• Ukraine Increases Gas Imports from Europe By 24 Percent

    The spokesman of Ukrtransgaz Company, Maxim Belyavsky wrote on his Facebook page that Ukraine increased its daily volume of gas imports through Slovakia and Hungaryby 24% to 36%. This marks an increase of about 3 million cubic meters.

    “On the 16th of January, Ukraine imported 36.3 million cubic meters from Europe. Of that amount, 34.9 million cubic meters were imported through the Slovak gas corridor,” Belyavsky wrote.

    The spokesman of Ukrtransgaz Company noted that the previous day, 29.3 …

  • US Delivers $23 Million in Communications Hardware and Medical Equipment to Ukraine

    Military communications and medical equipment with total value of $23 million have been sent to Ukraine by the US, as reported by the American Embassy’s press service in Kiev. The shipment was delivered to Boryspil Airport last night.

    The total package included $21 million worth of secure radio equipment to aid Ukrainian soldiers in communicating effectively to ensure their safety. It also included $2 million in medical equipment for saving lives on the battlefield, according to the official …

  • Russia’s natural resource hegemony continues to decline

    With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.

    What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …

  • Klimkin asks EU Diplomats to Attend Savchenko Trial

    Pavel Klimkin, the Minister of Foreign Affairs of Ukraine, has asked Federica Mogherini, EU High Representative for the Common Foreign and Security Policy, to send European diplomats to court when the verdict in Nadia Savchenko’s case, a Ukrainia pilot, is made.

    “I asked Federica Mogherini to ensure the diplomats’ presence at a crucial phase of Nadia Savchenko’s trial,” Klimkin wrote on Twitter.

    “In light of the fact that the illegal criminal case against Nadia Savchenko is approaching its …

  • Ukrainian Entrepreneurs to Get Access to European Funding Program

    The Ukrainian Cabinet of Ministers adopted a draft agreement on the participation of Ukraine in the European Union program "Competitiveness of Small and Medium-Sized Enterprises” (COSME). The press service of the Ministry of Economic Development and Trade indicated that Ukrainian small and medium businesses will have access to 2.3 billion euros.

    "It will create an ocean of new opportunities for Ukrainian entrepreneurs. Firstly, it's assistance with entering foreign markets because the …