• UK Foreign Secretary: It is vitally important that Ukraine eradicate corruption

    UK Foreign Secretary Philip Hammond said that one of the key tasks for the Ukrainian government is the total eradication of corruption.

    "It is vitally important that Ukraine’s new government build on the progress made by its predecessor and continues to implement reforms and root out corruption," Hammond stated on Friday.

    The British Foreign Secretary also welcomed the appointment of the new Ukrainian Prime Minister, Volodymyr Groysman.

    "I hope that the new government urgently focuses on …

  • After a small growth in February, Russian industrial production continues to decline

    In March 2016, the industrial production growth index began to decline again in Russia. After small growth in February, it suffered a 0.5% decline for the year.

    The Index of Industrial Production for Russia in March 2016 declined by 0.5% as compared to the first month of last spring, as indicated by Rosstat Materials. Industrial production in February rose for the first time in a year, increasing by 1%. However, as compared to 2015, there were 29 days in February this year.

    Earlier, experts …

  • Ukrainian intelligence: The bodies of 38 Russian soldiers were transported across the border from Donetsk

    According to the Main Directorate of Intelligence of the Ministry of Defense of Ukraine, the bodies of 38 Russian soldiers who fought near Avdiivka were transported across the border to Russia, Interfax-Ukraine reported.

    "The Armed Forces [of Russia], engaged in sabotage and intelligence actions in the area around Avdiivka… On the night of April 15th-16th, at the former Russian checkpoint  ‘Donetsk’ [Russia] transported 38 bodies of dead Russian soldiers,” a statement released by the Main …

  • The IMF is ready to cooperate with Ukraine's new government

    The IMF representative said that the fund will have a meeting with the new government of Ukraine

    The International Monetary Fund (IMF) is prepared to continue cooperation with the new members of the Cabinet of Ministers of Ukraine. This was announced on April 15, 2016, by the Director of the IMF’s European Department, Poul Thomsen, at a press briefing of the annual "Spring Meetings of the International Monetary Fund and the World Bank Group", Radio Svoboda reported.

    "We are ready to continue …

  • Chinese investor to build high-speed railways in Ukraine

    A major Chinese investor is willing to invest in the construction of high-speed railway lines that will connect Kiev-Lvov-Warsaw-Berlin and Kiev-Odessa

    Volodymyr Omelyan, the Minister of Infrastructure of Ukraine, said that his department is preparing to sign a memorandum with one of the largest Chinese investor companies to build high-speed railway lines connecting Kiev-Lvov-Warsaw-Berlin and Kiev-Odessa.

    "We are preparing to sign a memorandum with one of the largest Chinese investors on the …