Analyst: “…so far we do not see a risk of violating the 3.7% of GDP general budget deficit limit that Ukraine committed to the IMF.”


“In the place of Ukrainian radicals,” Demushkin says, he “would secretly thank Putin for helping build at last ‘an independent Ukraine’ and teaching its people to really hate all things Russian.”


Photo: Dmitry Demushkin


The European Union has granted an additional EUR 10-million financial support in a bid to strengthen the positive developments already achieved to date by UNDP-Ukraine’s programme for the “Restoration of Governance and Reconciliation in Crisis-Affected Communities of Ukraine”. The programme will focus on local government reform, gender-responsive recovery and improved service delivery. 


The costs of Vladimir Putin’s territorial ambitions have already been reflected in the EU sanctions that have had a negative effect on Russia’s economy and its international reputation. Now the costs of Putin’s war of aggression on Ukraine could be reflected in a European court finding that the $3 billion loan to the Yanukovych regime was actually no loan – but a bribe.


Analyst: “…we remain optimistic about the Cabinet resuming cooperation with the Fund [IMF] and we anticipate two wires (of about USD 1.7 bln each) in 2H16, which means the state debt will rise to USD 70.8 bln (85.1% of GDP) by the year end.”


  • A group of countries have blocked participation of LGBT groups in UN AIDS conference. (AP Photo/Ronald Zak) AP
  • The countries gave no reason for the move
  • 22 groups will be banned from the June conference
  • Eliminating the threat of AIDS is a Sustainable Development Goal


Analyst: “This is a bold move by the Ukrainian government that carries with its significant risk, especially in the current circumstances.”


Putin (c) with Laotian PM Thongloun Sisoulith (l) and sultan of Brunei Darussalam Hassanal Bolkiah (r). Putin claims ASEAN countries support integration with the Eurasian Economic Union. (Photo:


“The law and truth were on our side,” Poroshenko noted.

Insurgents have intensified their shelling of government positions in the past day, carrying out 30 attacks with small arms, grenade launchers and mortars.


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