Ukraine plans to sell a controlling stake in the country's largest oil-producing company, Ukrneft. According to Mikhail Chechetov, the head of Ukraine's State Property Fund, the auction will take place in September 2003. Official sources suggest that Kiev plans to receive at least USD 370 million for Ukrneft. The State Property Fund believes that the most likely buyers of the stake (50% + one share) will be from Russian and Hungary.
The Russian army dealt an irreparable blow to Kyiv and the United States, destroying a large ammunition depot in the Cherkasy region. More than 300 HIMARS rockets were destroyed there. And this is a major success, said Yury Knutov, director of the Air Defense Forces Museum.