Eastern Europe / News

Political uncertainty looms over appointment of Ukraine’s new central bank governor

Sergei Kuznetsov in Kyiv May 26, 2017

President Poroshenko needs a candidate who is acceptable to Kyiv’s Western backers, able to secure parliament's support in the Ukrainian parliament, and is loyal to Poroshenko himself.

Russia’s Otkritie uses London bank as collateral for €250mn loan

Jason Corcoran in London May 26, 2017

Analysts are incredulous after London unit’s post-tax profit slumped last year by almost 50% to $30mn.

Ukrainian prosecutors raid ex-PrivatBank execs and firms suspected of €9bn fraud

bne IntelliNews May 25, 2017

Lender is suspected of providing multi-billion credits to related parties in 2008-2016, including using refinancing funds obtained from the central bank.

Bondholders of Ukraine's PrivatBank challenge bail-in in London court

bne IntelliNews May 18, 2017

Holders of hundreds of millions of dollars in securities say rights were violated during nationalisation of largest Ukrainian lender in December 2016.

Vodka oligarch steps up Stolichnaya brand fight with Kremlin

Jason Corcoran in London May 17, 2017

Yuri Shefler's more than decade-old struggle for iconic vodka ownership rights resumes in the Netherlands.

Ukraine's latest sanctions against Russia target social media, web portals, software and TV companies

bne IntelliNews May 16, 2017

Ukrainian President Petro Poroshenko signs new decree to step up sanctions against Russia

Ukraine prepares Eurobond and privatisation programme for autumn

Ben Aris in Nicosia May 11, 2017

Finance Minister Oleksandr Danylyuk says that Privatbank owner Ihor Kolomoisky has until July to find the circa $6bn taken out of his bank and lent to related parties and shell companies.

Russians lose showdown at EBRD AM

Ben Aris in Nicosia May 10, 2017

Russia had already twice requested that the EBRD resume lending, but this was the first time it had appealed to the board of governors that make up the EBRD's shareholders.

Political instability and China are the main risks to growth, says EBRD's Guriev

Ben Aris in Nicosia May 10, 2017

Sergei Guriev backs Alexei Kudrin's reform plan in Russia and warns over economic shocks to Central Asia from China.

Russia set to remain out in the cold at EBRD

Jason Corcoran in London May 9, 2017

The development bank is accelerating the winding up of its Russian portfolio, which shrank by 30% last year.

Turkey, Russia and Iran ink deal on Syria de-escalation zones

bne IntelliNews May 4, 2017

Impact of Putin and Erdogan's new "full-format" relations felt at peace talks, but Al-Assad opponents walk out of meeting shouting angrily.

Interpol takes Ukraine's ex-president Yanukovych off wanted list

Sergei Kuznetsov in Kyiv May 4, 2017

Move follows three years of lukewarm attempts by Kyiv to bring ex-leader to justice for crimes allegedly committed during his 2010-2014 rule.

Putin hails return to "full format" relations with Turkey

bne IntelliNews May 3, 2017

Two leaders repair trade links and also prepare ground for deal with US over Syria conflict resolution.

Putin and Merkel discuss Syria and Ukraine at Sochi talks

bne IntelliNews May 2, 2017

German chancellor presses Putin on armed conflicts, cyber warfare and gay rights at "intensive" talks in Sochi.

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