5 April 2014



Reconstruction of Chrestyatyk Street (Maidan Square) has begun by people involved in the Maidan movement. Currently, people are working on a volunteer basis however the government has assured that there will be funds dedicated to this work.

The Ukrainian government has announced that it does not accept the natural gas price of $485 per 1,000 cubic meters, but is ready to buy Russian gas at $268 per 1,000 cubic meters. Ukraine's Minister of Energy and Coal Industry Yuriy Prodan has said that if no agreement is reached over gas price with Russia, Ukraine will take the case to the Stockholm arbitration.

The Ukrainian government is urgently seeking ways to import natural gas from the West after Moscow almost doubled its discounted gas tariff last week. One possibility is ‘reverse flows’, in which EU countries (Slovakia?) would send gas back down pipelines normally used to carry Russian supplies through Ukraine to the West. However, Alexei Miller, Gazprom's chief executive officer, said today that this raises ‘several questions’. He hinted at legal action against Ukraine, but it is not clear what this would be.

The Ukrainian parliament has also announced that it has authorized access to the military of other countries on the territory of Ukraine for military exercises in 2014. The bill will allow foreign Armed Forces to enter the territory of Ukraine to participate in military exercises in 2014. So far, this includes Polish and US training.

The Ukrainian government has also announced the launch of a common project of IT companies. The initiators of the program hope to stop the outflow of Ukrainian developers abroad and to improve the work and life conditions of IT specialists in Ukraine. Plans also include the creation of 100,000 new jobs in the IT sector by 2020. And USD 1bn will be invested into the expansion and modernization of the educational system of Ukraine.


In Crimea, the text of the new Crimean constitution is due to be ready 8 April. It is being drafted by ‘Crimean officials’ and ‘Russian experts’.

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