Ukraine to investigate suspected computer attack on energy grid

Ukraine, whose market has been traditionally oriented toward Russian Federation, will now have to turn itself toward the European market and adapt to EU standards and rules. The energy ministry in Kyiv said on Dec 31 that it had set up a special commission to investigate what happened.

Brussels also said the deal would help Ukraine improve its business climate and attract foreign investment, a view shared by Yegor Perelygin, an analyst at UniCredit bank.

Ukraine’s free-trade deal with the European Union is coming into effect, coinciding with the start of Moscow … Russian Federation bought $3 billion worth on December 20, 2013, and the debt was supposed to be repaid by December 20, 2015.

After Russia annexed Ukraine’s Crimea a year ago and pro-Kremlin separatists launched a rebellion in the east of the country, some Ukrainians began to re-examine their historically close cultural ties to Russia.

The free trade deal between Ukraine and the 28-member bloc was initiated in 2012 within the framework of the comprehensive Association Agreement and was signed in June 2014. Yatsenyuk has said if Moscow imposes a trade embargo, Kyiv will be prepared to impose “counter measures”.

Lee said it was too early to say whether the SBU’s account was credible.

“The acts on counteractions from the Ukrainian side are aimed at protecting the Ukrainian manufacturers and protecting the Ukrainian market”, said the government in a statement.

The Russian Orthodox church dominates Ukraine’s central, eastern and southern regions, while Catholics and Greek Catholics are concentrated in the west of the country.

In addition, they stipulate imposition of an embargo on a range of Russian-made products, from food, cigarettes, alcohol beverages, chemicals to equipment, starting from January 10.

“It’s hard to predict how competition will be established and what consequences this will have on Ukrainian producers”, said Brovko, who works for a Ukrainian NGO that aims to facilitate business and investment in the country.