News

Russia vetoes MH17 tribunal resolution

Russia has used its veto at the UN to block a draft resolution to set up an international tribunal into the MH17 air disaster in July 2014.

It was the only nation at the 15-member UN Security Council to oppose the move, triggering widespread condemnation.

The Malaysia Airlines flight from Amsterdam to Kuala Lumpur crashed in eastern Ukraine, killing all 298 people on board.

Pro-Russian rebels in the area have denied shooting down the aircraft.

OSCE: Parties ready for level of escalation not witnessed before

The OSCE has recorded an increase in the number of heavy weaponry along the contact line in the ATO area and the lack of heavy weapons in the places of storage, where they had been previously stationed.

Deputy Chief Monitor of the OSCE Special Monitoring Mission to Ukraine, Alexander Hug said this at the briefing in Kyiv on Tuesday, an Ukrinform correspondent reports.

Russia to block UN resolution on MH17 tribunal

The Russian Federation pledges to veto the UN Security Council resolution on setting up an MH17 international tribunal, if the document gains nine votes required for its adoption.

This was stated by Vitaly Churkin, Russia's Permanent Representative to the UN.

"We will vote against it. I have no doubt in this. If the resolution gains nine or more votes, it will be vetoed," he said.

Import duties to be canceled from January 1 - Finance Ministry

Additional import fee, which was introduced in February of this year in order to stabilize the balance of payments of Ukraine, will be canceled from January 1, 2016.

Deputy Finance Minister Olena Makeyeva said this at the collegiums of the Finance Ministry on Monday, an Ukrinform correspondent reported.

"We have already decided that the additional import duty will be abolished from January 1, 2016," she said.

As a reminder, the Parliament voted for the bill to introduce an additional import fee of 5% and 10% from January 1, 2015.

Yatseniuk: State budget 2016 to be more complicated than this year's budget

State Budget of Ukraine 2016 will be more complicated because of drop in incomes of the National Bank by UAH 40 billion, abolition of import duties, providing subsidies, and index-linking.

Prime Minister of Ukraine Arseniy Yatsenyuk said this at the Finance Ministry board meeting on Monday, an Ukrinform correspondent reports.

"The budget of 2016 will be even more complicated than the budget of 2015," Yatsenyuk said.

According to him, this is due to a significant decline in revenues from the National Bank of Ukraine, which is estimated at UAH 40 billion.

IMF approves another tranche amounting to $1.7 bln to Ukraine

Ukrainian President Petro Poroshenko has said the International Monetary Fund (IMF) will provide Ukraine with another tranche of $1.7 billion.

"I can give you a report on this week: $1.7 billion as a result of the support of the reforms and the recognition that the president, the parliament, and the government are implementing reforms and these reforms are fully in line with the stated program, Ukraine has received $1.7 billion from the IMF. The decision was made this week," Poroshenko said in an interview with STB television on Saturday evening.

Seventh wave of mobilization not planned this year

The seventh wave of mobilization in Ukraine is not planned this year, but it may be declared in case of a serious deterioration of the situation in Donbas.

This was announced by spokesperson for the General Staff of the Armed Forces of Ukraine Vladyslav Selezniov.

Selezniov noted that three waves of mobilization were scheduled for 2015, the fourth, the fifth and the sixth, which is ongoing now. The next wave is not reported on officially, but its possibility is not ruled out.

Ukraine signs two loans $800 million combined and gets $200 million of assistance

Ukraine signed the loan agreement worth $500 million with the World Bank, and the loan agreement worth $300 million with Japan.

Economic Development and Trade Minister of Ukraine Aivaras Abromavicius has posted this on Twitter.

"After a year, we finally signed a loan worth $500 million with the World Bank and worth $300 million with Japan. For budget needs," he posted.

Abromavicius thanked Finance Minister of Ukraine Natalie Jaresko, the Parliament, the Cabinet of Ministers, the Japanese government and the World Bank for help.

Kyiv meets all IMF criteria, expects positive decision on next tranche on July 31 - Yatseniuk

The Ukrainian government has fulfilled all the requirements of the International Monetary Fund and looks forward to a positive decision of a meeting of the IMF Executive Board on July 31 concerning the disbursement of the next tranche of the financial assistance under the Extended Fund Facility (EFF), Ukrainian Prime Minister Arseniy Yatseniuk has said.

Mukachevo conflict not to affect visa-free regime - Brok

The situation with the Right Sector in Zakarpattia region will not have a direct impact on liberalization of the visa regime between Ukraine and the EU, however, there should be a state monopoly of use of force.

Chair of the European Parliament's Foreign Affairs Committee Elmar Brok said this at the briefing in Kyiv on Friday, an Ukrinform correspondent reports.

Pages

Expat Poll

How confident are you about Ukraine's ability to make progress compared to 2016?

.