Poroshenko: Ukraine has Survived First Winter without Russian Gas
The President of Ukraine, Petro Poroshenko, said that the country has demonstrated its independence from Russian gas during the autumn-winter heating season, as reported by Interfax-Ukraine.
"Russia thought that they would bring us to our knees by offering gas at $212/cubic meter. I discussed this with the Minister who called Russia and said: 'No, we will not take your gas,'" Poroshenko stated.
According to Poroshenko, Ukraine now buys gas from Europe, which costs less than buying gas from …
OSCE: Situation in Donbas region remains highly volatile
Deputy Chief Monitor of the Organization for Security and Cooperation in Europe's (OSCE) Special Monitoring Mission (SMM) to Ukraine, Alexander Hug, held a news conference in Kiev in which he outlined the general security situation in the Donbas region. Hug highlighted several areas in eastern Ukraine where tensions are rising between the Ukrainian Armed Forces and Russian-backed separatists of the so-called Donetsk People’s Republic (DPR) and the so-called Luhansk People’s Republic (LPR).
The …
Europe Plans to Close its Market to Russian Metal Imports
The European Commission plans to introduce anti-dumping duties on cold-rolled flat metal products from China and Russia, as reported by Reuters on January 28th, citing sources familiar with the plans of the commission.
Officially, the introduction of the new policy will be announced on February 14th, and will be finalized on August 12th, provided the anti-dumping investigation confirms the underpricing accusations, according to the website of the European Commission. Usually, anti-dumping …
Court in Ukrainian city of Rivne seizes Sberbank accounts
The Rivne City Court has ruled to seize the accounts of Sberbank of Russia for UAH 8.5 billion (appromately $330 million). This decision was made on the 26th of January during the consideration of Evgeny Puhalskiy’s lawsuit. Puhalskiy requires the bank to return his funds amounting to EUR 325 million. The 33-year-old entrepreneur has been in the process of suing Sberbank of Russia since September of 2015.
Initially, the entrepreneur planned to donate the interest of EUR 24 million to the …
Sanctions against Yanukovych's Inner Circle could be Reduced in March
In March, the list of EU sanctions against Yanukovych's supporters may be significantly reduced. Ukraine has not yet proven the illegality of the funds withdrawn overseas by ex-officials.For almost two years, Ukrainian law enforcement officers have been investigating the economic crimes of ex-President Viktor Yanukovych and his associates. During this time the European Union has levied sanctions against former Ukrainian officials by blocking their accounts in European banks. According to the …