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Tag Archives: Money Issue


Terrorists in DNR pay salaries with void rubles

Terrorists in DNR pay salaries with void rubles

Militants in self-proclaimed Donetsk People’s Republic pay salaries with invalid Russian rubles that are not accepted in exchange offices. Crisis Center ‘Mariupol Defense’ informs this in Facebook. According to the, in April and May pro-Russian fighters paid pensions and salaries in Russian rubles which turned out to be invalid. The money was printed in 1997. […]

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One year after ‘people’s republics’ were born

One year after ‘people’s republics’ were born

The so-called Donetks and Luhansk People’s Republics appeared in Eastern Ukraine little more than one year ago. What have Donbas residents got since then? Large part of locals left their homes for two major reasons: they either support independent Ukraine, or support terrorists but prefer living there where it is safer. However, there’re many people […]

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Ukraine must restructure $23 billion debt

Ukraine must restructure $23 billion debt

Prime Minister Yatseniuk says that the main task of Ukraine is to restructure $23 billion debt. One of key tasks of Ukrainian government is to hold negotiations concerning restructuring of part of external debt in the amount of $23 billion which is budget of the budget and economy in general. ‘The main thing to be […]

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Support of International Monetary Fund for Ukraine

Support of International Monetary Fund for Ukraine

Reforms in Ukraine and support from International Monetary Fund Help of International Monetary Fund for Ukraine demonstrates desire of the international community to aid Ukraine as well as their belief in reformatory potential of Ukrainian authorities. According to IMF chief Christine Lagarde, the funds allocated for Ukraine follow such aims as support of immediate economic […]

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Three factors of Ukrainian stability according to one opinion

Three factors of Ukrainian stability according to one opinion

March 14, 2015 Here is an opinion of blogger Alexander Noynets about current situation in Ukraine and the world published on the website of Petr and Mazepa project. How Russian chaos, murder of previous political elite and credit tranches can be beneficial for Ukrainian stability. Good news, everyone. As professor Farnsworth said, in thousand years. […]

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5 billion losses from damage of infrastructure in Donbas

5 billion losses from damage of infrastructure in Donbas

March 12, 2015 Losses of Ukraine after damage of infrastructure in Donbas constitute almost 5 billion UAH Head of press service of State Emergency Service Nadia Bystra insformed this during press briefing. According to her, total cost of destruction of residential structures and other objects in Donetsk oblast is more than 3 billion UAH. Destructions […]

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High price for the wrong path

High price for the wrong path

January 15, 2015 Russia pays high price for taking the wrong path Recent statistics proves that Russian economy based on oil and gas approaches its dead end. As of Wednesday, January 14, ruble – national Russian currency – has lost more than 40% of its value. The price for Brent oil has dropped down by […]

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Occupied Donbas costs Ukraine $200 million per month

Occupied Donbas costs Ukraine $200 million per month

December 17, 2014 Ukraine delivers free public utilities to the occupied Donbas Occupied Donbas costs Ukraine millions because of free public utilities for this region. Minister of Finances Natalia Yaresko informed this. Maintenance of the occupied regions of Donbas costs Ukraine about 3 billion UAH per month – this is about $ 200 million. According […]

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Transparency International considers Ukraine among most corrupted countries of the world

Transparency International considers Ukraine among most corrupted countries of the world

December 3, 2014 Ukraine has been considered more corrupted than Russia According to data from Transparency International, Ukraine remains among the most corrupted countries in the world ranking 142-nd place of 175. Once again Ukraine is on the same rank of corruption with Uganda and Comoro Islands. According to executive director of Ukrainian representative of […]

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Opinion: Colossal governmental spending kills Ukrainian economy

Opinion: Colossal governmental spending kills Ukrainian economy

December 2, 2014 Reduction of governmental spending to prevent spending of exchange reserves and default The President of the Institute of Economic Analysis and senior fellow at the Cato Institute Andriy Ilarionov said ruing press briefing at Ukraine Crisis Media Center that high level of governmental spending as a reason of bad economic situation in […]

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