Featured Ukraine

U.S. warns German companies of possible sanctions over Russian pipeline

The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. U.S. President Donald Trump has accused Germany of being a “captive” of Moscow because of its reliance on Russian energy and urged it… Read More

EU renews sanctions against Russia

The European Union has extended its economic sanctions targeting specific sectors of the Russian economy until 31 July 2019, citing a lack of progress in implementing an agreement over Moscow’s conflict with Ukraine. The measures, which target the financial, energy and defence sectors, and the area of dual-use goods, were… Read More

Switzerland relaxes anti-money laundering due diligence rules for small fintech firms

Swiss financial regulator FINMA has introduced a relaxed anti-money laundering regime for smaller financial technology firms as it looks to promote innovation. The companies will still be subject to the Anti-Money Laundering Act, under the new licensing category – known as the FinTech licence – in Article 1b of the… Read More
29th November 2018
European Union leaders meeting for a summit in Brussels in December are expected to extend for another year the bloc’s main economic sanctions against Russia over Ukraine. The bloc is debating whether to add more sanctions over the latest flare-up of tensions between the two on the Azov Sea. Below… Read More
28th November 2018
Several senior European politicians on Tuesday raised the possibility of new sanctions against Russia to punish it for capturing three Ukrainian vessels at sea, an incident the West fears could ignite a wider conflict. Financial markets have responded to the prospect of new Western sanctions that could hurt Russia’s economy,… Read More
2nd November 2018
Russia imposed financial sanctions on Ukraine’s political elite on Thursday, freezing the Russian assets of hundreds of politicians and officials along with dozens of businesses owned by Ukrainian businessmen. The sanctions were set out in a decree signed by Russian Prime Minister Dmitry Medvedev and were described as counter-sanctions drawn… Read More
24th October 2018
A suspected money launderer who escaped the authorities with fake death certificates has been arrested. The man had aroused suspicion when he was registered as the beneficial or real owner regarding the purchase of a castle in France, The authorities also seized his assets when they arrested him, which included… Read More
2nd August 2018
Lawyers representing two former owners of Ukraine’s biggest lender PrivatBank denied on Wednesday all allegations of fraud made by the bank but said proving that $248 million was not misappropriated would be complicated. The lawyers’ statement followed a court hearing over the past week, challenging a worldwide freeze on the… Read More
2nd August 2018
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged that the three Ukrainians, who were arrested in Europe between… Read More
11th July 2018
Ukraine’s biggest bank does not rule out settling a legal dispute with its former main shareholders out of court, the head of PrivatBank’s supervisory board said on Tuesday. The Ukrainian authorities took PrivatBank into state hands in December 2016 and have spent nearly $6 billion so far to plug a… Read More
8th June 2018
AP — Ukraine’s parliament has approved creating an anti-corruption court, a key step toward restoring international financial aid, but it has fired the finance minister who has been an important reform advocate. Ukraine has received only about half of a promised $17.5 billion loan package from the International Monetary… Read More
31st May 2018
AP — To the gasps, whoops and applause of stunned colleagues, Russian journalist Arkady Babchenko walked into a news conference Wednesday, less than a day after police in the Ukrainian capital said he had been assassinated. Authorities said his death had been staged to foil a plot on his… Read More
8th May 2018
Ukraine’s new corruption court, whose creation is a key condition set by Western aid donors, should be ready to hear its first cases early next year, General Prosecutor Yuriy Lutsenko said. In an interview with Reuters in London, Lutsenko also said he hoped to join forces with the FBI on… Read More