Ukrainian Journal

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SUNDAY, JANUARY 25, 2015

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NATO chief paints bleak Ukraine picture
BRUSSELS, Jan. 22 - NATO has detected signs of heightened Russian involvement in fighting in parts of eastern Ukraine, the alliance's top military commander said on Thursday, Reuters reported. 12:11 | More

Ukraine bonds slump after finance minister hints at restructuring move
LONDON, Jan. 22 - Ukraine's sovereign dollar bonds slumped on Thursday after the government said it would seek talks with bondholders to "improve debt sustainability,“ interpreted by many as a call to restructure the debt, Reuters reported. 12:10 | More

Ukraine will get 60% of gas needs from Europe, says Naftgaz CEO
DAVOS, Jan. 22 - Ukraine plans to cover up to 60 percent of its gas import needs this year from Europe, leaving its once-dominant supplier Russia delivering the rest, the head of the state energy firm told Reuters on Thursday. 12:09 | More

The President held the meeting with security officials, where the plan of further actions on countering terrorists was discussed. Petro Poroshenko has noted at the beginning of the meeting that the Ukrainian army had been successfully rebuffing the attacks along the entire frontline that day. "True tank battles have taken place. The Ukrainian Armed Forces have won these battles," the Head of State noted. (Photo by the president's press service)

Donetsk coke plant reported operating at less than 25% of capacity
KIEV, Jan. 22 – Avdiyivka by-product coke plant (Donetsk region), part of Metinvest Group, is operating at less than 25% of its capacity and the plant cannot supply coke to the holding's Mariupol Illich Steel Works and Azovstal Steel Works. 12:07 | More

IN FOCUS	Russian regulars reportedly join battle KIEV, Jan. 20 - Ukrainian army units came under attack from Russian regular forces in eastern Ukraine on Tuesday and heavy fighting was taking place, a Ukrainian military spokesman said, Reuters reported. The announcement at a specially called news briefing was one of the boldest assertions yet by Ukraine of direct Russian military involvement in the nine-month conflict between pro-Russian separatists and government forces. 15:45 \| More
Poroshenko: Russian troops backing rebels KIEV, Jan. 21 - President Petro Poroshenko accused Russia on Wednesday of sending 9,000 troops to back separatist rebels in the east of his country, and the IMF chief said she backed extra financial help for Kiev as the conflict inflicts severe economic damage, Reuters reported. 17:19 \| More

COMMENT AND ANALYSIS

Ukraine economy could fall 6% this year, according to official Ukraine's GDP will register a 3% decline for H1 and could fall 6% this year, First Deputy Economic Development and Trade Minister Anatoliy Maksiuta said at a briefing in Kiev. He said that inflation this year could accelerate to 19%.More	Ukraine's economic decline accelerating Ukraine's economic decline has accelerated as fighting between the army and pro-Russian separatists in the east took a heavy toll on industry and other economic activity in the last three months, Reuters reported.More
Hryvnia won't tank further this year, according to trade minister Ukraine's Ministry of Economic Development and Trade is not expecting the further devaluation of the hryvnia and an increase in the rate of inflation growth in the current year, Minister Pavlo Sheremeta has said at a briefing in Kiev.More	1938 Sudetenland vs. 2014 Ukraine; West must act now The West must not ignore Russia's ongoing attack on Ukraine because inaction will create a monster that will be able to destroy the Western civilization. Look at Germany's annexation of Sudetenland in 1938 for parallels.More