At first sight, it was a triumph. After months of negotiations Ukraine and a committee of its creditors (which include Franklin Templeton, an American investment house and BTG Pactual, a Brazilian one) reached a deal this week to restructure the country's international bonds, as well as a smattering of other sorts of debt, worth about $18 billion. Payments have been pushed back, meaning that the government will not need to cough up any principal or interest on the debts in question until 2019. The principal on the bonds will also be cut by 20 percent on average.
On Sept. 1, students and professors at Wisconsin International University Ukraine will commemorate the start of its 18th academic year – celebrating an existence that was under threat only six months earlier.
According to the Ukrainian Security Service (SBU), 156 people remain captured by militias, says Iryna Heraschenko, the Ukrainian president's commissioner for the peace process in the Donetsk and Luhansk Regions.
Ukrainian President Petro Poroshenko and High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the Commission Federica Mogherini discussed preparations for holding an informal sitting of the EU Council of Foreign Ministers in Luxemburg on Sept. 4-5.
High Representative of the European Union for Foreign Affairs and Security Policy/Vice-President of the Commission Federica Mogherini met with the President of Ukraine Petro Poroshenko as part of the President's visit to Brussels on Aug. 27 2015.
It is still one year before the Summer Olympic Games kick off in Rio de Janeiro next year. But Ukraine’s Anna Rizatdinova, one of the world’s top rhythmic gymnasts, already feels like time is going too fast.
Every day the press reports in stock fashion the numbers read out by the presidential spokespeople for the war in the east: “Two Ukrainian soldiers were killed while another seven were wounded in fighting over the last 24 hours… One Ukrainian soldier was killed and another nine were wounded.”
Ukraine and its main creditors agreed on Aug. 27 to restructure $18 billion of the country's foreign debt, in a rare deal between bond funds and a wobbly, emerging-market government.
Ukrainian President Petro Poroshenko was in Brussels Thursday on a mission to push the Ukraine conflict off the European Union’s back burner and remind the bloc that his country was still in a protracted, bloody conflict.
URZUF, Ukraine - The vehicle yard at the Ukrainian National Guard Azov Battalion’s base here looks like the set of a Mad Max movie.
Moscow - A former leader of pro-Russian separatist rebels in eastern Ukraine on Aug. 27 announced he was launching a support network for Russian volunteers who fought in the conflict and the families of those killed.
Donbas militants violated the ceasefire in the special-operation zone 54 times on Aug. 27, the press center for the Ukrainian military operation said.
The debt restructuring that Ukraine has agreed with its private creditors has all the hallmarks of a win-win: The government can boast of persuading investors to accept a haircut, while the creditors can congratulate themselves on losing practically nothing in reality.
Ukraine's military and Russia-backed rebels carried out a prisoner exchange Aug. 27 in eastern Ukraine, a result of an agreement this week by the two sides to halt the ongoing violence by September 1.
Government forces and pro-Russian separatists aim to reinstate a fracturing ceasefire in eastern Ukraine by the time students return to school next week, according to negotiators meeting with Ukrainian and Russian officials.
Finance minister hails 'collaborative' agreement that sees some of country's debt written off in exchange for higher interest on outstanding loan.
Private creditors accept 20 percent write-down on the face value of their Ukrainian bonds.
Ukrainians find it easy to evade military service
Even as Ukraine’s military finds itself head-to-head with Russian forces in the east, the latest draft in the country has failed miserably – with draft dodgers apparently finding it surprisingly easy to evade service.
ODESA, Ukraine – When Odesa Oblast Governor Mikheil Saakashvili visited the Ukrainian navy’s headquarters in Odesa on June 14, the commander set the table, and there was joyous celebration with music, children in attendance and multi-colored balloons.
After five months of talks with private creditors and the unpredictable consequence of a debt moratorium looming, Ukrainian Finance Minister Natalie Jaresko triumphantly announced on Aug. 27 that she had achieved a write-down of up to $3.8 billion of the nation’s debt.