Page 13 - UKRRptNov18

Strait. This ice-free port is Russia’s largest and the third largest in Europe by turnover.
Ukraine’s top business leaders are ranked in a new survey published by Korrespondent newsweekly. The top five are: Alexander Bulba, general director of Nova Poshta; Alexey Vadatursky of Nibulon; Igor Smelyansky of Ukrposhta; Volodomyr Lavrenchuk, of Raiffeisen Bank Aval; and Musa Magomedov, of Avdiivka Coke and Chemical Plant.
Ukraine’s State Regulatory Service (SRS), the body that approves all the acts of other state bodies, has declined to approve a recent government resolution that sets higher natural gas rates for households and heating enterprises since early November. In a move that could potentially kill off the recently announced desperately needed new IMF deal, the SRS believes that it had earlier approved another cabinet draft resolution that was changed significantly afterwards, so it now requires another round of approval. On top of that, the updated draft resolution lacks the necessary supportive documents, some of resolution’s clauses lack logical formulations and some violate current legislation, the service concluded, the SRS said on October 26.
The wealth of Ukrainian President Pyotr Poroshenko grew 10% in the past year , making him one of the country’s six richest people, according to a list compiled by the Novoye Vremya magazine and published on its website. Poroshenko was given the sixth position in the list of Ukraine’s 100 richest people, with "wealth estimated at $1.1bn, and the Roshen corporation being his key asset."
The European Parliament threatened to prepare new sanctions on Russia if the Kremlin attempts to turn the binational sea of Azov into a Russian lake . Separately, US Ambassador to Ukraine Marie L. Yovanovitch visited Mariupol and later denounced: “The negative economic impact on Ukraine of the growing Russian aggression in the Sea of Azov...The United States supports the sovereignty and territorial integrity of Ukraine, and urges Russia to stop the pursuit of international shipping in the Sea of Azov."
Russia’s harassment of merchant ships serving Ukraine’s two ports on the Sea of Azov has caused $36mn losses in the last six months and forced the main port, Mariupol, to move to a 4-day work week. Russian coast guard ‘checks’ of freighters cause delays averaging 30 hours, and costing $50,000 a day to shippers, according to Volodymyr Omelyan, Ukraine’s Infrastructure Minister.
Russian President Vladimir Putin signed an Oct. 23 decree imposing sanctions on Ukrainian individuals and entities in direct response to sanctions imposed in June. The decree orders the Council of Ministers of Russia to determine the list of individuals and enterprises to be targeted with the retaliatory sanctions, as well as determine their conditions. Recall, Ukrainian President Poroshenko imposed sanctions in June targeting 14 Russian individuals and 30 entrepreneurs in response to the role of Russian security services in global cyberattacks. Among those targeted was Russianbnaire Arkady Rotenberg. As a result, the Ukraine’s sanctions list against Russia grew to 1,759 individuals and 786 entrepreneurs.
Ukrainian President Petro Poroshenko has urged the nation's government expand its utilities subsidies programme for the population
13 UKRAINE Country Report November 2018 www.intellinews.com