• Naftogaz Hires Prominent US Attorneys

    National joint-stock company Naftogaz of Ukraine has engaged the law firm of Covington and Burling LLP (New York, USA) to protect the company’s interest in litigation concerning lost shelf assets in the Crimea. According to an announcement in the Visnyk Derzhavnykh Zakupivel public procurements bulletin, the gas transportation company signed a one-year agreement with the law firm on January 1st, 2016.

    The cost of the agreement is $1.25 million (value added tax not included). “The services that …

  • More blackouts for Crimean Residents

    Residents of the Crimea are experiencing further electricity blackouts following the malfunction of two 22,500 MW gas turbine power stations which were recently delivered from eastern Russia in order to ensure the supply of power to the Crimean peninsula. The inhabitants of the annexed territory are now being asked to use electricity sparingly, Kerch.com reported.

    The city of Kerch will primarily be affected, as repair crews will have to shut off three to five power lines providing electricity …

  • Ukrainian Citizens Have Filed More Than 700 Human Rights Complaints against Russia

    According to the Justice Minister of Ukraine, Pavel Petrenko, the number of civil cases against Russia is constantly growing. Additionally, Kiev officials have filed three interstate suits against Russia.

    On Tuesday, January 5th, in an interview with national media, Petrenko announced that citizens of Ukraine have submitted to the European Court of Human Rights (ECHR) more than 700 lawsuits against Russia. Moreover, almost all of the lawsuits were filed by people from Crimea, Lugansk and …

  • Coca Cola Sparks Anger with Map Showing Crimea as Russian

    The U.S.-based, multinational beverage corporation Coca Cola has apologized for the use of a map of Russia that includes the territory of Crimea on a popular social network. They said the map was developed by a third party agency without the company's consent.

    On January 5th, Coca-Cola responded to a statement by the Ukrainian Embassy in the United States, which included the complaint about the corporation’s use of the map. The company claimed that the agency that developed the map "later …

  • Kiev Seeks To Resume Debt Negotiations with Moscow

    According to the Press Center of the Ministry of Finance, Ukraine has announced its readiness to resume negotiations with Russia on restructuring the Eurobond worth $3 billion.

    "Despite any legal actions and without bias towards the whole debt situation, Ukraine is ready to negotiate in good faith with Russia about the restructuring of $3 billion worth of Eurobonds, which should have been paid in December of 2015," the Press Center stated.

    The Ministry of Finance has taken into account the …