Home / World / Ukraine News Today June 9, 2017: Ukrainian army gains ground in Donbas; Central bank eases rules for legal entities’ investment abroad

Ukraine News Today June 9, 2017: Ukrainian army gains ground in Donbas; Central bank eases rules for legal entities’ investment abroad

Ukraine News Today: Ukrainian army gains ground in Donbas; Central bank eases rules for legal entities' investment abroad; Ukraine has to carry out many reforms to meet criteria for NATO membership
Ukraine News Today June 9, 2017: Ukrainian army gains ground in Donbas; Central bank eases rules for legal entities' investment abroad

Ukrainian army gains ground in Donbas

As a result of the battles for the village of Zholobok, the 93rd Brigade advancedin the area of Slovianoserbskiy Curve, Ukrainian military journalist and editor-in-chief of Censor.NET Yuriy Butusov wrote on Facebook, according to UNIAN.

The journalist said the outbreak of hostilities in the village of Zholobok of Luhansk region on June 6 caused panic in Russian propaganda media over the advance of the Ukrainian Armed Forces. Under the terms of the truce, this territory was supposed to remain under control of government forces. However, the Russian command repeatedly carried out attacks to cut off the curve, occupy the village of Krymske, and approach the Siverskiy Donets river.

“On June 1-6, 2017, the assault groups of the 1st and 2nd Battalions of the 93rd Brigade occupied the height of 150.3 and the northern outskirts of the village of Zholobok,” the journalist said.

He noted that the enemy had suffered serious losses and failed to hinder the advance of the Ukrainian army.

Ukraine News Today June 9, 2017: Ukrainian army gains ground in Donbas; Central bank eases rules for legal entities' investment abroad

“The enemy’s artillery and reserves entered the battle after the Ukrainian combat groups had gained a foothold on new frontiers, but they failed to thwart the offensive of the 93rd Brigade or dislodge our troops from the retaken positions,” Butusov said.

As of June 8, the shootings subsided and the situation has come to a standstill. Information on allegedly five KIAs among Ukrainian soldiers on June 7 turned out to be false.

On June 7, a soldier from the 93rd Brigade was killed in action. The enemy death toll is least seven mercenaries of the so-called “LPR”.

Central bank eases rules for legal entities’ investment abroad

The National Bank of Ukraine has allowed businesses to invest abroad up to $2 million in equivalent on the basis of one currency license for one calendar year, whereas up to now the total amount of such transactions was $50,000 for one calendar month, according to Interfax-Ukraine.

According to the regulator, relevant resolution No. 51 dated June 8 will come into force on June 12.

It also differentiates requirements for obtaining licenses depending on the amount of investment abroad, investment of up to $50,000 will be subject to simplified requirements for the list of documents for obtaining a license.

The NBU said in addition to an application it will be sufficient to provide several other documents depending on the type of investment and the type of investor (an agreement on implementation of investment, documents on the registration of an investment object, etc.).

At the same time, investments exceeding $50,000 will require an expanded list of documents that will help the NBU prevent the use of currency licenses for capital outflow. In particular, residents must additionally confirm the economic meaning of the operation, the availability of transparent funding sources and provide detailed information about the ultimate beneficial owners of investment operation subjects.

President Poroshenko: Ukraine has to carry out many reforms to meet criteria for NATO membership

President Petro Poroshenko will sign the Law enshrining Ukraine’s course towards NATO membership as a strategic foreign policy priority of the state. The document was adopted by the Parliament on June 8, Joinfo.com reports wit reference to Ukrinform.

President Poroshenko said this during a joint press conference with President of the Republic of Lithuania Dalia Grybauskaitė in Kharkiv, the press service of the Head of State reported.

“Of course, I will sign it, because this legislative initiative has been coordinated with me,” the Head of State answered the question of journalists.

The President added that the parliamentary coalition has taken active part in the adoption of this law. “I would like to remind you that it is not an innovation, but a return to the situation when in 2003 the Law on National Security considered NATO membership the key goal,” the Head of State said.

The President emphasized that Ukraine has already done a lot. It is confirmed by international organizations and our partners. In particular, the President of Lithuania noted today that over the past 2.5-3 years our state had achieved much more than over the previous 20 years. However, much work is still to be done, Petro Poroshenko added.

In her turn, President of Lithuania Dalia Grybauskaitė told that during the recent meeting of the leadership of NATO countries, the attendees discussed the issue of opening the “door” for Ukraine and Georgia.