• Ukraine and IMF have not yet agreed on updated memorandum on cooperation

    According to the Deputy Finance Minister of Ukraine, Artem Chevalier, Ukraine and the IMF have not yet agreed on the updated version of the memorandum on cooperation.  This memorandum would detail the provision of new loans for Ukraine.

    After a press conference in Kiev, Chevalier said that “we do not have the updated version of the memorandum yet”.

    He also did not give a possible date for resuming Ukraine’s cooperation with the fund.  In response to a question about the nature of the possible …

  • Ukrainian Defense Ministry: Demining of Donbas will take 10-15 years

    The head of a specialized group in the Ecology and Safety department of the Ukrainian Ministry of Defense, Colonel Sergei Zubarevsky,told Hromadske radio that the complete demining of the Donetsk and Lugansk regions affected by the current conflict will take between 10 and 15 years.

    “I think that the clearance of the Donbas region will cost more than one billion hryvnia.  Establishing complete safety for citizens of this region can only be achieved in 10 or 15 years,” Zubarevsky said.

    On the 5 …

  • US company finds 5 trillion cubic meter reserve of gas in Georgia

    American company Frontera Resources has found a 5 trillion cubic meter reserve of gas in Georgia, Georgian media reported. The media quoted the President of Frontera Resources, Steve Nicandros, who said that it can take up to 5 years for Georgia to begin exporting gas.

    Steve Nicandros stated that this gas will flow to Turkey and the countries of Eastern Europe. Last year, Frontera Resources, which has been working in Georgia since the mid-1990s, came to an agreement with Ukrainian Naftogaz, …

  • Johannes Hahn: Corruption discourages investment in Ukraine

    At the opening of the Ukrainian Week in the European Parliament, the European Commissioner for European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, noted the progress made in the area of reforms in Ukraine.  However, he also recognized that Kiev lacks perseverance and that a lot still needs to be done.

    Speaking on Monday in Brussels, Hahn called for the continuation of judicial reform.  He also emphasized the importance of fighting against corruption.

    “The situation is …

  • UK representative at the UN calls on Russia to release all Ukrainian political prisoners

    At the UN Security Council session, the British Representative for the United Nations, Matthew Rycroft, reported that Great Britain called on Russia to release all Ukrainians political prisoners, including those who are in Russia and in illegally annexed Crimea, a UNIAN correspondent reported. According to him, there has since been a positive exchange of hostages between Ukraine and militants.

    “We called on Russia to release all illegally detained Ukrainians, including those who are in Russia …