IMF says Ukraine's Bailout is at Risk
After the resignation of the Minister of Economic Development and Trade of Ukraine, Aivaras Abromavičius, the IMF has warned Kiev of a possible cessation of financial support. The Managing Director of the IMF, Christine Lagarde, stated on the 10th of February that it is difficult to imagine that the Fund could further support the country without significant efforts by the Ukrainian Government.
She also expressed concern about how slowly Ukraine is moving in the fight against corruption. The …
Russian Military Observers Accused of Intending to Distribute Instruction Manuals for Weapons in Ukraine
Ukrainian law enforcement authorities have accused two Russian military observers of attempting to distribute instruction manuals for rocket launchers, hand grenades, and mines, as well as teaching material concerning modern tank warfare, as reported by Interfax on February 9th.
“On the 2nd of February 2016, our investigation brought a criminal case under Article 333 of the Criminal Code of Ukraine (violation of the procedure for transfer of goods, which are subject to State control). The …
Turkey's FIBA Holding puts Russian Bank up for Sale
Russia’s business daily, Kommersant, reported that the bank with the largest holdings of Turkish capital, Credit Europe Bank, is for sale in Russia. According to the representatives of the publication, the sale is being made due to the deterioration of Russian-Turkish relations, as well as the overall economic stagnation in Russia. One of the sources in the banking market reported that the search for potential buyers for Credit Europe Bank started in the middle of January.
Financial giant …
Poroshenko: MPs shouldn't have absolute parliamentary immunity
On the 9th of February, at a meeting with employees of the National Anti-Corruption Bureau of Ukraine, the President of Ukraine stated that MPs don't need absolute parliamentary immunity.
“I didn’t wait until the People’s Deputies took the initiative to develop draft constitutional amendments concerning the revocation of parliamentary immunity. The Verkhovna Rada of Ukraine voted in favor of it and for sending it to the Constitutional Court. Then, they became very busy and they didn’t have the …
Traffic blocked in Crimea due to transport of Russian military equipment
In the Crimean city of Simferopol, traffic was blocked for 40 minutes on Thursday due to the transport of Russian military equipment. The column of military hardware was being transported from Sevastopol to Belogorsk, reported Krym.Realii.
The column of equipment from Russia's Black Sea Fleet included armored fighting vehicles, KAMAZ cars for personnel transport, Ural vehicles, and field kitchens.
Since the annexation of Crimea, the movement of Russian military equipment on the peninsula has …