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THURSDAY, JULY 2, 2020

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EU to counter U.S. Nord Stream-2 sanctions
BRUSSELS, June 30 - The European Commission is preparing measures to protect the European Union as it faces threatened U.S. sanctions, which could break international law, on a link to carry gas directly from Russia to Germany, Reuters reported citing EU’s foreign policy chief. 16:49 | More

World Bank appoints Banerji as country director for Ukraine, Belarus, Moldova
KYIV, June 30 – The World Bank has appointed Arup Banerji Country Director for Belarus, Moldova, and Ukraine, who, prior to this position, was the Country Director for the European Union, overseeing the Bank's operational, strategy and knowledge work in the EU member states. 16:48 | More

Zelenskiy, Orban may meet in July to boost Ukraine-Hungarian ties
KYIV, June 30 – President Volodymyr Zelenskiy and Hungarian Prime Minister Viktor Orban may meet by the end of July to improve relations between the two countries, Deputy Foreign Minister Ukraine Vasyl Bodnar said. 16:46 | More

President of Ukraine Volodymyr Zelenskyy held the first meeting of the National Council of Reforms with the participation of the leadership of the Cabinet of Ministers and the Verkhovna Rada. (Photo by Presidential press service.)

World Bank approves $350-mln loan to support economic reforms in Ukraine
KYIV, June 30 – The World Bank's Board of Executive Directors today approved a $350 million First Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms that are critical to economic recovery. 16:45 | More

IN FOCUS	Zelenskiy calls for more pressure on Moscow KYIV, June 21 - President Volodymyr Zelenskiy said the international community must maintain pressure on Moscow to return the land it seized from Ukraine in 2014, adding that international sanctions against Russia must continue, The Globe and Mail reported. 12:41 \| More
Poor savings worsen Ukraine’s contraction KYIV, June 25 – Ukraine’s economy is severely impacted by the coronavirus pandemic due to poor level of savings at households as the 2.5-month lockdown had dramatically reduced consumption, an International Monetary Fund official said Thursday. 00:01 \| More

COMMENT AND ANALYSIS

Threats persist from Chernobyl and Fukusima, Greenpeace reports The forest areas around Ukraine's Chernobyl and Japan's Fukusima remain sources of radiation and carry a potential threat to the health of local residents, Greenpeace said.More	Consumer inflation slowing faster than expected, NBU reports The actual slow of consumer inflation in February in annual terms is quicker than the inflation-slowing trajectory to 12% as of late 2016 projected by the National Bank of Ukraine, the regulator has reported on its website.More
ING analysts forecast 2016 GDP decline, citing political risks Analysts from ING Bank have confirmed the forecast of a decline in real gross domestic product in 2016 by 1%, pointing to a predominance of political risks in the economy.More	NBU: Hryvnia slide caused by temporary and fundamental factors The decrease of the hryvnia exchange rate on the interbank currency market continue being caused by both temporary and fundamental market factors that result in the reduction of supply of foreign currency, Deputy National Bank of Ukraine Governor Oleh Churiy said.More