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The war in the Donbas has deprived Ukraine of a fifth of its GDP
The Institute for Economics and Peace (IEP) in Sydney published the Global Peace Index 2017. According to it, Ukraine's economic losses from the conflict in the Donbas in 2016 amounted to 20.4% of the nation’s GDP. In other words, the economic cost of violence in the country is $66.7 billion according to the index of purchasing power.
As follows from the rating, Iceland is recognized as the most peace-loving country. New Zealand is a close second while Portugal took third place. Austria is …
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Russian space company buys 12 rockets from Ukrainian state-owned enterprise
The Ukrainian enterprise "Southern Machine Building Plant" ("Yuzhmash") has concluded a contract with the Russian company S7 Sea Launch for the production and delivery of 12 Zenit launch vehicles. This was reported on the website of the Ukrainian company.
"The contract stipulates the production of 12 launch vehicles for use in the Sea Launch and Ground Launch programs," the report said. The company explained that rockets are needed "for the exploration and use in outer space for peaceful …
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Kyiv bans Ukrainian banks from serving Russian companies hit by sanctions
The National Bank of Ukraine approved a procedure for banks to implement the decision of the National Security and Defense Council of Ukraine (NSDC) on the application of personal special economic sanctions against a number of Russian companies, including Russian social networks VKontakte, Odnoklassniki, and resource sites Yandex, Mail.ru and accounting program 1C, as reported by UNIAN, citing Resolution No. 46 on the website of The National Bank of Ukraine.
As noted, beginning June 3, banks …
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Ukrainian Politician: Ukrainian Armed Forces are gradually moving deeper into the Donbas
The Ukrainian Armed Forces are gradually moving deeper into the uncontrolled territory of the Donbas, driving separatists out of the so-called “gray zone.”, as reported by the Deputy Minister for the Temporarily Occupied Territories and Internally Displaced Persons, George Tuka, in an interview with the site 112 Ukraine TV channel.
He stressed that the territories occupied by the Ukrainian Armed Forces belong to Ukraine in accordance with the Minsk agreements.
“We talking are about the …
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Yandex decided to close its offices in Ukraine
Yandex has decided to close its offices in Kyiv and Odessa because of the sanctions imposed by Ukraine, as reported by Interfax."Yandex.is included on the sanctions list and in fact is unable to conduct business in Ukraine. In particular, all accounts of the company are frozen so we cannot pay salaries to our employees. Therefore we decided to close offices in Kyiv and Odessa," the representative of the company, Ochir Mandzhikov said. He noted that the staff will be offered positions in other …