• Ukraine exported $2 billion of IT services in 2015

    Exports of Ukrainian IT services, particularly software development made more than $2 billion in 2015, making IT the third largest export in the country, as reported by Deputy Head of the Presidential Administration of Ukraine on Administrative, Social and Economic Reforms, Dmytro Shymkiv, UKRINFORM reports.

    "Few people are talking about it, but in 2015, the export of IT services, in particular software from Ukraine, was $2 billion, which made this the third largest export," Shymkiv said.

    He …

  • Russia wants to speed up the lawsuit against Ukraine over 'Yanukovych's debt'

    Russia has asked the High Court of London to deliver a speedy judgement on the case of “Yanukovych’s debt”. RIA Novosti reported that Russia has already petitioned the court.

    The Russian Ministry of Finance stated that “Russia has submitted an application to the High Court of London to deliver an expedited decision on the lawsuit relating to Ukraine’s non-payment of a $3 billion debt”.

    The petition was filed by an independent company, The Law Debenture Corporation plc (Trustee), which …

  • Ukrainian MP: 50,000 Russians fought in the Donbas

    Anton Herashchenko, a member of the “People’s Front” faction of parliament, wrote on his Facebook page that 50,000 Russians took part in hostilities on the territory of Ukraine. "These are not just speculations and assumptions but documentary evidence discovered by volunteers of the project 'Myrotvorets' [Peacemaker] in a mailbox belonging to Russian terrorist Maria Koleda. Koleda serves as a head of the terrorist press service of the terrorist organization, the Donetsk People’s Republic,” he …

  • Hungarian Ambassador in Kiev: The EU hasn't provided enough assistance to Ukraine

    The European Union hasn't provided Ukraine with enough help financially and hasn't taken any steps to appeal to Ukrainians. These were the sentiments expressed by Hungarian ambassador to Ukraine Ernő Keskeny, expanding on the position of his country's government during an interview with Interfax-Ukraine.

    "Europe didn't provide enough financial help, it did not even make such gestures as, say, a visa-free regime, which costs nothing financially. In his [the Prime Minister of Hungary Viktor Orbá …

  • Ukraine's Antonov wins $2.9 million suit against Russian aviation plant

    As reported by the press-service of law firm Ilyashev & Partners, which represents the interests of the company in court, the Antonov State Company won a suit against Russian company Aviakor Aviation Plant for $2.9 million.

    “Pursuant to the court judgment of July 4, 2016, the claims of the State Enterprise Antonov for more than USD 2.9 million were satisfied and shall be recovered in favor of our client,” the statement read.

    The subject of the dispute was the payment of royalties for use of …