The US Senate Foreign Relations Committee stated on July 10, “U.S. Senators Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Rob Portman (R-Ohio.), co-Chair of the Senate Ukraine Caucus, today led a group of eight of their Senate colleagues in introducing a Senate Resolution condemning the Russian Federation’s ongoing illegal occupation of Crimea. The bipartisan resolution comes ahead of President Trump’s scheduled trip to Europe, where he will attend a NATO Summit in Brussels as well as meet with Russian President Vladimir Putin in Helsinki.
Moody’s forecasts that the banking system will return to overall profitability in 2018 after four years of losses. Although almost three quarters of Ukrainian banks were profitable last year, the sector as a whole made a net loss last year. This was driven by the high provisioning charges at Privatbank, which accounted for 90% of the bank system’s losses at the end of 2017,” Moody’s Investors Service stated.