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Ukraine to sue Russia on gas issue: Cabinet ordered to prepare for ‘gas war’
UKRAINE · In Brief · 13 Jun 2014

Arseniy Yatsenyuk, prime-minister of Ukraine, ordered the Cabinet to get prepared for gas supplies' cutoff starting Monday, he wrote on his Facebook page today. The authorities finally start a trial with Gazprom at the Stockholm Arbitration Court over the gas contract. It is for the first time in...

Ex-mediamagnat appointed Head of President Office
UKRAINE · In Brief · 10 Jun 2014

Boris Lozhkin, ex-owner of UMH media group, was appointed Head of President Office today. In fact impression about this first personnel decision of Poroshenko is quite mixed. Boris Lozhkin is a successful businessman who made his fortune by creating best journals and magazines at the country. And...

Fending Off the Aggressor
UKRAINE · Report · 27 May 2014

Executive Summary Criminal violence is exploding throughout Eastern Ukraine, while the economy sinks further into the red. Yet positive developments under the surface lead us to take an optimistic outlook. Ukrainian society is sick, and the road to recovery will be hard. But at least the patient ...

Exit-Polls: Poroshenko Wins in First Round. Tough Work on Civil Control is Ahead.
UKRAINE · In Brief · 25 May 2014

Petro Poroshenko gets 55.9% in first round according to the National Exit-Poll. Real results might differ but we already know the name of fifth Ukrainian president. The good news is that after inauguration more decisive actions at the eastern Ukraine could be launched. The bad news is that Petro ...

Elections: Poroshenko Might Win in First Round. ‘Cleaning’ East, New Parliament Elections and Real Decentralization are the First Steps Ukrainians Demand
UKRAINE · In Brief · 24 May 2014

The main intrigue of president elections 2014 – whether Petro Poroshenko wins in first round or he needs second round to get his prize. Surveys (mid-May) in one voice give him the victory in this way or another and it is very unlikely that the final result will be too much different. It is not th...

Another ‘referendum’? Or just opinion-poll?
UKRAINE · In Brief · 12 May 2014

On May 11 separatists did organize the widely advertised ‘referendum’. Bulletins printed on common printers. Only few polling points (instead of few hundreds needed). No passports or other IDs needed to vote. Some cities are voting for Donetsk National Republic, some cities are voting for merging...

Fight for Odesa: Putin’s ‘Stalingrad defeat’?
UKRAINE · In Brief · 03 May 2014

The events which happened yesterday in Odesa could be hardly overestimated. Moscow has made an attempt to capture Odesa and create one more point of tension in Ukraine. The plan failed disregard silent support of local police and secret service – people managed to defend themselves from Russian t...

IMF Approves 2-Year $17.01 billion Stand-By Arrangement for Ukraine
UKRAINE · In Brief · 01 May 2014

The IMF Executive Board approves 2-year $17.01 billion stand-by arrangement for Ukraine. The first wire ($3.19 billion) will arrive on Monday. About $2 billion from the first wire will be allocated to the budget support. The next two wires will be subject to bi-monthly performance reviews. Accord...

With Pro-Ukrainian Sentiment Strengthening, Outlook is Positive
UKRAINE · Report · 29 Apr 2014

Executive Summary Ukrainian authorities haven’t yet been very effective in fighting Russian invaders: rather, they’ve been careful to avoid injuring innocent civilians. And, due to Ukrainian indecisiveness, pro-Russian activists have begun terrorizing local residents. Slovyansk and Kramatorsk, sm...

Ukraine to issue $1 billion under US state guarantees
UKRAINE · In Brief · 15 Apr 2014

Yesterday the U.S. and Ukrainian governments signed a loan guarantee agreement for $ 1 billion. Today Ukrainian Minfin announced its intention to issue $1 billion Eurobonds. In fact, it is a very positive signal for the country given all tough conditions Ukraine is facing for the moment. Still we...

Parliament approves procurements law - another step to the IMF funds
UKRAINE · In Brief · 11 Apr 2014

Yesterday parliament finally approved updated law on public procurements. The legislation significantly tightens rules for spending public funds, introduces more transparency not only for budget but also for state enterprises. Effectively, the law closes all major loopholes for budget funds squee...

Budget revenues surged 24.1% y/y in March on VAT reimbursement delay
UKRAINE · In Brief · 04 Apr 2014

State collections in March suddenly surged up 24.1% y/y, the Treasury reported on April 3rd. In general, for the first quarter central budget revenues were reported 5.8% more than a year ago. At the same time the Treasury registered 35% decline in VAT reimbursement for the first three months. Tho...

Girding for War
UKRAINE · Forecast · 01 Apr 2014

Executive Summary In the face of foreign intervention, Ukraine has united. Over the past few months Ukrainian society has changed dramatically: Ukrainians have realized their own strength and potential, and are marshalling it to confront a clear external enemy. And Ukrainian authorities command e...

Anti-crisis package approved: IMF money to come shortly
UKRAINE · In Brief · 28 Mar 2014

Yesterday IMF announced about positive results of technical mission. The Executive Board of the Fund was to decide regarding support to Ukraine. Though the message was positive, the main question was – what were the pre-conditions for the first wire? Given that the Cabinet promptly submitted to t...

​“Referendum” tells 'yes' to Russia. And now the real fight to start.
UKRAINE · In Brief · 16 Mar 2014

No surprises, official exit-poll (only one which was allowed) reported almost unanimous (93%) support to merging with Russia. The Crimean officials report 75% participation rate while leader of Crimean Tatars, Mustafa Jamilev reports that real participation rate does not exceed 30%. Observers rep...

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