Ukraine makes first payment of $390mln debt to Russia

Ukraine makes first payment of $390mln debt to Russia

PanARMENIAN.Net - Ukraine made its first payment of the $390 million debt to Russia of the scandal-plagued state corporation United Energy Systems, once headed by jailed ex-premier Yulia Tymoshenko, the country’s prosecutor general said on Friday, Jan 18, according to RIA Novosti.

“Payments have started. $7.5 million have already been paid to Russia,” Prosecutor General Viktor Pshonka said.

The Ukrainian security service said on October 13, 2011 that it opened a second case against the ex-PM, sentenced to seven years for abuse of office in 2011. The case concerned a debt which the United Energy Systems of Ukraine, then chaired by Tymoshenko, owed to the Russian Defense Ministry in the 1990s. The company was the main importer of Russian gas under Prime Minister Pavlo Lazarenko in 1996.

Tymoshenko is also accused of tax evasion and forgery by an official.

Her defense team dismissed all accusations as a political revenge by the country’s incumbent President Viktor Yanukovych.

 Top stories
A reformed inspections system will mean reduced inspections for less riskier businesses, saving them time and resources.
Armenia saw remarkable economic growth and poverty reduction in the period preceding the global financial crisis of 2008–2009.
Priority needs will be identified through assessments of economic development potential and prioritization by the communities.
However the proportion of women reaching the top tier of the business world has shown little progress over the past decade.
Partner news