The Verkhovna Rada on June 21 at second reading and as a whole adopted the law on currency at the third attempt. According to an Interfax-Ukraine correspondent, 228 people’s deputies voted for the adoption of the law with corrections (except for editing No. 261) with the quorum being 226 votes. Some deputies demanded a re-vote, … Read more
The National Bank of Ukraine (NBU) reported the successful switch of banks in Ukraine to IFRS9 and pointed out the absence of a need in additional capitalization of financial institutions. “Banks have switched to IFRS9. We believe that the transfer was rather successful. Some banks would complete the transfer by the end of the second … Read more
Privatization of small assets that are not of strategic importance for the Ukrainian economy will begin through the ProZorro system in June, Prime Minister of Ukraine Volodymyr Groysman has said. “I believe that privatization is the fund-raising for industry. This month, a new formula for the sale of small enterprises – through ProZorro – starts … Read more
TPS Real Estate, controlled by Russian businessmen Igor Rotenberg, Alexander Ponomarenko and Alexander Skorobogatko, is in talks with the Ukrainian investment fund Dragon Capital about the sale of the Ocean Plaza trade and entertainment center in Kyiv, the Kommersant newspaper reported, with reference to sources familiar with the negotiation process. “TPS Real Estate, in particular … Read more
Businessman Vasyl Khmelnytsky plans to create a Ukrainian-Chinese enterprise to assemble tractors. “A small contract has been signed – for $4 million. We expect that next year there will be $20 million,” the businessman said in a video shot on his Facebook page. Khmelnytsky said that China expressed their interest in cooperation with Ukraine. He … Read more
The European Bank for Reconstruction and Development (EBRD) has confirmed its interest to enter the capital of state-owned Oschadbank. The EBRD believes in Ukrainian and their country, and it is time that the EBRD continues working and takes a stake in Oschadbank, EBRD President Suma Chakrabarti said at a meeting of the National Investment Council … Read more
PJSC Moscow Exchange MICEX-RTS has been included in the updated list of legal entities, to which personal special economic and other restrictive measures (sanctions) are applied. According to the document posted on the presidential website, in case of Moscow Exchange, the sanctions regime, in addition to blocking assets, restricting trade operations, also includes a ban … Read more
The WebMoney electronic payment system has been placed to the sanction list of the National Security and Defense Council (NSDC) of Ukraine. The appendix to the NSDC decision of Ukraine dated May 2, 20018, published on the website of the head of state, includes WM Transfer Ltd. (Lithuania). Sanctions envisage blocking of assets, limiting or … Read more
Lottery operators M.S.L. and Patriot have been withdrawn from Ukraine’s sanctions lists. Updated lists of persons who fall under personal special economic and other restrictive measures (sanctions) have been published on the website of the Ukrainian president. In particular, sanctions were imposed on 1,748 individuals and 756 legal entities, whereas a year ago there were … Read more
President of Ukraine Petro Poroshenko has signed the law On Amendments to the Customs Code of Ukraine on the preservation and development of the domestic shipbuilding industry. “This law amends the Customs Code to preserve the domestic shipbuilding industry. The law has been signed,” Poroshenko said during the opening ceremony of the 24th International Exhibition, … Read more