Russia’s oil export revenues remain high as energy sanctions fail to offset rising global prices. Improved external dynamics are helping to stabilise the ruble and support the budget.
The European Bank for Reconstruction and Development (EBRD) will invest €1.5bn into Ukraine until the war ends making the development bank the country’s biggest investor, the bank said on May 28.
International companies are already setting up in Moldova with the aim of supplying the reconstruction of Ukraine.
15 EU member states have already contributed more than €1.6bn to the Czech-led initiative. The first shipment should arrive in the next few days.
Budapest blocks freeing up of a further €6.5bn from the European Peace Facility, as well as the 14th package of sanctions on Moscow.
In Odesa, a young woman was badly bruised when a draft officer attacked her with metal crutches as she protested her friend’s detention by a press gang.
After launching its February 2022 invasion of Ukraine and being sanctioned by the West, Russia has doubled down on its overtures to countries of the Global South.
Drones have become a game-changer in the full-scale Russo-Ukrainian war and, after an early lead, Ukraine is losing now as Moscow outproduces and out-innovates Kyiv.
Russian President Vladimir Putin is prepared to halt the war in Ukraine with a negotiated ceasefire based on recognising the current battlefield lines, four Russian sources told Reuters.
The US continues to vacillate over giving Kyiv permission to use US-made weapons to hit targets inside Russia’s territory, as Ukraine’s military situation deteriorates further.
Mikhail Fridman, founder of Alfa Group, is the first Russian billionaire to challenge European sanctions and demand compensation for his frozen assets, reports Vedomosti.
Poland has recently detained nine individuals for allegedly carrying out sabotage operations directed by Russian intelligence.
Sixty-plus experts examine degradation caused by land overuse and misuse, climate change and biodiversity loss.
Both Czechia and Poland have so far resisted Kyiv’s call to send military-age male refugees home.
Russian President Vladimir Putin was on a lovefest to China this week as the two continue to move closer together. But before he left, Putin told its military bosses that they need to focus on both guns and butter as he plans for the long term.
In another step in the creeping escalation, the US said sending military trainers” to participate in the War in Ukraine is “inevitable"
US Secretary of State Antony Blinken said Ukraine has to “make its own choice” when deciding to use US-made weapons to strike targets inside Russia.
EBRd report finds sanctions and trade disruptions have led to transformations in trade patterns across the Emerging Europe and Central Asia region.
The EU has set up the Ukraine Facility that is backed with the recently approved four-year €50bn support package that will provide funds for Ukraine’s reconstruction amongst other things.
Development bank makes downward revision in latest forecasts after worse than expected Q1 figures for Central Europe.