#STOPTTIP ‘ Over 2-Million Europeans sign Petition over Agreement between EU & US ‘

#AceFinanceNews – Featured Report:MOSCOW:June.08: More than 2 million Europeans have signed a petition against the controversial free trade agreement between the European Union and the United States, which critics say benefits big corporations, not citizens.

TTIP Protesters call Agreement a Trojan Horse'
TTIP Protesters call Agreement a Trojan Horse’

The Stop TTIP activists originally planned to reach the 2-million threshold by October 2015.

The European Commission is scheduled to vote on the TTIP resolution on Wednesday.

Last month, campaigners called on the European Union to vote down the investor-state dispute settlement, which has been their major concern in the draft deal as they say it favors foreign investors.

Anti-TTIP activists have repeatedly pointed out that the deal was negotiated in notable secrecy, without due government or expert oversight.

The Stop TTIP group also opposes a free trade deal with Canada, known as the Comprehensive Economic Trade Agreement.

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RUSSIA: ‘ SEEKING EARLY REPAYMENT OF $3 BILLION LOAN TO UKRAINE ‘

#AceFinanceNews- RUSSIA:Jan.12: Russia says it may seek early repayment of a $3 billion loan to Ukraine. Russian news agencies quoted Finance Minister Anton Siluanov as saying on January 10 that Moscow had “every reason” to demand …Russia News reported.

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KIEV: ‘ AGREEMENT OVER PROVISIONAL GAS PRICE REACHED WITH RUSSIA ‘

#AceFinanceNews – UKRAINE (Kiev) – October 19 – Ukraine’s president confirmed that an agreement had been reached with Russia on a provisional price for gas deliveries during the winter months at Friday talks in Milan, AFP reports.

On the basis of consultations, I can say that Ukraine will have gas, will have heating,” Petro Poroshenko said in an interview to Ukrainian television on Saturday.

According to the president, the new price will be $385 dollars (300 euros) per 1,000 cubic meters, down from the current price of $485.

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UKRAINE: ‘ Taps into the European Trade Market to Mitigate Financial Losses on Russian Markets ‘

#AceFinanceNews – UKRAINE (Kiev) – October 2 – Ukraine will compensate almost fully for its financial losses on Russian market thanks to growing trade with Europe, acting Ukrainian Minister of Economic Development and Trade Anatoly Maksyuta told reporters on Thursday Tass reported.  

“I will open a secret which has not been made public yet. Our analysts have conducted a survey and have found that as for monetary flows we will make up seriously for losses on Russian market thanks to achievements on that in Europe. Almost fully,” he said.

Trade structure that Kiev had with Russia and the structure Kiev currently has with the European Union are different, Maksyuta added.

“I do not say that we started exporting to Europe the things we used to export to Russia,” he said. Maksyuta said that Ukraine used to deliver ultimate products to Russia, but now several companies have increased their export of component parts for car manufacturers in the EU.

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‘ EU Countries Planning to Tell Russia They Will Not Rewrite Ukraine Trade-Pact ‘

#AceFinanceNews BRUSSELS September 27 EU countries are planning to tell Russia it has no say on changing the Ukraine trade treaty despite its demand to rewrite the text.

The joint declaration, by the EU Council and European Commission, is to say the trade pact: “is a bilateral [EU-Ukraine] agreement and any adaptations to it can only be made at the request of one of the parties and with the agreement of the other”.

It notes Ukraine should “continue the process of envisaged reforms and economic modernisation” related to Titles III, V, VI and VII, of the pact.

It also says Ukraine should go ahead with “adequate preparation for the implementation of Title IV”.

Titles III, V, VI, and VII of the pact spell out reforms in the areas of justice and security, economic affairs, financial and anti-fraud matters, and institution-building.

Title IV deals with trade and the mutual lifting of tariffs on EU and Ukrainian exports.

The EU declaration is to be published in Brussels on Monday (29 September) by ministers at general affairs council.

Ministers will the same day adopt a legal act saying the bulk of the treaty is to be implemented “without delay”, but that article IV is to be implemented on 1 January 2016.

EU countries are also planning to extend “autonomous trade measures” – low or zero-rate tariffs for exports of most Ukrainian goods to Europe – from November until January 2016. But the legal text is not yet ready for adoption.

The delay of Title IV is in line with an EU-Russia-Ukraine deal on 12 September.

It comes after Russia threatened to impose trade sanctions on Ukraine on grounds it will be flooded by cheap EU goods re-exported from Ukraine.

The declaration on the “bilateral” mechanism for altering the treaty comes after Russia also demanded a role in altering the content of the text in the run-up to 2016.

Source:

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‘ Kiev Rejects Every Proposal Made by Russia for a Compromise ‘

#AceFinanceNews – BERLIN – September 26 – Russia wants to resolve the gas pricing dispute with Ukraine and has made a number of constructive proposals to tackle the problem which have been rejected in Kiev, Energy Minister Alexander Novak said in newspaper comments on Friday.

Infograph of Gas Exports 985517

Asked whether there were chances for a compromise, Novak told Germany’s largest business and finance daily, Handelsblatt: “We are interested in it anyway.”

The minister said the parties already had eight rounds of talks on the dispute and Russia made some constructive proposals for pricing and the settlement of Ukraine’s debts.

But Ukraine rejected them all,” Novak was quoted as saying.

Russia-Ukraine-EU gas talks

Russia, Ukraine and the European Union are scheduled to hold a trilateral gas meeting in Berlin on September 26.

Taking part in the consultations will be the EU outgoing energy commissioner Guenther Oettinger, Russian Energy Minister Alexander Novak and Ukrainian Energy Minister Yuri Prodan.

The focus will be made on Russian gas supplies to Ukraine and issues of energy security, a spokesman for the EU commission representation in Berlin told ITAR-TASS.

The key task of the talks is to ensure uninterrupted gas supplies both to Ukraine and the European Union in the coming winter

#ANS2014

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`Overseas Accounts to Hide Income Will Have to Share Information Under New US Plan’

#AceFinanceNewsUNITED STATES – June 03  – It will soon get a lot harder to use overseas accounts to hide income and assets from the Internal Revenue Service.

More than 77,000 foreign banks, investment funds and other financial institutions have agreed to share information about U.S. account holders with the IRS as part of a crackdown on offshore tax evasion, the Treasury Department announced Monday.

The list includes 515 Russian financial institutions. Russian banks had to apply directly to the IRS because the U.S. broke off negotiations with the Russian government over an information-sharing agreement because of Russia’s actions in Ukraine.
Nearly 70 countries have agreed to share information from their banks as part of a U.S. law that targets Americans hiding assets overseas. Participating countries include the world’s financial giants, as well as many places where Americans have traditionally hid assets, including Switzerland, the Cayman Islands and the Bahamas.

Starting in March 2015, these financial institutions have agreed to supply the IRS with names, account numbers and balances for accounts controlled by U.S. taxpayers. 

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‘ France Will Go Ahead With Two Mistral Helicopters Carriers Against US Opposition ‘

#AceFinanceNews – PARIS – May 30 – France will go ahead with the sale of two Mistral helicopter carriers to Russia‘s navy despite US pressure to halt the deal, the French Defence Ministry told ITAR-TASS on Friday.

Mistral_helicopter_carrier_ship_France_french_001

Contract liabilities will be honoured and finalised in October-November, the ministry’s press service said, confirming comment by President Francois Hollande visiting Berlin earlier this month.

Foreign Minister Laurent Fabius has also announced that the deal with go through, noting on a visit to Washington that Russia “had already paid more than half” of the contract cost and that “according to law, there is no possibility to say ‘no’ to the deal.”

He added, however, that France would take “a final decision” on this issue in October. “Let’s wait and see what the situation and legal regime will be like,” Fabius noted, referring to European Union sanctions on Russia over events in Ukraine.

The US has interfered with the France-Russia deal on the Mistral helicopter carrier: a group of democratic members of the Congress has sent a letter to NATO’s secretary general urging to persuade Paris to refuse from the deal with Moscow and to sell the warships to NATO. The initiative was supposed to become a “strong signal” to Russia concerning Ukraine.

The US has made several attempts to scuttle the contract, where the French authorities confirm the obligations are observed properly. France’s Foreign Minister Laurent Fabius said during his visit to Washington in May, Russia had paid over half the contract price and thus no legal grounds existed for saying “no.”

RT – TASS – Military News

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`We are Not Going to Pay 500 USD Per Thousand Cubic Meters of Gas Yatsenyuk ‘

#AceFinanceNews – BERLIN – May 28 – Ukraine’s government-appointed Prime Minister Arseniy Yatsenyuk has confirmed that Ukraine is ready to sue Russia at the Stockholm Chamber of Commerce Arbitration Institute over its dispute over gas prices.

“We are not going to pay 500 USD per thousand cubic meters of gas,” Yatsenyuk told an energy security conference in Stockholm.

“No one has the right to use gas as a political weapon. At the same time, Kiev admits there is an outstanding debt,” Yatsenyuk said.

 

Gazprom’s Chief Alexei Miller said that Ukraine’s outstanding debt for Russia might reach 5.2 billion dollars by June 7.

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` 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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