Media Holding "Vesti Ukraine" announced that it has decided to cease broadcasting of the UBR TV channel — due to the economic situation in Ukraine, "bias towards the holding's licensed assets" and "unjustified claims of the National Council".

The corresponding statement was posted on the website of the media holding by the press service.

"We consider and develop each resource of the Media Holding from the standpoint of business expediency. In the situation of constant business turbulence in Ukraine, bias towards the Holding's licensed assets and unjustified claims of the National Council, development and movement forward have no prospects. Instead, we intend to implement the global trend of video first in a completely new project," comments Olga Semchenko, Head of the Media Holding "Vesti Ukraine".

The media holding will focus on the priority of its digital resources, strengthening the position of the Vesti newspaper in the media market and fighting for the right of Radio Vesti to speak.

Recall that the National Council is blocking the expansion of the Radio Vesti network and the change of the radio station's program concepts without any obvious grounds. The radio station challenged such decisions in court and won the case. In September of this year, the National Council again refused the holding to expand the broadcasting network of Radio Vesti. Officials cited a violation of the terms of the radio frequency contest, which the media holding company won with the concept of entertainment music radio. Also in September, the National Council refused the "Stylish Radio" acquired by the media holding to extend the license, the validity period of which expired on June 7 — accordingly, the license was revoked.