20:59 PM Monday, July 16, 2018
UBJ AM July 7, 2017
10% of personal computer hit in cyber attack; foreign reserves up 16% in 2017; Foreign Trade Council formed
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

• Government officials estimate that one in 10 personal computers across Ukraine were compromised in last week’s cyber attack, the Associated Press reports.

• Hackers behind the cyber offensive that hit Ukraine last week are selling a master decryption key that will unlock any infected computer for $250,000 per computer, Quartz reports. The hackers are selling the keys after making only $10,000 from their ransomware attack.

• Ukraine is creating a new government body, the Foreign Trade Council, to promote international trade. Tasks are: facilitating Ukraine's international trade, promoting exports, formulating trade strategies, and improving customs and tariff regulations.

• British Foreign Secretary Boris Johnson raised concerns Thursday that Ukrainian government reforms are faltering, according to Reuters. Johnson worries about the selection of Supreme Court judges and the slow pace of anti-corruption measures.

• The National Bank of Ukraine reports that Ukraine’s international reserves grew by 16% in the first half of 2017 to hit $17.9 billion today.

• Ukraine will only receive $3 billion in aid from the IMF this year, instead of the $4.5 billion originally planned. The government’s delays in passing reforms are behind the cut in aid.

• EBRD President Suma Chakrabarti says the bank fully supports Ukrainian reforms and will continue to invest in the country.

• The 19th annual EU-Ukraine Summit takes place July 12-13, in Kyiv. The summit will focus on the conflict in Eastern Ukraine and Russia's illegal annexation of Crimea.

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

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