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Ukraine's Ambassador Addresses Business Leaders in New York

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Ukraine's Ambassador Addresses Business Leaders in New York INSIDE: l 37 die in two mining accidents in Ukraine – page 4 l Four Ukrainian American women climb Mount Whitney – page 9 l “Generation Uke”: young entrepreneurs and more – pages 10-11 THEPublished U by theKRAINIAN Ukrainian National Association Inc., a fraternal W non-profit associationEEKLY Vol. LXXIX No. 32 THE UKRAINIAN WEEKLY SUNDAY, AUGUST 7, 2011 $1/$2 in Ukraine Kyiv policy center’s study Ukraine’s ambassador addresses looks at “Ukraine’s Futures” business leaders in New York by Mark Raczkiewycz ment, investment into that potentially Special to The Ukrainian Weekly lucrative sector was seen as negligible. “This could be explained by general KYIV – Ukraine in 10 years will see global trends,” said Alyona Hetmanchuk, its economy steadily grow its integration director of Institute of World Policy. with the European Union intensify and its “Investment usually comes in the services demographic landscape deteriorate. Its or industry. Agriculture is not so attrac- non-aligned neutrality dominate in for- tive to potential investors, as it requires eign policy, yet it still will be significant- vast input and fails to guarantee big prof- ly influenced by Russia. its.” These “foresights” were recently pub- The policy paper said infrastructure, lished in a policy paper titled “Ukraine’s industry, services and construction were Futures” by the Institute of World Policy, comparatively less mentioned in terms of which analyzed 68 studies from significant development. Ukrainian and non-Ukrainian academia, All the studies said the European research institutes, think tanks and Union is likely to be the dominant vec- experts. The Kyiv policy center used tor of Ukraine’s development. However, methodology designed by the Hague the 20-year old state will most likely Matthew Dubas Center for Strategic Studies, including remain neutral, eschewing North Ambassador of Ukraine to the U.S. Olexander Motsyk (center) recalls Ukraine’s specially crafted computer software to Atlantic Treaty Organization accession achievements during its 20 years of independence, as Charles O’Neill (left), part- ensure objectivity and present a dispas- or other alliances. ner in Chadbourne and Parke LLP, and Consul General of Ukraine in New York sionate overview of the bandwidth of “The current ‘non-bloc’ policy doesn’t Serhii Pohoreltsev listen. views about Ukraine’s future. match either common sense or interna- tional law: foreign politicians still can’t by Matthew Dubas USUBC, who thanked Chadbourne & Overall, 35 percent of the analyzed Parke for allowing the luncheon to be studies were in the Ukrainian language, figure out what ‘non-bloc’ status means NEW YORK – More than 50 represen- because NATO is not a bloc,” said Ms. hosted at its offices and for the work of its 38 percent in English and 25 percent in tatives of American businesses attended a Hetmanchuk. She added: “But the truth is office partner in Kyiv, Slava Johnson Russian. Curiously, only three of the 17 luncheon on July 29 at the law offices of that most analysts expect ‘neutral’ devel- Charles O’Neill, a partner of the law firm, selected Russian-language studies were Chadbourne & Parke, located in opment of Ukraine.” welcomed the participants to the luncheon. penned by Russian authors. Rockefeller Plaza. The event was hosted Noneless, many scenarios regarding Ambassador Motsyk opened his by Ukraine’s Ambassador to the United Ukrainian-language studies were the Ukraine’s non-alignment, perceive this address by recalling the first time he came States Olexander Motsyk, and was co- most upbeat about the nation’s economic policy trend as something temporary and to New York, and how he subsequently sponsored by the Embassy of Ukraine and future. They said Ukraine’s economy dependent on political context. For exam- fell in love with the city. He thanked the the U.S.-Ukraine Business Council would boom in the next 10 years, driven ple, Russia strongly opposes Ukraine’s participants, organizers and the law offices (USUBC). by technological development. However, cooperation with NATO, although the of Chadbourne & Parke for making events the majority of the other sources project- scope and reach of its cooperation with The purpose of the event was to allevi- like this possible. ed “slow” economic growth, though none the alliance is much deeper than ate foreign investment concerns and to The ambassador noted that this year said the country’s economy would stag- Ukraine’s. It considers Ukraine as part of show the wide range of investment oppor- marks the 20th anniversary of Ukraine’s nate. its “sphere of influence.” tunities in Ukraine. independence and underscored its record Investment into industry and commu- Not surprisingly, the political arena This was the second such luncheon as a peaceful nation, although it once had nication will receive significant attention. remains unclear, according to the majori- hosted this year; a similar luncheon was the third largest nuclear arsenal in the Though Ukraine’s agricultural sector is ty of studies. held on July 14 in Washington. world. Ukraine surrendered its nuclear perceived as the primary division of the The discussion was opened by E. economy that will experience develop- (Continued on page 20) Morgan Williams, president of the (Continued on page 12) UWC president visits Ukrainians in Romania, Hungary, Czech Republic UWC Stefan Buciuta, a deputy of Parliament and president of the Association of TORONTO – The president of the Ukrainians in Romania (AUR); Mr. Ukrainian World Congress, Eugene Czolij, Buciuta’s advisor, Myroslav Petrecky; in late June and early July paid a visit to and an inspector of the Ministry of Ukrainian communities in Romania, Education, Youth and Sport, Elvira Hungary and the Czech Republic to Codrea. Their discussions focused on the become acquainted with their activities various aspects of local Ukrainian com- and to report on the work of the UWC. munity life and the activities of the coor- On June 27-28, the UWC President dinating body for Ukrainian communities visited Romania, home to 62,000 in Romania, the AUR. Ukrainians. During his stay in Bucharest, That same day Mr. Czolij presented he became acquainted with the Ukrainian the work of the UWC to Ukrainians from community and had the opportunity to Bucharest and the surrounding areas who meet with representatives of the were in attendance at a community meet- UWC Romanian government and Parliament to ing. The meeting was chaired by the Ukrainian World Congress President Eugene Czolij among Ukrainian community discuss issues of relevance to Ukrainians. members during a public meeting in Bucharest, Romania. On June 27, Mr. Czolij met with (Continued on page 18) 2 THE UKRAINIAN WEEKLY SUNDAY, AUGUST 7, 2011 No. 32 ANALYSIS Ukraine starts upgrading gas pipelines, Yulia’s lawyer studying case papers Khmelnytsky Oblast. According to the press service of the regional emergency KYIV – The Pechersk District Court department, the destruction occurred in hoping for assistance from EU judge presiding over the case of former the evening on August 1 because of by Pavel Korduban ment estimates the first-stage cost at $539 Prime Minister Yulia Tymoshenko on strong gusts of wind and rain. The munic- August 2 gave her new defense attorney, Eurasia Daily Monitor million, of which $231 million is to be con- ipal executive committee has set up a tributed by Naftohaz and the rest is expect- Yuriy Sukhov, two days to review the commission that will consider restoration Ukraine has launched the first stage of a ed from the European Bank for case file. The decision was made by and reconstruction of the tower. The Old long-planned project to upgrade its pipe- Reconstruction and Development (EBRD) Judge Rodion Kireyev after consideration Fortress of Kamianets-Podilsky is one of lines, which carry Russian gas to Europe. and the European Investment Bank (EIB) of the defense’s petition for eight weeks the most famous monuments of Ukraine’s As the cash-strapped national oil and gas (Interfax-Ukraine, July 19). to study the case. According to Mr. fortifications. Construction of the fortress behemoth, Naftohaz Ukrainy, has no Kyiv estimates the total cost of the proj- Sukhov, “a proper preparation for began in the 12th century. It comprises 11 money for an upgrade costing billions of ect to upgrade its pipelines at $6.5 billion, defense” requires seven weeks for reading towers, each having its own name and dollars, Ukraine will rely on assistance and it should take at least seven years to case materials and a week for analysis. history. The New West Tower was built in from the end consumer, the European implement (Ukrayinska Pravda, July 25). But the public prosecution said that all the 16th century. (Ukrinform) Union, while the supplier, Russia, remains Simultaneously, Naftohaz Ukrainy defenders of Ms. Tymoshenko had been an onlooker – at least for the time being. signed a memorandum with the EBRD, given enough time to study the case mate- EBRD funds Chornobyl projects In order to qualify for European assis- rials. After the announcement of the deci- according to which the EBRD and the EIB KYIV – The European Bank for tance, Ukraine will have to meet the EU sion Judge Kireyev adjourned the hearing would lend $154 million each for the first Reconstruction and Development decided condition to start restructuring Naftohaz. If until 10 a.m. August 4. On August 1 the stage. A final agreement, according to to allocate an additional 70 million euros this occurs, it will be difficult for Moscow court heard testimony
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