You're reading: Ukraine Digest: March 31

What we’re watching 

  • Wednesday, March 31 at 4 p.m. Kyiv time: Kyiv Post Legal Talks — “Ukraine’s Mountain of Bad Debt: How to Collect?” Watch live here
  • Thursday, April 1 at 5 p.m. Kyiv time: U.S.-Ukraine Business Council webinar with Vadym Melnyk, head of the State Fiscal Service of Ukraine. Register here.
  • Friday, April 2. Kyiv Post’s Real Estate Magazine

Kyiv Post Legal Talks at 4 p.m. on March 31 focuses on Ukraine’s $15 billion in non-performing loans in the banking sector. Speakers include Maryan Martynyuk, senior partner of the Moris Group law firm; Olyana Gordiyenko, chairperson of the supervisory board of Ukreximbank; Oleksii Sobolev, CEO of ProZorro.sale; and Svitlana Rekrut, managing director of the Deposit Guarantee Fund. The discussion will be moderated by Kyiv Post chief editor Brian Bonner.

Top news

Coronavirus

Russian atrocities

After 1-1 draw with Finland, Ukraine meets Kazakhstan next

Ukraine hosted the FIFA World Cup Qatar 2022 qualification football match in Kyiv’s Olympic Stadium on March 28, 2021, a match that ended in a 1-1 draw. The team hosts Kazakhstan on March 31 at 2:45 p.m.

Here’s a preview of today’s match

Business

Hryvnia/$: 27.9

Interfax: McDonald’s Ukraine invests Hr 700 million ($25 milion) in chain development in 2020

Interfax: Kiy Avia posts Hr 35 million ($1.25 million) in losses in 2020

Interfax: Ukrainian pharma market expands by 13% in 2020 – experts

Interfax: Tax amnesties often hurt tax collection in long run – IMF resident representative  in Ukraine

Interfax: Ukraine should refrain from returning to control over gas prices, solve problem of imbalance in energy – IMF

Interfax: Number of restaurants & cafes in Ukraine drops from 18,600 to 14,700 in 2020

Kyiv has only 48 days of low traffic according to the Tom-Tom ranking

Business Wire

Former chairman of the Anti-Monopoly Committee of Ukraine joins Redcliffe Partners

New leader for KPMG’s TP group

Lactalis in Ukraine: 25 years of sustainable development

Ukreximbank uses fullin array of financial tools to support agricultural business

Redcliffe Partners hires new partner Sergiy Ignatovsky to join its leading Litigation and Restructuring practices

Opinions

Bohdan Nahaylo: The appalling move by Germany and France

Peter Dickinson: Putin plots Ukraine peace talks without Ukraine

Janek Lasocki: How Zelensky can challenge Ukraine’s media magnates

Paul Goble: Moscow won’t complete vaccinations until 2024

David Ignatius: Conflict over Nagorno-Karabakh continues to rankle

Andrei Kolesnikov: A Kremlin-KGB remake

Halya Coynash: Record prison sentence for Christian faith in Crimea

Halya Coynash: Russian invaders sentence elderly Ukrainian woman to 12 years

From the archives: Banking

With today’s Kyiv Post Legal Talks on non-performing loans in Ukraine’s banking sector, the newspaper highlights some of its deep dives into the troubled sector:

Unpunished Bank Fraud – Feb. 14, 2020

Banker Busts – Nov. 22, 2019

Legal Quarterly – Oct. 5, 2018

Unpunished Bank Fraud – June 8, 2017

Legal Quarterly – Dec. 23, 2016

Legal Quarterly – July 1, 2016

Ukraine’s Epic Banking Disaster – July 1, 2016