Latest Articles about Ukraine

Kyiv Claims US Senate Resolution on Tymoshenko Not Serious

A US Senate resolution calling for visa sanctions against Ukrainian officials for jailing former Prime Minister Yulia Tymoshenko last October has caused great controversy in Kyiv. Tymoshenko’s opposition party, Fatherland, welcomed the resolution, describing it as an important warning to President Viktor Yanukovych, whom they... MORE

Ukraine to Keep Cutting Russian Gas Import in 2013

Ukraine has indicated that a cut in Russian natural gas purchases will be deeper next year than expected thus far, to 24.5 billion cubic meters (bcm). This means that Ukrainian gas imports from Russia will be below contractual volumes for the third year in a... MORE

Ukrainian Officials Deny Lying About Botched Arms Contract with Iraq

Zerkalo Nedeli, an influential Ukrainian weekly, has accused the country’s Defense Minister Dmytro Salamatin of misinforming President Viktor Yanukovych over a contract to deliver armored personnel carriers to Iraq. Salamatin reportedly lied when he wrote to Yanukovych last month, citing Iraq’s ambassador to Kyiv that... MORE

Ukraine Increasingly Relies on Chinese Finances

China has preliminarily agreed to lend more than $7 billion to Ukraine. In addition, an agreement has been signed between the two countries’ central banks on a currency swap worth $2.4 billion. Although it is likely to take months of talks to agree on the... MORE

Ukraine Insists on Russian Gas Import Cuts

After failing to persuade Russia to change the current gas contract, Ukraine is threatening to break it. The state-owned oil and gas company Naftohaz Ukrainy will cut Russian gas imports from the 40 billion cubic meters (bcm) bought last year to 27 bcm this year,... MORE

Ukraine Enlists German Effort to Upgrade Gas Transit System

On July 2 in Kyiv, Naftohaz Ukrainy and Ferrostaal Industrieanlagen signed a memorandum of understanding (MOU) for a pilot project to upgrade Ukraine’s gas transit system. That system carries more than 70 percent of Russia’s gas exports to Europe at present. Germany’s powerful lobby for... MORE