Archive for the ‘Ukraine’ Category

Egypt keen to cooperate with Ukraine in transferring technology, boosting investments: FM – Egypttoday

FILE - Egyptian Foreign Minister Sameh Shoukry - Reuters/Amr Dalsh

CAIRO 25 February 2021: Egypts Foreign Minister Sameh Shoukry on Thursday expressed to his Ukrainian counterpart, Dmytro Kuleba, the keenness to continue cooperation with Ukraine in transferring technology and boosting Ukrainian investments in Egypt.

In a phone call, Shoukry affirmed Egypts willingness to continue developing and deepening the cooperation with Ukraine in political, economic, and agricultural fields as well as trade.

The two ministers highlighted the importance of discussing the means of benefiting from the two countries experience in combating the coronavirus pandemic and easing its social and economic implications.

The ministers have expressed satisfaction of the level of ongoing coordination between Egypt and Ukraine and said they look forward to holding the next session of bilateral consultations during this year.

Shoukry hailed the ongoing flow of Ukrainian tourists to Egypt, causing Ukraine to rank 1st in Egypts tourism record in 2020 in terms of the number of tourists.

This comes in light of the strict precautionary measures Egypt takes against coronavirus, in light of Ukraines decision to resume charter flights to South Sinai and the Red Sea governorates in Egypt.

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Egypt keen to cooperate with Ukraine in transferring technology, boosting investments: FM - Egypttoday

Yermak: We expect increase in presence of UAE companies in Ukraine – Ukrinform. Ukraine and world news

The work of the Ukrainian-Emirati Coordinating Council will contribute to the further development and deepening of bilateral relations between the two states, Head of the Ukrainian Presidents Office Andriy Yermak stated during an online meeting of the Ukrainian-Emirati Coordinating Council.

"I am pleased that during the pandemic we still managed to hold extremely effective and meaningful negotiations. I am even more pleased that we are holding the first constituent meeting of the Coordination Council less than two weeks after the visit. This is a confirmation of the great importance of our cooperation. I am confident that the work of this Council will become the basis for the implementation of the agreements already reached and will open new horizons of bilateral relations," Yermak said, the presidents press service reports.

He reminded that during the talks the leadership of the two countries identified the main areas of cooperation as food security, investment, military and technical cooperation, cooperation in the field of lending, IT and cybersecurity.

"In general, we expect an increase in the presence of Emirati companies in Ukraine. We believe that we have all the necessary conditions for this: state guarantees for large investors, transparent legislation, large enterprises ready for privatization," Yermak noted.

According to him, in particular, this concerns attracting investment from the UAE in sea and river ports, roads, railways and aviation. He also assured that Ukraine is ready to continue to be a guarantor of food security in the Emirates.

Head of the Emirati party at the Ukrainian-Emirati Coordination Council Mariam Al-Muhairi also noted the rapid start of the Councils work after the historic visit of the President of Ukraine to the UAE and wished everyone successful and fruitful work.

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Yermak: We expect increase in presence of UAE companies in Ukraine - Ukrinform. Ukraine and world news

Ukraine interested in joint projects with U.S. business in maritime sector – Kryklii – Ukrinform. Ukraine and world news

Ukraine is interested in implementing promising investment projects in the maritime sector in cooperation with American business.

Infrastructure Minister Kryklii said this during a webinar dedicated to the Maritime Infrastructure Modernization Program in Ukraine, which took place under the auspices of the U.S. Embassy in Ukraine, the press service of the Infrastructure Ministry reports.

"We are open to investors and the implementation of promising investment projects in the maritime industry in cooperation with American business and are happy to invite you to invest in Ukraine," he said.

The infrastructure minister informed about the successful experience of implementing the first concession projects in the ports of Olvia and Kherson. According to him, the ministry is planning to implement next concessions in the industry.

"We are currently in the process of preparing concession projects in the seaports of Berdiansk, Izmail and Mariupol. We are also preparing a project of the concession for a passenger terminal in the Odesa Sea Port, the concession of a railway and ferry complex and a container terminal in the Black Sea port, he said.

The event was attended by U.S. Charg d'Affaires in Ukraine Kristina Kvien, U.S. Deputy Secretary of State for Trade Policy David de Falco, SPILNO Project Office Chair Taras Boychuk, Director of the Infrastructure Support Team Iryna Koshel, and representatives of the U.S. Embassy in Ukraine, EBRD, US International Development Finance Corporation (DFC), U.S. Export-Import Bank, Deloitte, Ernst & Young, ADM Ukraine LLC, AVELLUM, Baker & McKenzie, Aon Ukraine, CHS Ukraine LLC and other companies.

The participants in the event also discussed the possible participation of American business representatives in the implementation of promising public-private partnership projects in the road sector.

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Ukraine interested in joint projects with U.S. business in maritime sector - Kryklii - Ukrinform. Ukraine and world news

Ukraine prosecutor says there are no plans to revisit Burisma probes – Reuters

LONDON (Reuters) - Ukraines top prosecutor said on Friday investigations into Ukrainian energy company Burisma Holdings Ltd, a matter closely tied to a scandal that led to former U.S. President Donald Trumps first impeachment, have been closed with no plans to reopen them.

FILE PHOTO: Prosecutor General of Ukraine Iryna Venediktova reacts during a parliamentary session in Kiev, Ukraine March 17, 2020. Ukrainian Presidential Press Service/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY./File Photo

Ukrainian prosecutors in recent years had looked into the actions of Burisma, a company on whose board U.S. President Joe Bidens son Hunter had served from 2014 to 2019, and its founder Mykola Zlochevsky.

Everything that prosecutors could do, they have done, Prosecutor General Iryna Venediktova said in an interview with Reuters by video link from Kyiv. This is why I dont see any possibilities (or) necessity to come back to these cases.

Venediktova also said U.S. authorities had made no requests of her office since Biden took office last month.

The U.S. House of Representatives impeached Trump in December 2019 on charges of abuse of power and obstruction of Congress over his request in a July 2019 phone call to Ukraines president, Volodymyr Zelenskiy, for an investigation into Biden and his son Hunter. The U.S. Senate voted in February 2020 to keep Trump in office.

Trump made unsubstantiated corruption allegations against both Bidens. U.S. Democrats accused Trump, a Republican, of soliciting foreign interference in an American election by trying to get a vulnerable ally to smear a domestic political rival, using American aid as leverage. Biden defeated Trump in the November U.S. election.

As vice president under President Barack Obama, Biden oversaw U.S. policy toward Ukraine and sought the removal of the countrys top prosecutor at the time, who the United States and Western European countries had viewed as corrupt or ineffective. Trump and his allies made unsubstantiated claims that Biden did so because the prosecutor had been looking into Burisma while his son served on the board.

Zlochevsky, a former Ukraine ecology minister, is now living abroad.

One Burisma probe had related to suspected tax violations. Burisma said in 2017 investigations into the company and Zlochevsky had been closed after it paid an additional 180 million hryvnias ($6.46 million) in taxes.

Venediktova, in her post for just under a year, said she wants to take a different approach in her job than predecessors she described as being too political.

Asked about Ukraines fight against corruption, Venediktova dismissed concerns that the independence of the national anti-corruption bureau, known as NABU, had been undermined after the government drafted new legislation on its status that the bureau said would harm its ability to fight high-level graft.

NABU is now an independent body and will be an independent body in future, Venediktova said.

Corruption has been a longstanding issue for Ukraine, and any threat to the independence of NABU, set up with the backing of Western donors, could further derail the flow of foreign aid at a time when its economy has been hammered by lockdowns related to the COVID-19 pandemic.

The International Monetary Fund has told Ukraine it needs to adopt more reforms to unlock further funds from its $5 billion IMF programme.

Venediktova also said she is hopeful that legal cases surrounding PrivatBank would come to a conclusion before the end of the year. The central bank declared PrivatBank insolvent in 2016 and said its poor lending practices blew a $5.5 billion hole in its finances before it was taken into state hands. The lenders former owners dispute this and have fought to reverse the nationalisation.

($1 = 27.8492 hryvnias)

Reporting by Karin Strohecker in London and Matthias Williams in Kyiv; Additional reporting by Mark Hosenball in Washington; Editing by Will Dunham

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Ukraine prosecutor says there are no plans to revisit Burisma probes - Reuters

Ukraine: The Parliament imposes its first-ever sectoral sanctions – GlobalComplianceNews

The Sectoral Sanctions are effective for a period of five years and include, in particular, the following restrictions:

Because the Sectoral Sanctions have been applied for the first time in Ukraine since the approval of the Sanctions Law in 2014, we anticipate further official clarifications and a new enforcement practice from the Ukrainian authorities clarifying the exact scope of the application of the Sectoral Sanctions.

We recommend that Ukrainian residents and foreign companies doing business in Ukraine carefully assess any dealings involving Nicaragua for their compliance with the Ukrainian sanctions restrictions.

1.Resolution of the Verkhovna Rada of Ukraine No. 1167-IX dated 2 February 2021 On Approval of the Decision of the National Security and Defense Council of Ukraine dated 1 February 2021 On Imposing Sectoral Special Economic and Other Restrictive Measures (Sanctions) against the Republic of Nicaragua' effective from 4 February 2021.

2. Law of Ukraine On Sanctions No. 1644-VII dated 14 August 2014 (Sanctions Law).

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Ukraine: The Parliament imposes its first-ever sectoral sanctions - GlobalComplianceNews