A new stock exchange in Ukraine

maybe the integrated exchange for trade in capital and goods announced the head of the National Commission on Stock Market and Securities, Ruslan Magomedov. “This is a USAID project. There is an idea to create an exchange for commodity markets, for legal markets and partly for financial ones”, said Magomedov. The creation of the exchange itself is now at the stage of a feasibility study and is under the special control of the Prime Minister of Ukraine Denis Shmygal.

CMS advised on securities clearing infrastructure in Ukraine.

CMS Cameron McKenna Nabarro Olswang in Kyiv has advised DAI Global (USAID) and the National Securities and the Stock Markets Commission of Ukraine on the rules for clearing transactions with securities and licensing terms for clearing institutions. The New Capital Markets Law is broadly based on provisions of key EU directives and regulations establishing rules for operation of capital and financial markets, including MiFID II, EMIR, and MiFIR. The CMS team was led by Ihor Olekhov, Partner and Head of

Prime Minister and USAID sign an agreement aimed at improving the healthcare system and providing economic growth.

The Cabinet Minister of Ukraine and the U.S. government have signed an Additional agreement to the Contract on the implementation of task development” for a total of $9 million. “Thanks to this agreement, Ukraine will be able to direct additional financial resources to strengthen the capacity of the healthcare system and increase the effectiveness of treatment of diseases”, said Denys Shmyhal. The agreement provides for the allocation of $7 million to improve the health of Ukrainians and $2 million to

A international standard stock market and commodity exchange – NEXT-UA — is the goal

of a Memorandum of Understanding signed Monday by the Cabinet of Ministers with EBRD, USAID, and AmCham Ukraine. “NEXT-UA will facilitate the integration of Ukraine’s markets into the international ecosystem, improve price discovery for commodities and provide hedging mechanisms for businesses in the form of transparent markets for capital, energy, agriculture and other sectors,” reads a release by the American Chamber.

Developing Ukraine’s stock market infrastructure will be the goal of an agreement to be signed this week by Ukrainian authorities with EBRD, USAID and the American Chamber of Commerce.

 “We are working on the development of the stock market infrastructure,” Prime Minister Shmygal said last week at the UkraineInvest Talks Dnipro International Investment Forum. “There is quite a lot of money provided for the clearing system for stock market development in Ukraine.”

Yesterday, the US Embassy announced that the US Government is providing $155 million in “additional development funding” through USAID.

In the heading “Counter Russian Aggression” the US will provide $63 million “to reduce Ukraine’s energy and economic dependence on Russia by advancing connections to Europe’s energy grid and strengthening businesses in the East.” Other business-oriented projects include: promoting transparency, building the land market, safeguarding anti-corruption institutions, expanding judicial reform and supporting the development of online e-government platforms.