#AceFinanceNews SIMFEROPOL April 14 QHA Crimea to shorten…

#AceFinanceNews – SIMFEROPOL – April 14 – (QHA) – Crimea to shorten the period of time during which the Russian Ruble and Ukrainian Hryvnia will simultaneously circulate in the region due to the declining value of the Hryvnia, Crimean vice premier Rustam Temirgaliyev announced.

“Amid declining value of the Hryvnia and the possibility of default in Ukraine we have to reconsider the terms of operating two-currency system in the region. We discuss the possibility of a withdrawal of Hryvnia in a short period of time”- he said.

“We discuss the possibility of a significant withdrawal of Hryvnia in case of unrestricted exchange of the Ruble and Hryvnia along with deposit compensation from Ukrainian banks in Crimea Deposit Insurance Agency (DIA).

DIA already opening its offices in Crimea”- Temirgaliev added.


#crimea, #crimea-deposit-insurance-agency-dia, #hryvnia, #ruble, #russian, #simferopol, #ukraine, #ukrainian

#AceFinanceNews SIMFEROOL March 29

#AceFinanceNews – SIMFEROOL – March 29

The banking system in Crimea, which separated from Ukraine and rejoined Russia after a secession referendum on March 16, will start operating at full capacity from March 31,Crimean Prime Minister Sergei Aksyonov said.

#afn2014, #crimea, #crimean-prime-minister-sergei-aksyonov, #russia, #simferopol, #ukraine

Shops and Supermarkets in `Crimea ‘ prepare for ` Change-Over ‘ to the `Russian Rouble ‘ on March 24 ‘

#AceFinanceNews – SIMFEROPOL,- March 23 – Shops in Crimea are getting ready to change over to pricing in Russian roubles after but some retailers will be unable to do it as of Monday, March 24 because of technicalities.

An Itar-Tass reporter could see it while making a tour of several supermarkets in Simferopol and Sevastopol.

Labels with dual prices have appeared in some department stores. The prices in Ukrainian hrivnas as converted into roubles at a fixed exchange rate of 3.8 roubles per one hrivna.

Shops of the Epitsentr hypermarkets of construction materials and household appliances are distributing leaflets that say ‘Some prices in roubles and hrivnas’.

However, dual prices have so far been appointed for the commodities of 1,000 and more hrivnas apiece.

Along with it, neither cashiers nor managers at an Epitsentr hypermarket in Simferopol were able to tell whether the transactions in roubles would begin Monday – the day on which the rouble would become the official monetary unit in Crimea.

“At this moment, our cash registers are aligned to pricing in hrivnas,” a manager told Itar-Tass.

Ace Related News
1. 20 March – `6.22 GMT – #AceFinanceNews – The Russian rouble will officially adopted in Crimea on March 24, Crimean State Council (parliament) Chairman Vladimir Konstantinov said on Thursday, March 20. http://wp.me/pzTwj-2Lr

Tass and Russian Finance News


#crimea, #hrivnas, #rouble, #sevastopol, #simferopol

` Russian Food Companies Stand Prepared and Ready to Deliver Food Products to `Crimean Trading Networks ‘

#AceFinanceNews – SIMFEROPOL – March 21 – Over 200 Russian companies are ready to deliver food products to Crimean trading networks.

These are essential foods such as cereals, vegetables, melons and gourds, meat and meat products, eggs, bread and baked products, wheat flour, vegetable oil, spices, canned meat and fish, and tea, says a report of the Ministry of Economic Development and Trade of the Republic of Crimea.

The suppliers mentioned include Wimm-Bill-Dann, Petelinka, Rusagro Group of Companies, Russkoye more, Mistral.

There is no shortage of food products in local shops so far, and these are preventive measures, Irina Prokhorenkova, the first deputy minister of economic development and trade of the Republic of Crimea, told Itar-Tass.

She recalled that the Supreme Rada (parliament) of Ukraine on Thursday passed in the first reading the bill “On the legal regime to ensure the rights and freedoms of citizens on the occupied territories of Ukraine”. “If this document is passed in the final reading, Crimea will be cut off from Ukraine.

The borders will be blocked; export and import and the travel to and from Crimea will be restricted,” she said. “So it will be necessary to supply food products to Crimea from the mainland part of the Russian Federation,” the deputy minister noted.

What is more, Prohkhorenkova added, Crimean producers will not be able to deliver their products to other Russian regions overland, via Ukrainian territory, and will have to rely on transportation by sea.

The deputy minister has said prices in Crimean stores now rose slightly, by five to ten percent. “We follow the situation with prices daily,” Prokhorenkova stressed.

Russian News and Product Related Sources.


#crimean, #ministry-of-economic-development-and-trade-of-the-republic-of-crimea, #russian, #simferopol

AceFinanceNews SIMFEROPOL Crimea has announced the Russian rouble…

AceFinanceNews – SIMFEROPOL – Crimea has announced the Russian rouble its official currency, which will be in circulation along with the Ukrainian Hryvnia until January 1, 2016.

Crimea will also temporarily use Ukraine’s Budget and Tax Codes pending the adoption of its own budget and tax legislation. Tass


#acefinancenews, #crimea, #hryvnia, #itar-tass, #rouble, #russian, #simferopol, #ukraines