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Dragon Capital: Investments in Ukraine are growing faster than expected
Foreign direct investments in Ukraine are growing faster than expected. According to Dragon Capital investment company, nearly $2 billion was “poured” into the Ukrainian economy between January and April. Data from last year suggested that $4 billion was expected for the whole year. Ukrinform reported that this was said by the CEO of Dragon Capital, Tomas Fiala.
“If you look at the statistics on foreign investment over the last two years, there are some improvements. In 2014, the amount …
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IMF board of directors to consider further cooperation with Ukraine next month
The issue on the International Monetary Fund’s continued cooperation with Ukraine on the EFF program will be taken under consideration by the IMF Board of Directors in July, reported Jerry Rice, the official representative of the IMF. “When can we expect the meeting of the Board of Directors? We expect that it will take place in July after the implementation of preliminary conditions by Ukraine, which are necessary for fiscal and financial stability,” Rice stated during a press briefing in …
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Ukrainian Ambassador angered by Ban Ki-moon's praise of Russia's role in Ukraine's peace process
Ukraine’s Permanent Representative to the United Nations (UN), Volodymyr Yelchenko, has voiced his anger at statements made by the UN’s Secretary General, Ban Ki-moon.
Ki-moon has said that Russia should play a crucial role in ending the conflict in Donbas.
According to Yelchenko, he does not understand how the head of the UN can “make statements, which are actually praising Russia’s role in resolving the conflict, when Russia is actually a major player in aggression towards Ukraine and in …
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US to provide Ukraine with $220 million to carry out reforms
The total amount of US assistance for Ukraine is estimated at $1.3 billion since 2014
After a meeting between Ukrainian Prime Minister Vladimir Groysman and U.S. Vice President Joe Biden, the White House press service reported that the U.S. intends to allocate $220 million of new aid for Ukraine to carry out economic, political and energy reforms.
"This aid package will continue to support Ukraine's efforts to strengthen democratic institutions and the rule of law, the foundations for …
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EU sanctions against Crimea extended
On Friday, the EU Council extended sanctions against the Crimea, according to a report released by the Council.
The sanctions, which were due to expire next Thursday, are now set to expire on June 17th, 2017.
The sanctions include a ban on exporting EU goods to the Crimea as well as investing in the Peninsula and operating tourist services.
It is expected that sanctions against Russia will be extended for its annexation of the Crimea and its role in the war in eastern Ukraine.