The IMF suspended negotiations with Belarus on credit allowance
The International Monetary Fund (IMF) suspended negotiations with Belarus on the credit program in order to clarify the official policies in a number of sectors of the country, as announced on Thursday by the official representative of the organization, William Murray, at a press briefing.
“Negotiations on the [credit] program have been suspended in anticipation of clarifying the Belarusian leadership’s policy regarding, in particular, state enterprises, housing, and communal services. Our …
The Polish Ambassador to the United States expressed grave concerns about the Russian-Belarusian exercise
Eastern European countries are in an atmosphere of "fear and uncertainty" in connection with the forthcoming West-2017 joint Russian and Belarusian military exercise, said Polish Ambassador to the United States Piotr Wilczek. The West-2017 drills will take place on the territory of Belarus from September 14 to 20.
"We do not know much about this exercise due to the lack of transparency. This is primarily a danger to Ukraine and it is a potential threat to other countries too. I'm not saying …
Director of company involved in Siemens turbines scandal fired in Russia
The CEO of Silovye Mashiny, which was involved in a scandal with Siemens turbines, has been fired In Russia.
As reported by Interfax, the Board of Directors of Silovye Mashiny passed a decision July 19 on the early termination of Roman Filippov's powers.
On July 13, Filippov was interrogated in Russia for a criminal case concerning the disclosure of state secrets.
The Board of Directors of PJSC Silovye Mashiny appointed a new CEO after Roman Filipov's resignation. The new CEO is Filippov's …
National Bank of Ukraine removes PwC from auditor registry for inaccurate audit of PrivatBank
The National Bank of Ukraine (NBU) has removed PricewaterhouseCoopers (PWC) from the registry of auditing firms which have the right to audit banks.
The relevant decision was made on July 20 by the NBU’s executive board on the basis of a request from the Committee on matters of bank auditing, the NBU’s press service reported.
The announcement points out that the reason for the decision was the fact that PWC affirmed inaccurate information about the financial-economic activity of PrivatBank ( …
US authorities fine ExxonMobil for deal with Russian Rosneft
A notice regarding a fine for ExxonMobil was placed on the US Ministry of Finance’s website. The notice points out that company and its subsidiary organizations (ExxonMobil Development Co. and ExxonMobil Oil Corp.) violated §589.201 of the sanction legislation introduced in connection with the events in Ukraine. This paragraph imposes a ban on deals with entities on the sanction list.
The violation with the company’s involvement took place in the period between the 14th and the 23rd of May 2014 …