IMF says it is ready to help Ukraine implement reforms

Ukrainian Prime Minister Vladimir Groysman and the Director of the IMF's European Department, Poul Thomsen, discussed the further cooperation between Ukraine and the IMF.

"At hard times like this, support is of utmost importance for Ukraine, especially the support of the IMF. But we also consider our cooperation as an opportunity to implement structural reforms which will make it possible to transform Ukraine from a post-Soviet state into a modern European country," Groysman stated during the …


US law firm to defend Ukraine in dispute with Russia over assets in Crimea

The Ukrainian Ministry of Foreign Affairs hired the U.S. law firm Covington & Burling for $3.676 million to the protect Ukraine's interests in the international arbitration dispute with Russia over the annexation of the Crimea. The company has a reputation for successfully protecting clients' interests at various levels against the Russian Federation.

The contract with Covington & Burling was signed on May 5th. The term of the provision of legal services lasts until December 31, 2016.

In …


Ukraine and China outline steps necessary to simplify visa regime

In the course of consultations in Kiev, heads of the consular services of Ukraine and China have agreed on a number of steps to simplify a mutual travel regime for the citizens of the two countries.

According to the Facebook post of the Department of Consular Service of the Ministry of Foreign Affairs of Ukraine, the ministry held top-level consular talks with China. The event was attended by the representatives of the Ministry of Foreign Affairs, Ministry of Internal Affairs, the …


Saudi exports of oil to Poland alarm Russian oil companies

The Polish company Orlen has entered into a contract to receive oil from Saudi Arabia, provoking anxiety among Russian oil companies, as reported by Radio Poland. It is the first contract of its kind in Eastern Europe and may be followed by more. This can call into question the positions of traditional suppliers from Russia, headed by Rosneft.

The head of Rosneft, Igor Sechin, has been afraid of this scenario since October of last year, the edition notes. He warned that the reduction of prices …


Germany to expand its army due to tensions with Russia

Germany plans to increase the size of its armed forces for the first time since 1990 due to tensions with Russia. “The Bundeswehr is expected to recruit an additional 14,300 troops over the next seven years; 4,400 civilian staff will be recruited as well,” Ursula von der Leyen, the German Minister of Defense, said on Tuesday.

According to her, the expansion of the German army is necessary, owing to the current situation of increased tensions with Russia due to the conflict in Ukraine and also …