KIEV (Reuters) - Ukraine may never recover all of the billions of dollars it has spent to co-host next month's European soccer championship and the outlay might complicate its chances of servicing its debt.
Ukraine may never recover all of the billions of dollars it has spent to co-host next month's European soccer championship and the outlay might complicate its chances of servicing its debt. The staging ...
Ukraine will take a first major step away from dependency on Russian gas supplies on Thursday when it seals a $10 billion shale gas deal with Royal Dutch Shell.
Due to be signed at the World Economic Forum in Davos, the production sharing agreement will mark the biggest contract yet to tap shale gas in Europe and the largest single foreign investment in the former Soviet republic.
Ukraine complained on Wednesday that it had received little or no support from European countries in its face-off with Russia over the price of its gas imports and a $7 billion Russian bill.
The dispute dramatically escalated last month when Russia's gas giant Gazprom sent the bill to Kiev to cover gas it says Ukraine was under contract to buy last year, but never took.
Though Ukraine's ties with the European Union are equally strained, President Viktor Yanukovich indicated on ...
KIEV (Reuters) - An International Monetary Fund mission will visit Ukraine at the end of this month to resume talks with the Kiev government on a new $15 billion loan program, the Fund said on Thursday.
MOSCOW (Reuters) - Russia's gas exporting monopoly Gazprom said on Thursday it had agreed to pay $2 billion in advance to Ukraine in order to finance purchases of gas and secure its transit to Europe. Ukraine - the main route for Russian gas to Europe - is struggling with monthly payments for purchases of Russian gas and has asked Moscow to lower its prices. Previous disputes over gas prices between Kiev and Moscow have led to Russian gas supply stoppages to Europe, which is seeking ways to cut its dependence on Russian fuel. ...
KIEV (Reuters) - Ukraine came closer on Saturday to winning a bailout from the International Monetary Fund as an IMF mission said it would recommend lending $14.9 billion in a deal to help fill Ukraine's budget gap and boost investor confidence.