Ukrainian Minister of Finance: Ukraine expects the third IMF tranche in August
The Minister of Finance does not see any reason to change the hryvnia exchange rate should the next tranche of the IMF loan be postponed.
In speaking with journalists at the 100 Days of Government: First Assessment and Future Expectations forum, the Minister of Finance of Ukraine, Oleksandr Danylyuk, stated that he expects the International Monetary Fund (IMF) to decide on the allocation of the third tranche in August, as reported by RBC-Ukraine.
"If the meeting is not held in July and it …
So-called Donetsk People's Republic seizes plant owned by Russian company
According to a statement on its website, the Russian mining and metals company Mechel has received an order from the self-proclaimed Donetsk People’s Republic (DPR) introducing temporary administrative control over the Donetsk Electrometallurgical Plant (DEMZ) property, located in the occupied territory.
The order is dated June 25 and is signed by the DPR leader Alexander Zakharchenko. It says that a new company, Yuzivka Metallurgical Plant, should be established on the premises of the …
Ukraine and Romania sign agreement to connect gas transport systems
The operators of Ukraine's and Romania's gas transportation systems have signed an agreement on connecting gas transportation systems at the Isakcha point, located on the border between Orlivka (Ukraine) and Isakcha (Romania), the press service of Ukrtransgas said in a statement. The agreement reportedly covers the route of the gas pipeline that is used for transporting gas from Ukraine through Romania to Bulgaria, the connection point being Negru Vodă Romania.
“The agreement... is fully …
Turkey and Russia resume negotiations on economic cooperation program
Russia has resumed negotiations with Turkey on a trade and economic cooperation program for 2016-2019, RBC reported.
According to a decree issued by the Russian government, the activities of the Russian-Turkish intergovernmental commission on economic cooperation has been resumed.
Work has also been restarted on the creation of a Russian-Turkish joint fund to finance investment projects in both countries.
Moscow and Ankara started negotiations on an economic cooperation program in 2014. …
Russia increased investments in U.S Treasury bonds
In May 2016, Russia increased investments in U.S. Treasuries for the first time in four months. The investments went up by $5.7 billion to $88.2 billion, Finmarket reported, quoting the results of a survey by the United States Department of the Treasury and the U.S. Federal Reserve System. In April, Russia had reduced investments in the U.S. Treasuries by $3.5 billion. Russia is ranked tenth in the list of largest U.S. creditors.
However, China remains the largest holder of U.S. Treasuries. In …