Eastern Ukraine has recently seen its worst period of attacks by Russian-backed separatists since they captured the town of Debaltseve in February. It had fallen in the days after the two sides reached the Minsk-2 ceasefire agreement. Ukraine, Russia and the West have repeatedly underlined the importance of Minsk 2, but whether it has been … Continue reading
The Executive Board of the International Monetary Fund (IMF) today (July 31) completed the first review of Ukraine’s Extended Arrangement under the Extended Fund Facility (EFF). The completion of this review enables the disbursement of SDR 1,182.1 million (about US$1.7 billion), which would bring total disbursements under the arrangement to SDR 4.72 billion (about US$6.68 … Continue reading
Ukraine’s international private creditors have proposed a 5% haircut. Last month Kiev asked the bondholders for a 40% debt relief worth about $15 billion. The 5% debt reduction proposal was made this week by Ukraine’s largest creditor Franklin Templeton Investments. The investment house holds about $8.9 billion in bonds, according to two people close to the negotiations. It … Continue reading
“Presumed Republican presidential hopeful Jeb Bush wrapped up his five-day tour of Europe with a visit to Estonia, where he said that the conflict in Ukraine is a “global issue,” Ukraine Today reports. The former Florida governor added that the United States aimed to work with Europe to “create a deterrent effect” to ensure regional … Continue reading
Ukraine’s president has warned his country there is a “colossal threat” that large-scale fighting could resume in the east, and said the military should be prepared to defend Ukraine against a possible invasion along its border with Russia. Petro Poroshenko spoke in an annual address to parliament on June 4, a day after the heaviest … Continue reading
As the war (there’s no point any longer in using hedging words like “crisis” or “conflict”) in eastern Ukraine has intensified over the past several months, an idea that would have once been considered radical has rapidly gained traction among mainstream pundits. I’m talking, of course, about the prospect of sending weapons, “lethal defensive aid” … Continue reading
President Petro Poroshenko has held a phone conversation with President of the United States Barack Obama. The Head of State has expressed gratitude to the U.S. President for his personal support of Ukraine and a strong position demonstrated in the G7 statement. The interlocutors have discussed the situation in Donbas and expressed concerns over the … Continue reading