World Ukraine will impose sanctions on Russian oligarchs including Oleg Deripaska, following the lead of penalties ordered by the United States, President Petro Poroshenko said on Tuesday. 10 Apr 2018 06:51PM Bookmark KIEV: Ukraine will impose sanctions on Russian oligarchs including Oleg Deripaska, following the lead of penalties ordered by the United States, President Petro Poroshenko said on Tuesday.A new round of U.S. sanctions, announced on Friday, target officials and business people around Russian President Vladimir Putin, in response to alleged Russian meddling in the 2016 U.S. election.(Reporting by Matthias Williams; Editing by Andrew Heavens) … [Read more...] about Ukraine to impose sanctions on Russian oligarchs
Ukraine
Long-range drones return to monitor Ukraine conflict
STEPANIVKA: Drones with night vision that can fly at more than 200km per hour are the latest tools being used to monitor the most volatile areas in the conflict in Eastern Ukraine. Along with 700 human monitors, the Organisation for Security and Co-operation in Europe (OSCE) is using an armada of short-, medium- and long-range drones to check peace agreements are being implemented in a conflict that has cost more than 10,000 lives over four years. The most impressive of these assets is the Camcopter S-100, which has a range of 160km and can fly for up to six hours at a time, all the while transmitting high quality images. "It was incredible, I saw guys smoking cigarettes at night who were five kilometres away from me," a former Camcopter S-100 operator told AFP. The OSCE stopped using drones in the region in August 2016 due to an upsurge in fighting in the war that has left the West's ties with Moscow in tatters. But its Special Monitoring Mission (SMM) last week re-launched the use of … [Read more...] about Long-range drones return to monitor Ukraine conflict
Ukraine’s Privatbank files US$3b lawsuit against PwC subsidiaries
KIEV: Ukraine's largest bank, PrivatBank, said on Monday (Apr 2) it had filed a US$3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013 to 2015.It is the latest in a series of lawsuits initiated since PrivatBank was nationalised in 2016 after risky lending practices left the lender with a capital shortfall of over US$5.5 billion, according to the central bank.Kiev has already withdrawn PwC's right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank. PwC has said the ban is unjustified.The bank said it had filed formal legal proceedings at a Cypriot court against PwC Ukraine and PwC Cyprus last Friday."PrivatBank asserts it has suffered as a result of serious and extensive breaches by PwC of its duties and responsibilities primarily in auditing financial statements of PrivatBank," it said in a statement."This claim against … [Read more...] about Ukraine’s Privatbank files US$3b lawsuit against PwC subsidiaries
Ukraine’s Privatbank files US$3 billion lawsuit against PwC subsidiaries
Business Ukraine's largest bank, PrivatBank, said on Monday it had filed a US$3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015. 02 Apr 2018 04:40PM Bookmark KIEV: Ukraine's largest bank, PrivatBank, said on Monday it had filed a US$3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015.It is the latest in a series of lawsuits initiated since PrivatBank was nationalized in 2016 after risky lending practices left the lender with a capital shortfall of over US$5.5 billion, according to the central bank.Kiev has already withdrawn PwC's right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank. PwC has said the ban is unjustified.The bank said it had filed formal legal proceedings at a Cypriot court … [Read more...] about Ukraine’s Privatbank files US$3 billion lawsuit against PwC subsidiaries
Ryanair to launch flights to Ukraine from October
Irish low-cost airline Ryanair said Friday it would launch flights to Ukraine from October, in an about-face after dropping such plans just months earlier. "Ryanair is pleased to announce that low fares have officially arrived in Ukraine, our 36th country of operation," CEO Michael O'Leary said in a statement, adding the flights would start in October. Ukrainian President Petro Poroshenko hailed the airline's decision. "I am very pleased that we started this fantastic cooperation," he said during a ceremony which saw Ryanair sign an agreement with two airports, in Kiev and Lviv, on Friday. Ryanair said it would operate 10 new routes from the Ukrainian capital to Barcelona, Bratislava, Gdansk, Krakow, London, Poznan, Stockholm, Vilnius, Warsaw and Wroclaw. It will also launch five new routes from the Western city of Lviv to Dusseldorf, Krakow, London, Memmingen and Warsaw. Read also: Tired of waiting, Ryanair passenger gets out and sits on wing O'Leary estimated that some 800,000 … [Read more...] about Ryanair to launch flights to Ukraine from October