ussanctions

Friday, May 27

The US will not lift sanctions on Russia in exchange for access to Ukrainian ports.

The US will not lift sanctions on Russia in exchange for access to Ukrainian ports. US State Department spokesman Ned Price said the United States has rejected Russia’s proposals to lift sanctions in exchange for allowing access to Ukrainian ports. “Of course, we will not...

Monday, March 14

The US will revoke trade privileges from Russia and block loans to it from the IMF.

The US will revoke trade privileges from Russia and block loans to it from the IMF. A statement from the White House said the measures called for denial of Russian loans to international financial institutions such as the International Monetary Fund, increased sanctions against Russi...

Tuesday, March 8

The US Congress is preparing a plan to block Russian oil and may approve $10B in aid to Ukraine.

The US Congress is preparing a plan to block Russian oil and may approve $10B in aid to Ukraine. U.S. House Speaker Nancy Pelosi said Sunday that the House is studying legislation to ban Russian oil imports, and Congress intends to approve $10B in aid to Ukraine this week. “The House of Re...

Thursday, February 24

The White House is preparing sanctions against Nord Stream 2.

The White House is preparing sanctions against Nord Stream 2. The US administration is preparing to add to the package of Russia sanctions with additional measures targeting Nord Stream 2 AG, the new Russian gas pipeline operator. “The Biden administration...

Wednesday, February 23

The United States will impose sanctions on Russia.

The United States will impose sanctions on Russia. US President Joseph Biden has announced that he will impose sanctions on Russia. According to Biden, the US has imposed sanctions on two Russian banks, WAB and Military Bank. Also, sanctions will be ...

Monday, April 19

“Biden shows he will wield US financial system as foreign policy weapon, ” headlined a Financial Times article from Washington, based on interview with Biden Administration officials. These officials argued that last week’s sanctions against Russia should be seen as the fi...

“No knockout, but new U.S. sanctions add to Russia’s ‘slow destruction,’ ” headlined a Reuters analysis out of London. Based on interviews with market participants, the reporters write of Washington’s sanction package: “Its move to target Moscow’s main funding avenue...

Monday, January 4

To prevent a strengthening of the hryvnia, the central bank bought a net $335.5 million on the interbank market in December.

To prevent a strengthening of the hryvnia, the central bank bought a net $335.5 million on the interbank market in December. To prevent a strengthening of the hryvnia, the central bank bought a net $335.5 million on the interbank market in December. By contrast, during the whole year, the bank bought a net $1.1 billion, rep...

Ukraine’s minimum wage increased Friday by $35, $212 per month

Ukraine’s minimum wage increased Friday by $35, $212 per month Ukraine’s minimum wage increased Friday by $35, $212 per month. On Dec. 1, it increases to $230. With the minimum wage largely used to calculate pensions, Ukraine’s average monthly wage is $480.

Real wages were up 8% yoy in November

Real wages were up 8% yoy in November Real wages were up 8% yoy in November, reports the State Statistics Service. Nationally, the average nominal wage was $404. In Kyiv, the wage was 54% higher — $622. Nationwide, the biggest regio...

Despite the global economic recession, Ukraine’s trade deficit dropped in half last year

Despite the global economic recession, Ukraine’s trade deficit dropped in half last year Despite the global economic recession, Ukraine’s trade deficit dropped in half last year, from $10.22 billion to $4.9 billion in 2020, Taras Kachka, Ukraine’s Trade Representative, wrote on Facebook. ...

Despite a poor harvest, exports of the top three grains – corn, wheat and barley – were down only 2.3% yoy in dollar terms

Despite a poor harvest, exports of the top three grains – corn, wheat and barley – were down only 2.3% yoy in dollar terms Despite a poor harvest, exports of the top three grains – corn, wheat and barley – were down only 2.3% yoy in dollar terms, to $9.4 billion for 2020. “Due to the reduction in the harvest, physical exp...

With new US sanctions on Nord Stream 2 made final by Friday’s vote in the US Senate

With new US sanctions on Nord Stream 2 made final by Friday’s vote in the US Senate With new US sanctions on Nord Stream 2 made final by Friday’s vote in the US Senate, the Norwegian company, Det Norske Veritas (DNV) GL announced Saturday that it will not be able to certify the $11.6...

“ “Russia Pushes Ahead on Europe Gas Link Before U.S. Sanctions,” headlines a Bloomberg story posted Thursday, the day before the US Senate vote. With 150 km of the 1,230 km pipeline left to be laid, No...

“US imposes new sanctions to kill off Putin’s pet pipeline,”

“US imposes new sanctions to kill off Putin’s pet pipeline,” “US imposes new sanctions to kill off Putin’s pet pipeline,” headlines an Atlantic Council piece by Diane Francis, posted Saturday. “It means almost certain doom for Putin’s most important energy proj...

Russia cut its volume of gas pumped across Ukraine by 38% in 2020

Russia cut its volume of gas pumped across Ukraine by 38% in 2020 Russia cut its volume of gas pumped across Ukraine by 38% in 2020, compared to the previous year. Although Gazprom pumped 55.8 billion cubic meters through Ukraine’s east-west pipeline system, Russia’...

In reverse

In reverse In reverse, gas transportation from Europe to Ukraine hit almost 16 bcm last year, 12% more than in 2019 and 27% more than the annual average for 2016-18. About 10 bcm went into storage as 52 Ukrainia...

Serbian President

Serbian President Serbian President Aleksandar Vučić opened Friday Serbia’s 403 km extension of the Balkan Stream natural-gas pipeline, AP reports from Belgrade. Fuel for the line comes from Anapa, Russia, and then flo...

Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal

Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal at Krk, an island in the northern Adriatic. PO...

Separately, Azeri gas has started moving through the new

Separately, Azeri gas has started moving through the new Separately, Azeri gas has started moving through the new Trans Adriatic Pipeline, Interfax-Azerbaijan reports from Baku, citing Azerbaijan’s Energy Ministry. This 878 km pipeline picks up Azeri gas fr...

Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding

Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding. “The Antimonopoly Commi...

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