Search Results for: Ukraine
Cryptojacker arrested in Ukraine over EUR 1.8 million mining scheme
January 26th, 2024
The National Police of Ukraine (Національна поліція України), with the support of Europol, has arrested an individual believed to be the mastermind behind a sophisticated cryptojacking scheme. The 29-year-old individual was apprehended in Mykolaiv, Ukraine, on 9 January. Three ...
UK court obliges Ukraine to pay par value on its Eurobond debt to Russia
July 27th, 2017
The High Court of London has bound Ukraine to pay £2.8 million ($3.6 million) to Russia as compensation for legal costs related to Kiev’s Eurobond debt, the Russian Finance Ministry announced on Wednesday. According to a statement on its ...
Ukraine withdraws PwC bank audit licence over $5.5bn hole at PrivatBank
July 21st, 2017
Ukraine’s central bank said on July 20 that it had withdrawn the bank auditing rights of PwC after the international accounting firm failed to identify alleged improprieties that led to a $5.5bn capital shortfall at the country’s largest lender ...
IMF tranche will allow more Ukraine FX liberalisation
September 9th, 2016
The expected release of an IMF loan tranche next week will allow Ukraine to continue liberalising its foreign exchange regime, including dividend repatriation by investors, the chief economic adviser to the prime minister said on Friday. Kiev will hear ...
Ukraine’s anti-monopoly committee fines Gazprom $3.4bn
January 25th, 2016
The anti-monopoly committee of Ukraine has fined Russia’s Gazprom $3.4 billion for alleged abuse of its dominant position on the Ukrainian gas transit market, the committee’s head Yuriy Terentyev said Friday. “A decision was just made regarding Gazprom’s abuse ...
EU, Ukraine Cut Trade Taxes Through New Free Trade Deal
January 5th, 2016
On January 1, 2016, the tariff cuts contained in the Deep and Comprehensive Free Trade Area (DCFTA) between the European Union and Ukraine became effective. Welcoming the deal, the European Commission said the application of the DCFTA of the ...
Ukraine officially defaults on $3bn debt to Russia; Moscow to sue Kiev in London court
January 4th, 2016
Russia’s Finance Ministry is filing a lawsuit against Ukraine for failing to pay off its $3 billion debt to Russia before the December 31 deadline. This means that Ukraine is now officially in a state of default, the ministry ...
Ukraine set to lose preferential trade with Russia after failed last-minute talks in Brussels
December 22nd, 2015
Following a failed round of negotiations in Brussels, Russia will inevitably suspend the free trade agreement with Ukraine within the Commonwealth of Independent States, once a trade deal between Kiev and European Union goes into effect in the new ...
Britain pays to PwC for helping to design Ukraine’s tax reform – finance ministry
December 22nd, 2015
The Finance Ministry of Ukraine drew up the draft amendments to the Tax Code of Ukraine itself, although the ministry used consultations by PricewaterhouseCoopers (PwC) international consulting company, the services of which were paid by the British government. The ...
Cyprus, Ukraine Agree To Replace Temporary DTA
December 15th, 2015
Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019. The deal will newly include a most favored nation (MFN) clause for taxes on interest, dividends, ...
