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left the lender with a capital shortfall of over US$5.5 billion, according to the central bank.Kiev has already withdrawn PwC's right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank.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
Ukraine
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
Former European leaders struggle to explain themselves after Mueller claims Paul Manafort paid them to lobby for Ukraine
caption Paul Manafort. source Drew Angerer/Getty President Donald Trump’s former campaign manager Paul Manafort was charged on Friday with paying European leaders to lobby of behalf of Ukraine, special counsel Robert Mueller alleged. The leaders in question, who include former leaders of Austria and Italy, have denied any wrongdoing. The leaders were allegedly part of a lobbying group called the Hapsburg Group. Following special counsel Robert Mueller’s newest indictment on Friday of President Donald Trump’s former campaign manager Paul Manafort, two former European leaders were shocked to find their names mentioned in the indictment documents, claiming they’d done nothing wrong, according to the New York Times. According to Mueller’s indictment, two European politicians were secretly paid around €2 million by Manafort in order to “take positions favorable to … [Read more...] about Former European leaders struggle to explain themselves after Mueller claims Paul Manafort paid them to lobby for Ukraine
Rare video appears to show destruction of Russian-backed separatists infantry fighting vehicle on Ukraine frontline
caption A screenshot from footage from the Ukrainian Military showing the burning remains of what it claims is a separatist infantry fighting vehicle that was destroyed on February 22, 2018. source Ukrainian ATO/Facebook The Ukrainian Military released a video that shows the destruction of what it claims is an infantry fighting vehicle on the frontline. While ceasefire violations are common on the frontline, they rarely involve armored vehicles, which are themselves rarely ever recorded. Ukraine has been fighting Russian-backed separatists for almost four full years. While still a “frozen” conflict, it has taken more than 10,000 lives since its beginning. The Ukrainian Military recorded what looks like a ceasefire violation on Thursday that resulted in the destruction of a separatist infantry fighting vehicle. The incident took place near the city of … [Read more...] about Rare video appears to show destruction of Russian-backed separatists infantry fighting vehicle on Ukraine frontline
Ex-Trump aide paid Europeans to lobby for pro-Russia Ukraine: papers
WASHINGTON - Donald Trump's ex-campaign chief Paul Manafort secretly paid a group of former senior European politicians more than two million euros ($2.5 million) to lobby for Ukraine's then-leader backed by Russia, according to an indictment filed Friday. Former Trump campaign chairman Paul Manafort allegedly secretly paid a former European chancellor and other ex-politicians to lobby for Ukraine president Viktor Yanukovych's government The charges, lodged in a Washington federal court by Special Counsel Robert Mueller, said Manafort retained the so-called Hapsburg Group of onetime politicians to "take positions favorable to Ukraine, including by lobbying the United States."The group, which operated from 2012-2013, was managed by an unnamed "former European chancellor," who along with other members of the group lobbied US legislators and White House officials, the indictment alleged.They were to "appear to be providing their independent assessments of government of Ukraine actions, … [Read more...] about Ex-Trump aide paid Europeans to lobby for pro-Russia Ukraine: papers