Ukraine: Daily Briefing – August 7, 2018, 5 PM Kyiv time

Ukraine: Daily Briefing
August 7, 2018, 5 PM Kyiv time
 
Ukrainian Armed Forces training exercises. 
Photo – Ukraine’s Ministry of Defense


1. Russian Invasion of Ukraine
Ukraine’s Ministry of Defense reported at 12:30 PM Kyiv time that in the last 24 hours, no Ukrainian soldiers were killed and three Ukrainian soldiers were wounded in action. In the last 24 hours, Russian-terrorist forces opened fire on Ukrainian positions on the Luhansk and Donetsk sectors of the front 30 times in total, including at least 5 times with heavy weapons. Returning fire, Ukrainian forces killed one and wounded 4 enemy combatants.
2. G7 Ambassadors to Ukraine welcome completion of legislative process forming the High Anti-Corruption Court
On August 6, the Ambassadors of the G7 (Canada, France, Germany, Italy, Japan, UK, US) to Ukraine stated, “G7 Ambassadors welcome completion of the legislative process forming the HACC. We look forward to supporting Ukraine as it establishes an effective Court, a key component of Ukraine’s system of independent anti-corruption institutions, the integrity of which must be protected. We also encourage close cooperation between Ukraine and the IMF in implementing all other necessary actions for release of the next IMF tranche, which is important for sustaining growth and macroeconomic stability.”
3. Naftogaz intensifies transmission system operator unbundling efforts
Naftogaz of Ukraine reported, “Naftogaz of Ukraine has engaged PricewaterhouseCoopers to support the transformation of Ukrtransgaz and prepare for the unbundling of the country’s transmission system operator (TSO). In the next three months, consultants will focus on the three key streams:
            1) Identification of natural gas transmission assets not involved in transit activities and organization of transfer of such assets to MGU. This should happen in accordance with the following criteria: (a) the transfer of these assets does not jeopardize transit activities or any obligations of Naftogaz of Ukraine or Ukrtransgaz under the transit contract with Gazprom (b) the transfer is compliant with both primary and secondary legislation of Ukraine and (c) separation will not pose risks to the further financial sustainability of both operators.
            2) Development of a roadmap for Branch TSO extension and separation into a legal entity within Naftogaz of Ukraine.
            3) Assessment of functions to be transferred to the Branch TSO and implementation of a pilot project for the optimization of selected functions and their transfer to the Branch TSO.

Based on the results of the above focuses, Naftogaz of Ukraine will plan and initiate longer-term preparations for the unbundling of the TSO in the post-2019 period.”


Related Posts


facebook YouTube Channel Instagram twitter RSS Feed