And finally, you can view your Pressimus profile by clicking on your profile image, and selecting your profile, and you can customize your Pressimus settings by selecting settings.
Watch quick explainer video
Finish
X

Request Invitation




Submit
Close
Submit
Stream by
The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
Ukraine Liveblog Day 241

Publication: Ukraine Liveblogs
Readability View
Press View
Show oldest first
The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
Assets In Poroshenko's Bank Increase By 50 Percent Since Start Of Year

Ukrainian President Poroshenko is the chief shareholder of International Investment Bank (MIB), which has seen its total assets increase by more than 50% since the start of the year. Ukrainska Pravda reports (translated by The Interpreter):

According to a statement for the third quarter of 2014, the assets of the International Investment Bank (MIB), whose chief shareholder is President Petro Poroshenko, increased by nearly 50% since the beginning of the year, to 2.5 billion hryvnia (about $193 billion), epravda.com.ua reported.

By contrast, the assets of the entire banking system for the first 8 months (figures for 9 months are still not published) increased by only 5%.

It is illustrative that even such an insignificant growth was conditioned by the rapid devaluation of the hryvnia.

As Aleksei Komakha noted on his site Minprom, about 41% of the assets of all banks are denominated in foreign currency. Taking into account the weakening of the official rate by 63%, we can speak about the essential reduction of the banks' shares.

The assets of MIB also in part grew due to the devaluation. However the crisis almost left untouched President Poroshenko's financial institution. Unlike the majority of his colleagues in the field, Poroshenko's bank saw a flow of deposits, including in foreign currency.

The funds remaining in the accounts of MIB clients nominated in foreign currency increased from 644 million hryvnia ($49 million) to the equivalent of 1.4 billion hryvnia ($108 billion) in the first 9 months of the year, that is, by 35% if calculated in dollars [note - using today's exchange rate, this is a 45% increase - The Interpreter]. Also foreign currency deposits of physical persons increased by 12% in the dollar equivalent.

We will recall that President Petro Poroshenko published promised to sell the business under his control after his election.

It's not clear from the report whjat percentage of Poroshenko's businesses he has sold.

The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
Gunmen Raid Pokrovskoye Mine, Reportedly hold Parliamentary Candidate Captive

A troubling report today that armed gunmen may have taken a prospective member of parliament captive after raiding the Pokrovskoye mine and capturing the executives. Novosti.dn.ua  reports (translated by The Interpreter):

Today at about 7:15 am about 15-20 people without identifying insignia in balaclavas armed with machine guns broke into the Pokrovskoye mine, the TV channel Orbita reported, citing the press service of the mine's management.

The gunmen set up security checkpoints on the grounds of the mine and blocked the movement of the executives of the mine in their offices and also the office of Leonid Vladimirovich Baysarov, a people's deputy of Ukraine who is also running as a candidate in the parliamentary elections from the 50th district.

Currently, there are 1,500 people in the mine. The administration is denied the ability to manage the mine.

According to unofficial information, pressure is being put on Baysarov to remove his candidacy from the elections.

We will recall that Pokrovskoye is the largest coal mine and company town in Ukraine, employing more than 13,000 people.

The blocking of the mine is a real threat to the normal existence of the towns of Krasnoarmeysk, Dimitrova and other adjacent towns.

The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
Russia Threatens To Cut Europe's Natural Gas If Ukraine Receives Any

Not only is Russia holding all the cards in their negotiation with Ukraine over the price of natural gas, Russia is working to ensure that Europe does not undercut its stranglehold on this part of Ukraine's economy.

Russia is concerned that either Europe will send Russian gas back to Ukraine, or Ukraine will filter off some of Europe's gas this winter. According to RFE/RL, Russian President Vladimir Putin has made clear statements that this will not happen without consequences:

Putin told reporters in Belgrade on October 16 that if Ukraine siphons off natural gas without permission from transit pipelines to the European Union, Russia “will consecutively reduce the stolen volume at the cost of supplies."

The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
Two Russian Opposition Figures Say They Would Not Return Crimea to Ukraine

On our Russia liveblog, Russia This Week, we've been talking about a series of statements by Russian opposition leader Alexey Navalny in which he says that he would not just return Crimea to Ukraine if he became president of Russia. Here is an excerpt:

Venediktov: Is Crimea ours?

Navalny: Crimea belongs to the people who live in Crimea.

Venediktov: Don't evade the question. Is Crimea ours? Is Crimea Russian?

Navalny: Crimea, of course, now de facto belongs to Russia.

Venediktov: So you think...

Navalny: I think that despite the fact that the Crimea was seized with outrageous violations of all international norms, nevertheless, the realities are such that Crimea is now part of the Russian Federation. So let's not kid ourselves. And I advise the Ukrainians not to kid themselves, either. It will remain part of Russia and will never become part of Ukraine in the foreseeable future.

Venediktov: So in this sense the question was great. If you were to become president, would you try to return the Crimea to Ukraine?

Navalny: What, is the Crimea a ham sandwich or something that you can take and give it back? No, I don't believe so.

As we've also been following, his statements have been controversial to say the least, and he's been criticized by both Russian liberals and many in the global community, especially Ukrainians.

Now, Russian opposition figure Mikhail Khodorkovsky has also said that if he were president he would not return Crimea.

This will no-doubt disappoint many western fans of both Alexey Navalny and Mikhail Khodorkovsky.

Below The Interpreter has translated an article from ZN,UA:

Right after opposition figure Alexey Navalny, Mikhail Khodorkovsky announced that he would not return Crimea if he were president.

Mikhail Khodorkovsky, the ex-head of YUKOS does not intend to return Crimea to Ukraine in the event of his election as president of Russia.

During a Twitter discussion, Khodorkovsky said that on the whole, he is in agreement with the Russian opposition figure Alexey Navalny.
"On the main things, we are allies. On the details, we'll come to an agreement," he wrote.

Answering the direct question of a user, would he return Crimea to Ukraine in the event of his election as president of Russia, Khodorkovsky said no.

Translation: @psykrab @mich261213 Don't evade the questions. Would you give back Crimea if you become president?
Translation: @mich261213 "I'll answer directly: I would not. The problem of the Crimea will take decades. The path is through the erosion of borders in Europe, through municipalization. I will not live that long."

According to a recent Levada Center poll, only 14% of Russians are prepared to return the Crimea to Russia.

The Interpreter is a special project of the Institute of Modern Russia, a New York-based think-tank whose president is Pavel Khordorkovsky, son of Mikhail Khodorkovsky.

The Interpreter
@Interpreter_Mag
Russian-to-English translation journal, with original analysis and commentary on Russia's foreign & domestic policy.
Interpreter_Mag
New Pictures Of Donetsk Airport After Weeks Of Attacks

If you want to know why Donetsk Airport is important to this conflict, Read our summary of the airport's symbolic meaning here and see the multimedia presentation linked in the bottom of our last update.

If you want to know what the airport that was once the symbol of Ukraine's promise looks like now, these pictures are a good place to start:

X

Acknowledgements