` Vladimir Putin Voices Hope for Settling Ukraine’s Debt ‘

#AceFinanceNews – MOSCOW – May 28  – Russian President Vladimir Putin has voiced hope for settling a dispute with Ukraine that could cut off Russian gas supplies to Europe.

In televised remarks at Wednesday’s Cabinet session, Putin signalled that Russia could negotiate new terms for gas shipments to Ukraine if it pays off part of its debt.

Energy Minister Alexander Novak reported at the session that Ukraine must pay $2 billion before Friday and another $500 million before June 7. Once Ukraine makes the first payment, Russia could negotiate a price discount for future supplies, he said.

Moscow has ratcheted up pressure on Ukraine after its pro-Russian president was chased from power in February after months of protests. Since then, Russia annexed Ukraine’s Crimean peninsula and a pro-Russia insurgency has engulfed eastern Ukraine.

Moscow Times

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` Ukrainian Raiiffeisen Bank Aval International Temporarily Closes its Doors in Donetsk and Luhansk Regions ‘

#AceFinanceNews – MOSCOW – May 05 – Ukraine’s Raiffeisen Bank Aval, a subsidiary of Raiffeisen Bank International, has temporarily closed branches in Ukraine’s eastern Donetsk and Luhansk regions, the bank said on Monday( Itar-tass) reported.

“Three branches of Ukraine’s Raiffeisen Bank Aval in the Luhansk region and 22 branches in the Donetsk region have been closed down temporarily on May 5,” Leonid Zyabrev, a spokesman for the bank said, adding that customers could access their money from cash machines and could still use their credit cards.

Earlier, Ukraine’s biggest bank, Privatbank, also halted operations in the Donetsk and Luhansk regions, saying the situation in eastern Ukraine posed a threat to staff safety.

The bank said its clients could access their accounts via the Internet and mobile devices, use their cards in shops and make cashless transactions at self-service terminals.

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` Bosco Russia’s Leisure and Sportswear Outfitter’s Closing All 6 Stores Operating in the Ukraine and Crimea ‘

#AceFinanceNews – MOSCOW – April 01 – Sochi Olympic kit and leisure sportswear outfitters, Russia’s BOSCO stores are withdrawing from the markets of Ukraine and Crimea, representatives told (Tass) on Tuesday.

A store executive based in Crimean Yalta could not say what had prompted the decision to close the store now located in Russia since Crimea’s accession to the Russian Federation.

All six stores operating in Ukraine and in Crimea will be closed.

There are two boutiques in Kiev, others in the cities of Kharkov and Donetsk in Ukraine’s mostly Russian-speaking east , and in the Black Sea city of Odessa in Ukraine’s south.

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