OSCE: Separatists are firing from the roofs of houses in Donetsk
Donetsk residents have told observers of the Special Monitoring Mission (SMM) of the OSCE that separatists are using the roofs of their houses as platforms for attacks. Interfax-Ukraine reported that this was said by the First Deputy Head of the OSCE SMM in the Donbas, Alexander Hug.
“On Monday night, our observers reported 105 explosions north-west of Donetsk. Many of these explosions occurred in the Kuibyshevskyi district of the city. Our observers visited the area two days before the …
Estonian PM: We expect NATO to establish a firm position in relation to Russia's actions
The Estonian Prime Minister, Taavi Rõivas, said that one of the outcomes of the July NATO summit should be the strengthening of security in the region. He said this during a meeting with Poland’s Prime Minister, Beata Szydło, on Wednesday in Warsaw.
According to him, Poland plays an important role in achieving this outcome.
Rõivas also expressed hope that the Alliance members will demonstrate a firm stance with regard to Russia’s actions in the Baltic Sea region.
“Russia constantly …
Ukrainian Finance Minister: Russia's debt recovery lawsuit could take up to two years
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 improved the outlook for Ukraine's banking system
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 will not renew its contract with Gazprom
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 …