The European Bank for Reconstruction and Development (EBRD) will enable Ukrainian banks to provide up to 900 million euros ($1.05 billion) in new loans by sharing credit risks, the EBRD announced in a press release on July 7. The loans will target companies in agribusiness, manufacturing, pharmaceuticals, transport and logistics, as well as energy security […]
Ukrainian strikes deep inside Russian territory between January and May have cost Russia over $10 billion, including $1.3 billion in direct damage to industrial facilities and infrastructure, Commander-in-Chief Oleksandr Syrskyi told journalists on June 21. The indirect damage caused by the disruption of Russian industrial activities is estimated at $9.5 billion, putting the cost-to-result ratio […]
Canadian Prime Minister Mark Carney announced a sweeping new support package for Ukraine on June 17, during a bilateral meeting with President Volodymyr Zelensky on the final day of the G7 summit in Kananaskis, Alberta. The measures include two billion Canadian dollars ($1.5 billion USD) in military funding and new sanctions aimed at restricting Russia’s […]
A one-page draft of a joint declaration for the upcoming NATO summit omits Ukraine’s membership aspirations and last year’s pledge of over $40 billion in support, Bloomberg reported on June 11 after reviewing the draft. This news signals that, for the first time since 2022, Russia‘s war against Ukraine will not be the chief focus […]
Russian President Vladimir Putin did not mention Ukraine’s recent drone strikes that destroyed dozens of Russian strategic bombers during a lengthy televised cabinet meeting on June 4 — despite the attack marking one of the most significant blows to Russia’s military infrastructure since the start of the full-scale war. The strikes, part of Ukraine’s covert […]
Norway will help Ukraine cover a potential one billion euro ($1.08 billion) gas deficit, President Volodymyr Zelensky announced following a meeting with Norwegian Prime Minister Jonas Gahr Store in Vilnius on June 2. “We discussed issues that are important for Ukraine right now. I received a positive signal from him. This concerns gas: if we […]
The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt. This means Kyiv might have to default on paying some $600 million ahead of the deadline in late May. “Ukraine indicated that it could not accept the Restricted Holders’ Proposal […]
A French court has authorized the enforcement of a $5 billion arbitration award against Russia for damages caused to Ukraine’s state-owned energy company Naftogaz during the occupation of Crimea, the company announced on April 17. The decision allows Naftogaz to begin legal recovery efforts in France, including seizing Russian state assets to satisfy the award. […]
Ukraine is ready to purchase 10 U.S.-made Patriot air defense systems for $15 billion to shield densely populated cities from ongoing Russian missile and drone attacks, President Volodymyr Zelensky said in an interview with CBS News released on April 13. Zelensky said he had made the offer directly to U.S. President Donald Trump and previously […]
European countries have already committed more than 50% of the 5-billion-euro ($5.5 billion) package for 2 million ammunition rounds requested by Ukraine, top EU diplomat Kaja Kallas said on April 3 in comments reported by Reuters. Kallas’s statement comes after EU leaders decided at a summit in Brussels on March 20 to help cover Ukraine’s […]
The EU is working on providing Ukraine with 5 billion euros ($5.4 billion) for ammunition, top EU diplomat Kaja Kallas said on March 20, as a much larger 40-billion-euro ($43 billion) package still lacks consensus. Speaking to journalists ahead of an EU summit in Brussels, Kallas called the 5-billion-euro tranche a “realistic plan” that is […]
The European Commission has disbursed an additional 1 billion euros ($1.1 billion) in Macro-Financial Assistance (MFA) to Ukraine, to be repaid with proceeds from frozen Russian assets, the commission announced on March 20. “With today’s payment of 1 billion euros, we are reiterating our steadfast commitment to Ukraine. We are helping the country’s economy stay […]