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Russia’s VTB Bank admits it has difficulties selling its subsidiaries in Ukraine
The Russian banking group VTB cannot sell two of its subsidiary banks in Ukraine: VTB and BM Bank. This was stated on the sidelines of the Eastern Economic Forum by the head of VTB, Andrey Kostin.
"We will reduce the size of business and expenses, sell the assets little by little, take back loans, and sell all kinds of collateral. And withdraw from there. No one will allow anything to be sold there, probably," Kostin said.
VTB Group in May last year announced its intention to sell Ukrainian …
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Head of Crimea calls the prices and quality of fuel on the peninsula unacceptable
The Kremlin-appointed head of the Crimea, Sergey Aksyonov, is dissatisfied with the fuel prices and quality at gas stations on the peninsula, as indicated in a Facebook post he made on September 6th.
Aksyonov noted that the 95 RON gasoline is not carried by some gas stations in Crimea. "The cost of 95 RON gasoline on average is 43 rubles 30 kopeks ($0.76), 98 RON gasoline - 47 rubles ($0.82). In the neighboring regions of the Russian Federation, fuel prices are 10% lower," he wrote.
The …
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Despite president Dodon’s ban Moldovan military will take part in exercises in Ukraine
A contingent of 57 servicemen of the National Army of Moldova is participating in the NATO Rapid Trident 2017 military exercise, which will be held at the International Peacekeeping and Security Center in Yavoriv, Lviv region, from September 7th to 23rd, as reported by the Ministry of Defense of Moldova.
According to the commander of the Moldovan contingent, Lieutenant Colonel Alexander Markutsi, the goal of the exercises is to improve the level of coordination between troops, strengthen the …
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Ukrainian State Border Service: There was no order to deny entry to Saakashvili
The State Border Service of Ukraine (SBSU) did not receive any orders from Ukrainian law enforcement agencies to ban the Odessa Regional State Administration ex-head Mikheil Saakashvili’s entry to Ukraine, as stated by the First Deputy Head of the SBSU, Vasily Servatyuk at the subcommittee meeting on the control over compliance with the legislation in the field of preventing and combating corruption by state authorities and local self-government hosted by the Anti-corruption Committee.
"The …
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Berlin: Germany supports deployment of peacekeepers throughout the Donbas
The German government believes that a possible UN peacekeeping mission should be deployed throughout the Donbas region, and not just on the contact line, as stated by Deputy Speaker of the German government Ulrike Demmer while speaking to reporters in Berlin, Deutsche Welle reported.
According to the spokesman, Berlin in general welcomes the initiative of Russian President Vladimir Putin to send a UN mission to the Donbas. However, Berlin is skeptical of some details of Moscow's proposal. …