21:13 PM Monday, July 16, 2018
​UBJ AM July 3, 2017
NBU wants tougher cyber security for banks; Ukrenergo wins access to Euro power market; US Frontera want to explore in South
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Ukraine’a Security Service, or SBU, has blamed Russia for last week’s cyber attack that crippled Ukraine and spread globally. It said Russia intended to destroy important data and sow panic. A Kremlin spokesman dismissed "unfounded blanket accusations.”

• The National Bank of Ukraine has proposed tougher cyber security requirements in Ukrainian banks. These would include protection from malicious code, security measures for e-mails, control of access to the IT systems of banks, security measures in the banks’ networks and information crypto security. The proposal also suggests hiring chief information security officers who would have the authority to make managerial decisions.

• Ukraine’s Foreign Ministry is preparing to implement a regulation requiring Russian citizens to only enter Ukraine with biometric passports, according to Interfax. Such a requirement has not yet been imposed.

• A recent survey by GfK Ukraine found that 39% of Ukrainian residents believe there is no alternative to the country’s European integration. Most respondents, 52%, do not believe that the neutral status of Ukraine can protect them from Russian aggression, Interfax reports.

• National energy company Ukrenergo has been allowed access to the European energy market, Ukrenergo’s Director Vsevolod Kovalchuk said on his Facebook page. Ukraine applied to enter the energy market in 2006.

• Two defense agreements signed during President Poroshenko’s June 20 visit to Washington will facilitate sales of military equipment from the U.S. and promote joint research and development, Reuters reports. The two agreements do not cover the issue of lethal weapons.

• London-based Regal Petroleum will sell all its gas production to affiliate Smart Energy to escape Ukraine’s bureaucratic hurdles. The move comes in response to new tax codes introduced over the last two years.

• American oil companies Frontera Resources and Longfellow have applied for permission to carry out hydrocarbon exploration and production projects in the Odessa and Poltava regions, reports.

• Thursday marked the beginning of Ukraine’s grain harvest in five southern regions despite unfavorable weather conditions in recent weeks, according to Reuters. Ukraine harvested a record 66 million tons of grain in 2016.

• This week, Kyiv’s Zhulyany Airport will begin hosting summer flights to Lisbon and Tel-Aviv, via DART airlines and YanAir, respectively. The flight to Portugal will be the longest European route flown by a Ukrainian airline.

For comments or story tips, please email UBJ AM News Editor Mark Satter at

We recommend
SBU thwarts massive cyber attack: Ukraine & France...
Editor Jul 16, 2018
Moody’s upgrade Ukrainian banking; Nibulon secures...
Bohdan Nahajlo Jul 13, 2018
Economic growth looking better; Ukraine overtakes...
Bohdan Nahajlo Jul 12, 2018
--> --> -->