#AceFinanceNews – KIEV – April 22 – The USA will provide aid to Ukraine worth $50 million for carrying out political and economic reforms. This assistance is aimed at strengthening partnership between the US and Ukraine, says the White House’s statement published on Tuesday.
Of the mentioned sum, $11.4 million are designated for holding presidential elections in Ukraine that are scheduled for May 25. These funds are intended to support democratic processes, and not to aid any specific candidate, the White House stated.
In addition, the USA will provide $8 million to aid Ukraine’s armed forces, but this assistance does not envisage arms shipments. These funds are meant to be used for buying communication systems, engineering equipment and transport facilities.
The White House published this statement along with the visit of US Vice President Joseph Biden to Ukraine. Biden is holding negotiations with the Ukrainian leadership in Kiev.
#AceFinanceNews – ROME – April 19 – The Italian authorities have granted the refugee status to the wife of Kazkhstan’s big business tycoon Mukhtar Ablyazov – Alma Shalabayeva – and her under-age daughter.
The decision was made by a special commission for international protection under the country’s Interior Ministry.
Shalabayeva and her little daughter were expelled from Italy on the 30th of last May after police held an operation at a villa near Rome in an attempt to arrest Ablyazov, whose name features on Interpol’s wanted list.
He is wanted in Kazakhstan, Russia and Ukraine for gross embezzlement.
#AceFinanceNews – MOSCOW – April 19 – If Kiev does not settle its gas debts with Moscow within a month, Gazprom will be forced to switch to a system of advance payments, President Putin has said, adding that the measure has nothing to do with May’s upcoming presidential election in Ukraine, RIA Novosti reports.
“Moscow is willing to tolerate” the continuing absence of payments for another month, Putin said during a live Q&A session on Thursday, adding that this is stipulated in the existing contracts.
“We don’t mix economics with the political process in Ukraine,” the President continued. “We were simply awaiting the receipt on April 7 of the money owed for the March for gas in March… this was $525 million. Not a cent… by the way, it was being transported at the lowest price, with all possible discounts.”
#AceFinanceNews – UKRAINE – April 18 – Several Russian companies are withdrawing their business from Ukrainian TV ads due to the unstable political situation and looming economic crisis, Russian newspaper Izvestiya reported, citing Media First Ukraine director Roman Shihutsko.
Some of the companies that will no longer be investing into Ukrainian ads include Yandex, MTS, Alfa-Bank, and VTB.
#AceFinanceNews – KIEV – April 17 – Ukraine will protect its right for free trade with Russia, the parliament-appointed Ukrainian premier Arseniy Yatsenyuk has said.
“This right will be protected by all means, including through the WTO (World Trade Organization),” Yatsenyuk said on Thursday.
“You know the situation: Russia’s markets have long been closed to us despite bilateral agreements,” he said.
“We’ll defend our right to free trade with all countries, including Russia” Yatsenyuk said.
#AceFinanceNews – KIEV – April 16 – Ukraine’s acting prosecutor general, Oleg Makhnitsky, says that criminal proceedings have been launched against 14 banks – including Russia’s biggest bank, Sberbank, RIA Novosti reports.
#AceFinanceNews – KIEV – April 16 – Chairman of the National Bank of Ukraine Stepan Kubiv has declared that earlier reports alleging that one of the Russian banks was financing supporters of the establishment of a federal system in Ukraine have not been confirmed, the bank chairman declared before a session of the Ukrainian Rada opened on Wednesday.
‘”The reports have not been confirmed,” local media agencies quoted him as saying.
On Tuesday, Ukraine’s Security Service (SBU) opened a criminal case against an employee of one of the Russian banks. SBU press service claimed that the Russian bank had been financing supporters of the establishment of a federal system in the east of Ukraine.
However, the exact name of the Russian bank, which aroused suspicion in Ukraine, was not disclosed.
#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.
#AceBreakingNews – VIENNA – April 11 – EUROPEAN UNION – EU Commissioner for Energy Gunter Oettinger is drafting proposals for how to pay off Ukraine’s debt to the Russian supplier of natural gas, OAO Gazprom, Oettinger said Friday speaking to O1 Austrian Public Radio as he visited Vienna.
He said along with it he personally thought that only a part of the bills Gazprom had issued to Ukraine contained grounded total sums to be paid.
#AceFinanceNews – WASHINGTON – April 11 – Ukraine’s parliament-appointed Finance Minister Oleksandr Shlapak, claims that Ukraine has complied with all terms necessary for getting the first tranche of financial assistance from the IMF.
“We are here for a more specific discussion of the time and conditions of [international] support,” Shlapak told the media in Washington where the spring meeting of the IMF and World Bank is under-way.
“Moreover, Ukraine has met all of the IMF conditions for getting the first tranche.”
The IMF earlier said it would be prepared to extend to Kiev $14-18 billion within the framework of overall international assistance of $27 billion within two years.
IMF Managing Director Christine Lagarde said on Thursday the Fund’s program for Ukraine might be presented to the IMF Board of Governors late April or in early May.