EAVEX Weekly
Kyiv-listed stocks suffered notable losses over the first two weeks of August, as tensions between Ukraine and Russia have been on the rise amid increased fighting in the Donbass conflict zone. In a related serious development, Russian President Putin last week accused the Ukrainian government of planning terrorist attacks in the Russian-controlled province of Crimea. President Poroshenko dismissed the allegations, calling them a possible pretext for new military threats against Ukraine. Putin’s allegations have been neither proven nor disproven, but European and US diplomats have expressed skepticism over the Russian claims. Both countries stepped up security on the de facto border between Crimea and mainland Ukraine. Investors expressed their worries with a selloff across most of blue chips. CentrEnergo (CEEN) was the only exception, gaining 2.0% since the start of the month to close at UAH 7.94 per share, while the UX index dropped 3.8% to 693 points. Raiffeisen Bank Aval (BAVL) sli
