The Verkhovna Rada sped up the modernisation of the gas transportation system and the “death of the South Stream” 

The Verkhovna Rada speeds up the modernisation of the Ukrainian gas transportation system which may allow to suspend the construction of the “South Stream.”

246 members of the Parliament voted on the inclusion of the according bill prepared by the Cabinet of Ministers into the daily agenda.

According to Prime Minister Arseniy Yatseniuk, who reported on this bill in the Rada, Ukraine necessitates significant financial investments in its energy sphere. Continue reading

There are 1.3 billion USD on Yanukovich’s blocked accounts – Yatseniuk

The State Financial Monitoring Service blocked 1 billion 340 million USD on the accounts of 19 non-resident companies tied to former President of Ukraine Viktor Yanukovich and his associates. This was stated at the Cabinet of Ministers session by Prime Minister Arseniy Yatseniuk.

The Prime Minister sated that the arrest of these funds was approved in court.

“The vast majority of these fund were directed through offshore companies to buy state loan obligations for Ukraine, and Ukraine paid 19% annual revenue in addition to the stolen funds,” stated Yatseniuk.

On orders of the government, the police and court institutions are to return the arrested funds to the state budget, added Yatseniuk.

The State Financial Monitoring Service earlier discovered 42 non-resident companies tied to former President Viktor Yanukovich and his associates.

Source: Radio Svoboda

Translated by Mariya Shcherbinina