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finance and politics

Chocolate King Poroshenko declares victory in Ukraine

Kiev - Billionaire Petro Poroshenko claimed Ukraine’s presidency on Sunday after exit polls gave him an absolute majority in a first round of voting and, vowing to end a conflict with pro-Russian rebels, he pledged to align his country with Europe


Ukraine moving special forces to control Odessa port

Odessa - Ukraine’s Interior Minister said on Monday he had drafted a new special forces unit into the southern port city of Odessa after the “outrageous” failure of police to tackle pro-Russian separatists in a weekend of violence that killed dozens.

shipyard and offshore

Shmakov dismissed from position of USC President

Moscow - Vladimir Shmakov has been dismissed from the position of the President of the United Shipbuilding Corporation OJSC. As IAA PortNews was informed by a source close to the USC BoD, this has been announced today at the meeting of USC Board of Directors by Leonid Strugov

shipyard and offshore

Russia Mulls Building Tankers in Crimea to Ship Arctic Gas

Moscow - Russia is considering a plan for shipbuilding companies in Crimea and Sevastopol, which are currently idle or working under capacity, to build tankers for shipping liquefied natural gas from the country’s Arctic fields, the Ministry of Industry and Trade said Friday

oil and energy

EU struggles to unpick the knot of Ukraine gas logistics

Frankfurt - Unprecedented talks across the European Union on Tuesday showed it scrambling for solutions on the ground to break its dependence on Russian gas and help supply Ukraine. The EU faces a daunting task in quickly overcoming a mountain of logistical challenges

finance and politics

Slow start to Ukraine separatists crackdown

Kiev - Russia declared Ukraine on the brink of civil war on Tuesday as Kiev said an “anti-terrorist operation” against pro-Moscow separatists was underway, though the crackdown appeared to get off to a slow start, if at all

finance and politics

EU threatens Russia with more sanctions

Luxembourg - The European Union threatened Russia with more sanctions on Monday over its actions in eastern Ukraine, which Britain said was being destabilised by Moscow, although some EU states said diplomacy should be given more time

oil and energy

Limited potential for EU gas flows to Ukraine before 2015

London - Ukrainian prime minister Arseny Yatseniuk is hoping Europe can reverse gas down its East-to-West pipelines to help counter “political” price hikes in the gas Ukraine gets from Russia, but it could take until next winter to make the adjustments needed for significant volumes

finance and politics

Ukraine orders its forces to leave Crimea

Kiev - Ukraine is pulling its forces out of Crimea in the face of threats and pressure from the Russian military, acting president Oleksander Turchinov said on Monday.

finance and politics

Sanctions: Obama aimed for Putin’s inner circle

Moscow - U.S. sanctions this week against Russia were carefully craftedin an attempt to target President Vladimir Putin’s inner circle without provoking a backlash from Moscow against U.S. businesses, senior U.S. officials said

oil and energy

Future of South Stream pipeline “gloomy”

Rome - The future of the South Stream pipeline project to carry Russian gas to Europe has been put in question by the escalating dispute over Ukraine, the chief executive of Italian oil major Eni said on Thursday. The future of the pipeline is “somewhat gloomy”,Paolo Scaroni said during a parliamentary hearing in Rome

finance and politics

After Crimea, east and south Ukraine?

Moscow - As Russian forces took control of Crimea in the last few weeks,Russian media started referring to a broad belt of land in southern Ukraine as Novorossiya, or New Russia. The revival of the Tsarist-era name plays well with Russian votersand harks back to a remark in 2008

finance and politics

Partial results show 95% backing for Crimea joining Russia

Sebastopol - More than 95 percent of voters in Ukraine’s Crimea regionsupported union with Russia in a referendum on Sunday, according to partial results. It said the figure was provided by Mikhail Malyshev,head of the referendum commission, after more than half the votes were counted on the Black Sea peninsula