Prime Minister Denys Shmygal speaks during a press briefing in the Cabinet of the Ministers building in Kyiv, on March 11, 2020.Photo by Volodymyr Petrov Ukraine’s gross domestic product will shrink by 3.9% this year, according to a new government estimate. The government’s initial forecast for 2020 was positive: GDP would grow by 3.7%. Now, because of the COVID-19 pandemic, it

The bill envisages the possibility of compensation for losses and lost profits for the former owners of banks, whose liquidation or nationalization will be declared illegal17:58, 30 March 2020Verkhovna Rada Reuters Verkhovna Rada of Ukraine has approved the Bill № 3260 “On amendments to the legislative acts of Ukraine on improving some mechanisms for regulation of banking activities”. 267 MPs voted in favor.

Russians, long used to financial and political crises, are reacting to the coronavirus pandemic by bulk-buying the essentials for life in isolation — including condoms. Here are five things they are stocking up on:  Buckwheat  Buckwheat — or grechka, as it is known locally — is a staple food in Russia and can be eaten both as a side dish or a

The president says this is now lawmakers’ responsibility. Zelensky says two bills need to be passed to secure support from donors / Photo from UNIAN Ukrainian President Volodymyr Zelensky says there is default looming if Ukraine’s parliament fails to pass two important bills. “I would also like to speak about the special session of the Verkhovna Rada of Ukraine, which

Wealthy Russians have long been deceived in Western countries for their own money, Russian Foreign Ministry spokeswoman Maria Zakharova wrote on her Facebook page. “You’ve been fooled for years for your own money. You’ve been fooled and paid with gold for ruin, for the illusion,” she said. According to her, “very rich” Russians informed her about the medical collapse in London

Major General Igor Bozhkov, who previously worked in the Russian Interior Ministry, was appointed the acting director of the Institute of Theoretical and Experimental Physics (ITEP). Bozhkov was previously involved in the corruption case. The order to appoint an ex-policeman has been published on the institute’s website. According to publication the Project, Bozhkov had never been involved in science before, but

Russian oil giant Rosneft announced that it is terminating operations in Venezuela and will be selling its assets in that country. “Today, Rosneft entered into an agreement with a company 100% owned by the Government of the Russian Federation to sell shares and cease its participation in all projects in Venezuela, including shares in Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria,

Krasnodar Krai Governor Veniamin Kondratyev has ordered all hotel room reservations and check-ins to be suspended from March 28 to April 5. The temporary ban also applies to resorts and sanitoriums, according to a document published on the website of the governor’s administration. “Nobody’s going to kick out tourists who are already living in hotels and sanitoriums. But starting March

During the first two years, individuals will be able to buy no more than 100 hectares each17:21, 28 March 2020  MPs intend to introduce new amendments to the bill No. 2178-10 “On the turnover of agricultural land”, which suggest a delay in launching the market until July 1, 2021. This became known from the statement of the Servant of the People

“Ukraine does not intend to include into its Constitution the special status of the occupied territories of Donetsk and Luhansk regions,” said Ukrainian Prime Minister for the Reintegration of Temporarily Occupied Territories Oleksii Reznikov in an interview with RBC-Ukraine. According to Reznikov, the Russian representatives in the Trilateral Contact Group (TCG) for peaceful settlement in the Donbas are constantly trying to

Ukrainian lawmakers Oleksandr Dubinsky and Ihor Palytsia, who are connected to former PrivatBank owner Ihor Kolomoisky through their previous positions, on Wednesday registered bills which provide alternatives to another bill which was submitted by the government on Tuesday and was unofficially dubbed “the anti-Kolomoisky bill,” which is required in order to launch a new program with the International Monetary Fund

27.03.2020 10:25 Russia’s Gazprom has significantly reduced gas transit through Ukraine because of the economic crisis in Europe, according to CEO of NJSC Naftogaz of Ukraine Andriy Kobolyev. “We see that this is taking place because of the crisis in Europe, Gazprom is pumping significantly less gas than last year due to less consumption. Europe is oversupplied with gas,” Kobolyev

Occupation authorities of the “DNR/LNR” refuse to resume the work of the Donetsk Filtration Station (DFS) until their recognition as subject of the direct negotiations with Ukraine. MP Musa Magomedov wrote this in his Telegram Channel. “Bad news. There will be no water (in Avdiivka – OstroV) today. Representatives of CADLO issue an ultimatum – constructive proposals on the DFS

The Russian party has completely stopped the access operations on entry through Ukraine’s uncontrolled section of the state border with the Russian Federation since Thursday evening, March 26. This was reported by residents of the occupied territories of Donbass on social networks. Eyewitnesses write that the Russian party does not let out any of the citizens of Ukraine, including those

Respective materials, being collected since 2014, have already been included in the evidence base of a case to be considered by the arbitration court in The Hague. The Russia-seized ‘Tavrida’ drilling rig / Photo from UNIAN A Ukrainian coastal patrol jointly with Ukrainian border guards have spotted two self-elevating drilling rigs with the Russian flag, which were accompanied by a patrol

Last week, Alla Komissarova sent a letter to her landlords, asking them to show a little flexibility towards the rent due for her two Moscow chocolate workshops over the next few months. Hand-made cakes and artisanal confectionery are not top of many Muscovites’ shopping lists as consumers start to worry about the looming economic hit from the coronavirus pandemic, and