-
National Bank of Ukraine denies threat of default
The Deputy Head of the National Bank of Ukraine (NBU), Dmytro Sologub, has denied that the country is in threat of default in the event of termination of cooperation with the IMF, RBC-Ukraine reports.
According to Sologub, the country's reserves are enough to pay off debt obligations, and rumors of default and restructuring of the national debt are no more than speculation.
"If you look at the reserves of the National Bank and compare them with the forthcoming payments, purely mathematically …
-
NATO plans to fast-track military readiness
High readiness is an essential task for NATO in a modern, more unpredictable world, stated NATO Secretary General Jens Stoltenberg at a press conference in Brussels on Wednesday, June 6 while commenting on a NATO Defense Ministers meeting scheduled for June 7 to 8.
Speaking about boosting combat readiness, Stoltenberg expressed the hope that the participants could agree on a new concept called "the Four Thirties." It stipulates that by 2020, 30 mechanized battalions, 30 air squadrons, and 30 …
-
Sweden’s Home Guard conducting largest exercises since 1975
Sweden is conducting its largest nationwide military exercises since 1975, in which 40 battalions and 22,000 reservists are taking part, The Local news outlet reported.
"The idea of these exercises is that we are now strengthening our military defense and increasing our operational capabilities," Swedish Supreme Commander Micael Bydén said.
According to the Ministry of Defense of Sweden, all 40 battalions of the Home Guard were mobilized for training, which means that the Swedes will see how …
-
US Ambassador: Ukraine to lose billions of dollars if Rada does not adopt Anti-Corruption Court law
US Ambassador to Ukraine Marie Yovanovitch stated that Ukraine will be refused billions of dollars in international aid if the Verkhovna Rada fails to pass the law "On the High Anti-Corruption Court", which was agreed upon with the International Monetary Fund (IMF).
"Failure to pass an IMF-compliant bill would erode Ukraine’s ability to fight corruption, prevent Ukraine from receiving billions of dollars in assistance, and destabilize the economy. Getting this right is essential for building a …
-
Angela Merkel sees no reason why Russia should be restored in G8
German Chancellor Angela Merkel feels that the decision to exclude Russia from the international G8 forum was correct, and she sees no reason why the country should be restored, despite tense relations with the U.S. Merkel said this in answer to a question asked by a deputy of the Bundestag who belongs to the right-wing Alternative for Germany party.
According to Merkel, the G8 forum is based on respect for international law, which Russia has brazenly violated.
“The annexation of Crimea was a …