Tag: economy

The Italian daily Corriere della Sera has commented on the counter-sanctions imposed by Russia on the EU, USA, Canada, Norway and Australia.

On 11 May, 2014, the Verkhovna Rada approved in principle the draft Law of Ukraine “On Sanctions” elaborated by the government. The purpose of the draft law is to protect national interests, national security, sovereignty and the territorial integrity of Ukraine.

The scale of the sanctions imposed on Russia by European Union countries and the US and their importance for, and their impact on, the Ukrainian economy were discussed by an expert of the Open Dialogue Foundation, V. Maziarchuk.

On 21 July, 2014, the Government submitted to the Verkhovna Rada of Ukraine a draft law “On Amendments to the Law of Ukraine “On the State Budget of Ukraine for 2014 “(concerning the indices adjustments)”, which provided for indices adjustments in the State budget of Ukraine for the current year.

On 18 July,2014, on “Be TV”, ODF’s expert, Viktor Maziarchuk, talked about reviving Ukrainian economy.

The EU has made a decision to introduce third-tier sanctions against Russia. The sanctions relate to the energy and finance sectors, military and dual-purpose products (Council Regulation (EU) No 833/2014)[1].Sanctions are effective for a period of one year with the possibility of reconsideration af

Government in collaboration with experts has worked out Concept for Ukraine’s tax system reforms, which has been introduced to the public recently. The Concept is to determine trends, mechanisms and timings to form an efficient tax system that will provide a favourable environment for the growth of

The signing the Economical section of the Association Agreement with the EU may imply a resurgence in trade wars with Russia. On 18 June, 2014, Putin stated that in this case it would be impossible to continue with zero-rate import customs duties for Ukrainian products.

During its presidency of the European Union in 2009, the Swedish authorities proposed launching the Eastern European Partnership programme with the project regarding energy efficiency and the environment, the financial support for which will come from the Fund.

Over the 22-year cooperation, the portfolio of the European Bank for Reconstruction and Development (EBRD) in Ukraine constituted 321 projects, for the implementation of which the Bank has allocated 8.7 billion euros.

International Technical Assistance (ITA) – the resources and services which, in accordance with international treaties of Ukraine, are provided by donors on a free-of-charge and irrevocable basis with the purpose of supporting Ukraine.

Inefficiency and non-transparency of Ukraine’s energy sector have a major impact on the budget and the economy. Ukraine has the highest rate of energy use per unit of GDP among all the neighboring countries.

On 13.05.2014, in Brussels, a Memorandum of Understanding and Loan Agreement were signed between Ukraine as a borrower and the EU as the lender in order to provide macro-financial assistance in the amount of €1 billion.

The annexation of the Crimea must lead either to the total global isolation of Russia with effective sanctions, and then will we witness a sharp about-turn and the Crimea will be transferred back to Ukraine, when it restores its sovereignty.

In various cities across Kazakhstan, dozens of people took to the streets in protest against the collapse of the national currency. More than 40 protesters were forcibly taken to the police station.