Ukraine War News Today 12 12 2014 Dokuchaevsk Donetsk Dokuchaevsk Donetsk After shelling fires.mp4
Ukraine War News Today 12 12 2014 Dokuchaevsk Donetsk Dokuchaevsk Donetsk After shelling fires.mp4.
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Ukraine War News Today 12 12 2014 Dokuchaevsk Donetsk Dokuchaevsk Donetsk After shelling fires.mp4 - Video
YourUSC 8 Ukraine National Final Recap (In Kazan, Russia)
By: Your Universe Song Contest (YourUSC)
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YourUSC 8 Ukraine National Final Recap (In Kazan, Russia) - Video
He speculated that Poroshenko made his campaign promise "because he didn't want to be perceived as yet another oligarch." He added, "I believe his asset base is not in any way dependent on politics and can hardly be influenced by his position."
Some of Poroshenko's predecessors have been accused of using the office of president to enrich themselves. Ukrainian prosecutors allege that Viktor Yanukovich, who fled to Russia in February, left the country with billions of dollars. He has denied any wrongdoing.
Several investment bankers who specialize in the consumer market expressed skepticism in recent interviews that any company would invest in a Ukrainian company like Roshen, given the country's current political climate. Many weren't even monitoring the potential sale of Roshen, with one saying he was "not sure it is actually real."
Salvetti and Paseniuk countered that Poroshenko is serious about selling. There have been some "preliminary discussions" about Roshen, Salvetti said. "Clearly the market conditions suggest to buyers some cautiousness. We have had some discussions with potentially serious people. We will have to see how the market will evolve." He declined to elaborate.
Two potential buyers who already do business in Ukraine - Switzerland's Nestle SA and Cadbury's U.S. parent, Mondelez International Inc - both declined to comment.
Hard candy
Roshen, which operates six factories in four different countries as well as a chain of upscale retail shops, derives its name from the two middle syllables of Poroshenko's surname. Despite the president's nickname - the Chocolate King - Roshen also manufactures cakes, hard candies, toffee, biscuits and numerous other non-chocolate treats.
At its headquarters in Kiev, Roshen president Vyacheslav Moskalevsky said, "It would be strange if I said it was a favorable time to sell." He owns 9 percent of Roshen, but, in contrast to Poroshenko, said he has no plans to sell his stake.
Read More Only 'minimal' risk of default: Ukrainian official
He said although the company is still profitable, sales in the first 10 months of this year totalled $640 million, down 35 percent from last year. He said the company has lost a total of about $4 million a month in sales in eastern Ukraine due to the war and in Crimea, which Russia annexed in March. Its costs for raw materials have skyrocketed in part due to Ukraine's plunging currency.
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Ukraine's president not sweet on promise
STORY HIGHLIGHTS
Editor's note: Olexander Motsyk is Ukraine's ambassador to the United States. The views expressed are his own.
(CNN) -- Twenty years ago this month, Ukraine, Russia, the United Kingdom and the United States signed an agreement that represented a major step in global anti-proliferation efforts. Under the deal, known as the Budapest Memorandum, Ukraine voluntarily surrendered the third largest nuclear arsenal in the world, which it had inherited after the collapse of the Soviet Union.
Olexander Motsyk
But fast forward two decades, and an agreement once heralded as a breakthrough is gradually being undermined by one of the very countries that signed it.
As part of the agreement, Ukraine willingly gave up more than 1,000 strategic and 2,500 tactical nuclear weapons, and agreed to the destruction of 176 silos used to launch intercontinental ballistic missiles. In return, Ukraine was offered security assurances by Russia, the United Kingdom and the United States in a document that highlighted the inviolability of Ukraine's existing borders and its sovereignty, called for the abstention from forceful actions that could threaten Ukraine's territorial integrity and prohibited economic pressure being placed on Ukraine.
Unfortunately, Russia has disregarded each of these provisions.
Russian aggression against Ukraine, first in Crimea and soon after in eastern regions of Ukraine, has created an unprecedented challenge to international peace. Indeed, rather than simply being a domestic or even regional crisis, what has been unfolding this year constitutes a violation of international law, undermining the existing checks and balances of the international system.
For many years, the Budapest Memorandum served as a practical model for the implementation of the international nonproliferation regime. But recent violations of the agreement now risk undermining a system that safeguards states against national security threats through diplomatic means. As a result, many states may start to view the possession of weapons of mass destruction as the only effective means of safeguarding against external risks, in the process provoking a new arms race and ultimately increasing the threat of nuclear disaster down the road.
None of this is to suggest that Ukraine is not grateful for the effort behind the memorandum; other nations offered decisive support for our country's independence. More recently, there has undoubtedly been practical assistance in our efforts at countering Russian aggression, and the United States and United Kingdom have both remained reliable and virtuous partners on the international stage.
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Why Ukraine is rethinking NATO
Ukraine Ceasefire Casualties: Three Ukrainian soldiers killed despite #39;day of silence #39; regime
Ukrainian defence officials have confirmed that three soldiers have been killed since fighting resumed earlier this week. Government spokesperson Andriy Lysenko also said that eight troops...
By: UKRAINE TODAY
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Ukraine Ceasefire Casualties: Three Ukrainian soldiers killed despite 'day of silence' regime - Video