Ukraine News

Ukraine’s Largest Bank, PrivatBank, Files $3B Lawsuit Against PwC Subsidiaries

Ukraine’s largest bank, PrivatBank, said on Monday [April 1] it had filed a $3 billion lawsuit against the Ukrainian and Cypriot subsidiaries of international accounting firm PwC for alleged breaches during audits of the lender in 2013-2015. It is the …

Ukraine Blames Russian Hackers for Attacks on Power Grid, Financial System

Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine’s …

Islamic Militants Could Target Nuclear Industry, Security Experts Warn

Meter-thick concrete walls and 1950s-style analog control rooms help protect nuclear plants from bomb attacks and computer hackers, but Islamist militants are turning their attention to the atomic industry’s weak spots, security experts say. Concerns about nuclear terrorism rose after …

U.S. Utilities Examine Their Insurance Protection After Ukraine Grid Cyber Attack

U.S. utilities are looking hard at their cyber vulnerabilities and whether they can get insurance to cover what could be a multi-billion dollar loss after hackers cut electric power to more than 80,000 Ukrainians last month. The Dec. 23 incident …

Hackers Caused Ukraine Outage with Malware & Remote Power Cut: Report

Hackers likely caused a Dec. 23 electricity outage in Ukraine by remotely switching breakers to cut power, after installing malware to prevent technicians from detecting the attack, according to a report analyzing how the incident unfolded. The report from Washington-based …

Ratings Roundup: Lemma, Russian Re, Ghana Re, International Energy

A.M. Best Europe – Rating Services Limited has placed under review with negative implications the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Ukraine’s Lemma Insurance Company. Best explained that the rating action “reflects the …

Scientists Downplay Health Risks of Fires Near Chernobyl Nuclear Plant

Fears that fires scorching forests polluted by Chernobyl fallout may propel dangerous amounts of radioactivity into the air are overblown, scientists say, and the actual health risks are very small. Even firefighters tackling the blazes, which officials say have hit …

Russian Troops Dig Canal to Keep Fires from Nuclear Plant

Russian troops dug a 8-km (5-mile) long canal to keep fires caused by a record heatwave away from a nuclear arms site, local media said on Saturday as air pollution from the crisis rose to more than six times above …

Moscow Choked by Wildfire Smoke, Heatwave; Villages Burn; Planes Diverted

Dense clouds of acrid smoke from peat and forest fires choked Russia’s capital on Friday, seeping into homes and offices, diverting planes and prompting exhausted Muscovites to wear surgical masks to filter the foul air. Air pollution surged to five …

QBE Europe Promotes Tonchev and Jenny

QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s German operation. Both roles are effective immediately. They …