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Poroshenko cautiously optimistic for 2016
During his annual New Year’s address, Ukrainian President Petro Poroshenko acknowledged the country’s accomplishments in 2015, saying that Ukrainians have become "not only older, but also wiser and stronger."
While Poroshenko recognized the sacrifices of Ukrainian soldiers who are “not at the festive table, but in the cold winter trench… those who are now standing with guns, not wine glasses”, his address highlighted the path that Ukraine is taking towards integration with Europe.
“It is …
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Herashchenko calls for presence of EU peacekeepers in Donbas
The Ukrainian President’s envoy to restore peace in the Donbas region, Iryna Herashchenko, wrote on her Facebook page that the entry of a European Union peacekeeping mission to the conflict area in eastern Ukraine has become even more necessary.
“During a telephone conversation with the members of Normandy Quartet, the Ukrainian President asked the European Union to send a peacekeeping mission to Donbas. In the context of European security, monitoring the fragile situation in the Donbas region …
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Russian ruble hits lowest level in a year
On December 30th, the Russian ruble reached its lowest level against the U.S. dollar in a year, falling to 73 rubles and 20 kopecks to the dollar.
The ruble lost 40 percent of its value last year. Its present value is 20 percent lower than a year ago. This is an indication of how the Russian economy has suffered from Western economic sanctions and falling oil prices.
Russia's economy was hit hard by the sanctions imposed by the United States, the European Union and other countries. The …
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Ukraine introduces a moratorium on payment of $3 billion to Russia
The Ukrainian Government confirmed its decision to impose a moratorium on the payment of debt to the Russian Federation worth $3 billion, that was loaned to the government of Viktor Yanukovych in 2013. In December of 2015, it was recognized as an official debt of Ukraine.
This was said by the Prime Minister of Ukraine Arseniy Yatsenyuk during a Cabinet meeting.
"We succeeded in stopping the military aggression of Russia, and now we are stopping the economic, financial and diplomatic …
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Kerzner: Ukraine will be one of the best places to invest
The Honorary Consul of Ukraine in Jerusalem, the founder and owner of the City Capital Group, Ofer Kerzner, together with other representatives of the business circles of Israel met recently with the President of Ukraine, Petro Poroshenko. During the meeting they discussed the creation of the most favorable conditions for investments in the country’s economy. Mr. Kerzner, who is an investment pioneer and has over 20 years of experience in Ukraine, shared details of his work. He told them how …