been granted for a term of 20 years.

    The Ministry noted that this project will allow Ukraine to renounce its use of Russia's …