A Russian court has increased a financial penalty against the Ukrainian state oil and gas company Naftogaz to $1.3 billion from around $150 million for violating a ban on conducting legal proceedings against Gazprom outside of Russia, in a gas transit dispute between the two companies, Russian news agency Interfax reported on Wednesday.
Russian court increases penalty for Ukraine's Naftogaz to $1.3 billion for breaching Gazprom litigation ban, Interfax reports
Related
Kernel secures €100 million loan from Denmark's EIFO for Ukraine wind farm
Ukrainian agribusiness group Kernel has secured a €100 million loan from Denmark’s Export and Investment Fund (EIFO) to build its first wind farm, expanding into power generation as wartime attacks increase pressure on Ukraine’s electricity system. The 94.5-megawatt project in central Ukraine will comprise 21 turbines
Latest
EIB finances €21.4 million public transport fleet upgrade in Dnipro
The European Investment Bank (EIB) is financing a €21.4 million upgrade of Dnipro's electric public transport fleet, with five locally manufactured trams now in service and further tram and trolleybus deliveries planned through 2027. The five low-floor trams were manufactured by Ukrainian producer Tatra-Yug at
Ukraine restores wartime budget transparency, but fiscal-risk gaps remain, study finds
Ukraine has restored much of the budget transparency lost after Russia's full-scale invasion, giving investors and creditors greater visibility into government spending, debt and donor financing, but important gaps remain in fiscal-risk disclosure, according to a recent study. Dmytro Sydorenko, a researcher at the State Tax
Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme
Ukraine’s Prosecutor General Ruslan Kravchenko has submitted his resignation after an anti-corruption investigation implicated senior officials in his office in an alleged scheme to protect fraudulent call centers and launder criminal proceeds. Kravchenko tendered his resignation late on Sept. 7, calling it a “political decision” and saying he
