According to the Ukrainian Minister of Finance, Alexander Danyluk, proceedings in the debt recovery lawsuit between Russia and Ukraine may continue for up to two years. The case involves $3 billion worth of financial assistance provided to Ukraine while the country was being led by former president, Viktor Yanukovych. Danyluk made these statements during an interview with 24 Channel on the 1st of June.

Danyluk says that “developments may vary. It may take up to two years for the process to …

Moody's Investors Service changed the outlook for Ukraine's banking system from “negative” to “stable,” according to the agency’s press release. The change in outlook reflects their view that the country’s economy has started to emerge from a deep recession and will continue to do so in the next 12 to 18 months, which will help contain further asset quality deterioration.

In turn, improved funding conditions will support core lending and the local currency's recent stabilization will help slow …

Poland has no plans to renew its long-term contract with the Russian Federation for the supply of gas, which expires in 2022. Reuters cites the Commissioner of the Government of Poland on Issues of Gas and Energy Infrastructure, Piotr Naimski.

According to Naimski, in order to reduce its dependence on Russian gas, Poland constructed the first terminal for transporting liquefied natural gas (LNG) and also plans to construct the pipeline in the North Sea.

“We will strive for a situation where a …

German Chancellor Angela Merkel sees no reason to ease the sanctions against Russia.

According to Reuters, this was stated by the German Deputy Government Spokesperson, Christiane Wirtz.

On Tuesday, the German Foreign Minister, Frank-Walter Steinmeier said that some European Union (EU) countries are skeptical about extending sanctions against Russia. He also said that it was not clear whether or not the EU would extend them.

“I can only say that the Chancellor is in constant communication …

NATO officials have reacted positively to the Strategic Defense Bulletin adopted by Ukraine. This was reported by the Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration, Ivanna Klympush-Tsintsadze. Radio Liberty reported that she took part in the NATO-Ukraine Commission meeting held in Brussels on the 1st of June.

“NATO have welcomed the Strategic Defense Bulletin and they are really hoping that all intentions and plans stated in the document will be implemented,” …