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Can Ukraine free itself from its dependence on Russian electricity?
Ukraine is going to continue to import electricity from Russia because the Soviet power system in place does not have the ability to generate sufficient electricity. The Ministry of Energy and Coal Mining stated the import of electricity from the Russian Federation is necessary because, “Electricity is a good which can’t be stored. It has to be generated at the very moment when consumption occurs.” There are several reasons why the current Ukranian system is not able to generate adequate …
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Sanctions over Ukraine to be extended despite Russian cooperation in Syria
As reported by The Wall Street Journal, US and EU are prepared to keep pressure on Kremlin and renew their sanctions despite new Russian cooperation in the wake of the Paris attacks.The sanctions are expected to be discussed at EU leaders mid-December summit, and the decision must be backed by all 28 member states.
Officials say there is a broad agreement that economic pressure should be kept on Russia until the peace is fully implemented. The options discussed are: extending the sanctions …
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NASA top official visits Ukraine
William H. Gerstenmaier, the Associate Administrator for Human Exploration and Operations Directorate at NASA (National Aeronautics and Space Administration) Headquarters will pay an official visit to Ukraine today.
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Ukrainian Prime Minister: Russian embargo will cost Ukraine $600 million
At the Cabinet meeting, the Ukrainian Prime Minister, Arseniy Yatsenyuk, stated that Ukraine has to get ready for Russian embargo . “We are also getting ready for new import restrictions imposed by Russia to come into effect. Our preliminary estimate for 2016 is that Ukraine will lose $600 millions of export to the Russian Federation" – stated the Prime Minister. Arseniy Yatsenyuk said that three years ago Ukraine was almost 35% dependent on the Russian market, and now the number has been …
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Will Ukraine accept Russia's debt restructuring offer ?
Putin has agreed to restructure Ukrainian debt but Kiev may reject his offer. After a long period of negotiations, Russia has agreed to restructure the Ukrainian debt, which the previous government, headed by Viktor Yanukovich and Nikolay Azarov, loaned from Moscow at the end of 2013. Russian President, Vladimir Putin has proposed the restructuring scheme and called it “the best conditions”.
Experts believe that Ukraine, which refused to pay the debt earlier, will reject Putin’s offer. However, …