Politics

Monday, July 1

Ukraine will receive the first funds from the frozen assets of the Russian Federation this summer.

Ukraine will receive the first funds from the frozen assets of the Russian Federation this summer. This summer, the European Council hopes to direct to Ukraine the first revenues from profits generated by the assets of the Russian Central Bank, which were blocked in Europe after the Russian full-sc...

Ukraine will receive another $2.2B from the IMF.

Ukraine will receive another $2.2B from the IMF. The Board of Directors of the IMF completed the fourth review of the Extended Fund Facility for Ukraine (EFF), deciding to allocate about $2.2B to budget support. “Despite the difficult conditio...

The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added.

The IMF has updated its memorandum with Ukraine; most conditions have been met, but new beacons have been added. Ukraine has already fulfilled 23 of the 37 requirements involving reforms and legislation changes. Among them are two new ones: changing the Criminal Procedure Code by the end of October to allow the ...

Ukraine may receive rockets for the HAWK air defense system from the US and eight Patriot systems from Israel.

Ukraine may receive rockets for the HAWK air defense system from the US and eight Patriot systems from Israel. As part of a new $150M aid package, the Biden administration will provide Ukraine with, among other things, HAWK anti-aircraft interceptor missiles, said US officials. In addition, the US, Israel and ...

Friday, June 28

Ukraine signed a security agreement with the EU and two other European countries.

Ukraine signed a security agreement with the EU and two other European countries. The President of Ukraine, Volodymyr Zelenskyy, and the Presidents of the European Council, Charles Michel, and the European Commission, Ursula von der Leyen, signed Joint Security Commitments between ...

Zelenskyy, with allies, wants to create a plan to end the war in a few months.

Zelenskyy, with allies, wants to create a plan to end the war in a few months. President Volodymyr Zelenskyy said that Ukraine and its allies should, within a few months, develop an action plan based on the results of the Swiss Peace Summit that would force Russia to make peace....

NATO countries are considering several options for long-term financing for Kyiv but struggle to agree.

NATO countries are considering several options for long-term financing for Kyiv but struggle to agree. Many allies in the Alliance are shying away from adopting specific multi-year commitments on aid spending to Ukraine. However, some allies are wary of formalizing the pledge with a specific number and...

Thursday, June 27

The US refuses to recognize Russia as a state sponsor of terrorism but is discussing better ways to bring it to justice.

The US refuses to recognize Russia as a state sponsor of terrorism but is discussing better ways to bring it to justice. Washington does not plan to include the Russian Federation in the list of countries sponsoring terrorism, said US State Department spokesman, Matthew Miller. “We believe there are more effective...

The US might allow American military companies to work in Ukraine to speed up equipment repair.

The US might allow American military companies to work in Ukraine to speed up equipment repair. The Biden administration is considering lifting the ban on allowing American military contractors in Ukraine. If approved, the changes would likely take effect this year and allow the Pentagon to awar...

What reforms will influence the speed of negotiations on Ukraine’s accession to the EU?

What reforms will influence the speed of negotiations on Ukraine’s accession to the EU? Reforms in fundamental sectors will set the pace for Ukraine’s EU accession negotiations, said the head of the Belgian Foreign Ministry, Hadja Lahbib. In order to join the EU, Ukraine must adapt...

The government has approved an energy development plan that is required to join the EU.

The government has approved an energy development plan that is required to join the EU. The Cabinet of Ministers approved the National Energy and Climate Plan (NECP) for the period until 2030. The plan coordinates environmental, energy, and economic policies for Ukraine’s sustainab...

Wednesday, June 26

The EU has started accession negotiations with Ukraine and Moldova; Hungary is against it but will not block it.

The EU has started accession negotiations with Ukraine and Moldova; Hungary is against it but will not block it. On June 25, 2024, the European Union officially started negotiations with Ukraine and Moldova to join the EU, European Commission President Ursula von der Leyen said, adding: “The road ahead wil...

Hungary will appeal the transfer of the proceeds from frozen Russian assets to Ukraine, blocking another €6.6B in support.

Hungary will appeal the transfer of the proceeds from frozen Russian assets to Ukraine, blocking another €6.6B in support. The Minister of Foreign Affairs of Hungary, Péter Szijjártó, said “the EU crossed a red line” by using €1.4B in Russian asset revenue to finance the supply of weapons to Ukraine, while ...

Ukraine signed a €27B loan agreement with the EU under the Ukraine Facility program.

Ukraine signed a €27B loan agreement with the EU under the Ukraine Facility program. Ukraine and the European Commission have signed a credit agreement within the Ukraine Facility program, which will provide €27B in loans from 2024-2027 to finance the state budget deficit. The Nationa...

The US is preparing to announce a $150M military aid package to Ukraine, and Prague and Madrid deliver weapons.

The US is preparing to announce a $150M military aid package to Ukraine, and Prague and Madrid deliver weapons. The new package from the US will include anti-tank weapons, grenades, and critically needed 155-mm and 105-mm artillery shells; it is also expected to contain ammunition for HIMARS artillery rocket sy...

Tuesday, June 25

The EU will start arming Ukraine with money earned from Russian assets.

The EU will start arming Ukraine with money earned from Russian assets. On June 24, EU countries approved the first tranche of military aid to Ukraine, about €1.4B, which will come from the proceeds of frozen Russian assets. The funds will be used to purchase equipment su...

Germany helped improve logistics at the Ukrainian border, while the Czech Republic warned about the low quality of the shells that had been purchased.

Germany helped improve logistics at the Ukrainian border, while the Czech Republic warned about the low quality of the shells that had been purchased. Germany handed over 41 Mercedes Arocs trucks to the State Border Service of Ukraine to improve border patrol logistics and combat effectiveness at the front. At the same time, the Minister of Defense ...

Monday, June 24

Ukraine will officially begin negotiations regarding its accession to the EU on June 25.

Ukraine will officially begin negotiations regarding its accession to the EU on June 25. The EU Council approved the negotiating framework for Ukraine and Moldova and confirmed that intergovernmental conferences to launch negotiations will be held on June 25 in Luxembourg. President Zelen...

By the end of the year, Ukraine will receive at least $65B from the US, the G7, the EU, and the IMF.

By the end of the year, Ukraine will receive at least $65B from the US, the G7, the EU, and the IMF. The Ukrainian government expects to receive $7.9B in credit support from the US, Minister of Economy Yuliya Svyrydenko said. At a meeting of the Economic and Financial Affairs Council, the EU finance ...

The EU has agreed on the 14th package of sanctions against the Russian Federation, targeting LNG and the shadow tanker fleet.

The EU has agreed on the 14th package of sanctions against the Russian Federation, targeting LNG and the shadow tanker fleet. The new measures include a ban on the transshipment of Russian liquefied natural gas and a plan to hold EU operators responsible for sanctions violations by their subsidiaries and partners in third co...

Thursday, June 20

Ukraine will not be a priority for Hungary during its EU presidency.

Ukraine will not be a priority for Hungary during its EU presidency. Hungary’s representative in the EU, Odor Balint, said that Hungary, as the head of the EU Council, wants to “balance” the bloc’s expansion processes to promote the integration proces...

Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly.

Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly. Denmark will make a second, DKK 1.2B ($170M) contribution within the framework of the ZBROYARI: Manufacturing Freedom initiative, Minister of Strategic Industry Oleksandr Kamyshin said. According to t...

Wednesday, June 19

NATO will send a clear message about Ukraine’s membership prospects in Washington.

NATO will send a clear message about Ukraine’s membership prospects in Washington. At the upcoming Alliance summit in Washington, NATO Secretary Jens Stoltenberg said, there will be “no dates” regarding Ukraine’s membership. “I expect that we will reach an ag...

Italy will give Ukraine long-range Storm Shadow missiles, and Germany will send the Frankenstein air defense system.

Italy will give Ukraine long-range Storm Shadow missiles, and Germany will send the Frankenstein air defense system. Italy will transfer long-range Storm Shadow missiles to Ukraine as part of its ninth aid package, which Defense Minister Guido Crosetto will present to the parliament by the end of this month. The exa...

Spending on nuclear weapons reached a record $91B; this is enough to provide greenenergy for 12 million homes.

Spending on nuclear weapons reached a record $91B; this is enough to provide greenenergy for 12 million homes. As reported by the International Campaign to Abolish Nuclear Weapons (ICAN), the nine states that possess nuclear weapons spent $91.4B on them last year. This spending is effectively useless, as the n...

Tuesday, June 18

The EU will not finance a $50B loan to Ukraine, so who will provide the funds, and what are the risks?

The EU will not finance a $50B loan to Ukraine, so who will provide the funds, and what are the risks? Italian Prime Minister Giorgia Meloni explained that EU countries are not planning to participate directly in the $50B loan that the G7 plans to provide to Ukraine through the proceeds from frozen Rus...

Ukraine seeks to hold a second peace summit before the US elections, and Russia will receive an action plan to end of the war.

Ukraine seeks to hold a second peace summit before the US elections, and Russia will receive an action plan to end of the war. The second Ukrainian Peace Summit can be held before the presidential elections in the US, said the Minister of Foreign Affairs of Switzerland, Ignazio Cassis. Although the specific terms were not ann...

Peace summit updates: Switzerland will brief Russia and China; two countries have withdrawn their signatures from the joint communiqué.

Peace summit updates: Switzerland will brief Russia and China; two countries have withdrawn their signatures from the joint communiqué. Switzerland will discuss the results of the summit with Russia, China, and other countries that were not among the more than 100 countries and international organizations in attendance, said the Minis...

Monday, June 17

Historic moment: what did Ukraine and the US agree on within the 10-year security agreement?

Historic moment: what did Ukraine and the US agree on within the 10-year security agreement? Kyiv and Washington signed a bilateral security agreement in which the US undertakes long-term commitments aimed at supporting Ukraine’s efforts to win the war and deter possible military aggres...

The final communiqué of the Peace Summit was signed by 80 states and four organizations: What was declared?

The final communiqué of the Peace Summit was signed by 80 states and four organizations: What was declared? During the Global Peace Summit in Switzerland on June 15-16, the participants agreed on a common position on three points: food security, nuclear and energy security, and the release of all captured a...

The US announced $1.5B for Ukraine’s energy sector at the Peace Summit.

The US announced $1.5B for Ukraine’s energy sector at the Peace Summit. During a meeting with Volodymyr Zelenskyy in Switzerland, US Vice President Kamala Harris announced a new energy aid package to be provided by USAID and the State Department. In particular, USAID is p...

EU ambassadors have agreed on the negotiation framework for Ukraine and Moldova’s accession.

EU ambassadors have agreed on the negotiation framework for Ukraine and Moldova’s accession. On June 14, permanent representatives from the EU member states approved in principle the negotiating framework for the accession of Ukraine and Moldova, the Belgian Presidency of the Council of the E...

Denmark will be the first NATO country to invest in the production of Ukrainian weapons; with the Netherlands, Ukraine will finance domestic defense companies.

Denmark will be the first NATO country to invest in the production of Ukrainian weapons; with the Netherlands, Ukraine will finance domestic defense companies. The head of the Ministry of Defense, Rustem Umerov, announced that Denmark will invest in the production of weapons in Ukraine during a meeting of the Contact Group on Defense of Ukraine in the Ramste...

NATO has approved a plan to expand its support to Ukraine, but it will not be €40B annually.

NATO has approved a plan to expand its support to Ukraine, but it will not be €40B annually. According to Secretary General Jens Stoltenberg, the plan envisages the Alliance assuming the international coordination of the supply of weapons and training for the Armed Forces of Ukraine. NATO lea...

EU and NATO leaders have responded to Putin’s demands regarding the terms of peace talks with Ukraine.

EU and NATO leaders have responded to Putin’s demands regarding the terms of peace talks with Ukraine. On the eve of the Peace Summit in Switzerland, to which Russia was not invited, the Russian president said that for peace talks to begin Ukrainian troops must completely withdraw from four of its regi...

Ukraine has signed a security agreement with Japan, and 10 similar agreements are being prepared.

Ukraine has signed a security agreement with Japan, and 10 similar agreements are being prepared. Ukraine and Japan signed a bilateral security agreement, under which Japan will provide Ukraine with $4.5B in 2024 and will continue to help throughout the ten-year term of the agreement. The document...

Friday, June 14

These are the details of the G7’s agreement to loan Ukraine $50B.

These are the details of the G7’s agreement to loan Ukraine $50B. The G7 countries have agreed on a loan structure based on the respective size of their economies that will provide Ukraine with about $50B in new aid, which will begin to arrive by the end of the year...

The US and Ukraine have signed a security agreement in Italy, sending a strong signal to Russia.

The US and Ukraine have signed a security agreement in Italy, sending a strong signal to Russia. The bilateral security agreement signed between the US and Ukraine guarantees military support for Ukrainian forces both now and in the future and serves as a signal to Putin that America is ready to ...

URC2024 results: G7+ will provide $1B in aid to Ukraine’s energy sector, and projects worth €16B announced at the conference.

URC2024 results: G7+ will provide $1B in aid to Ukraine’s energy sector, and projects worth €16B announced at the conference. At a high-level meeting of the G7+ Coordination Group on Aid to Ukraine’s Energy Sector in Berlin, Ukraine’s allies announced additional aid for Ukraine’s energy sector totaling more than ...

The first F-16s will arrive this summer, together with more ammunition and armored vehicles from our allies.

The first F-16s will arrive this summer, together with more ammunition and armored vehicles from our allies. The head of the Ministry of Defense of the Netherlands, Kajsa Ollongren, said that Ukraine will receive the first F-16 fighter jets from its Western allies this summer. Moreover, Ukraine will have the...

Ukraine’s victory in the war is a basic requirement for its membership in NATO.

Ukraine’s victory in the war is a basic requirement for its membership in NATO. NATO Secretary General Jens Stoltenberg noted: “I expect that the allies will make an important announcement in the run-up to the Washington summit and at the summit itself regarding the supply ...

NATO moves to mandate the provision of weapons to Ukraine by member countries.

NATO moves to mandate the provision of weapons to Ukraine by member countries. Secretary General of NATO Jens Stoltenberg in Brussels said the supply of weapons to Ukraine will become mandatory for NATO countries. These supplies will be coordinated by the military bloc’s command...

The US Department of State believes Ukraine can become a natural green energy bank for the EU.

The US Department of State believes Ukraine can become a natural green energy bank for the EU. US Assistant Secretary of State for Energy Resources, Geoffrey Pyatt, stated at the Ukraine Recovery Conference in Berlin: “We need to change the paradigm of how we see Ukraine’s energy fu...

Thursday, June 13

Restoration of Ukraine’s energy system: What was agreed upon at URC2024?

Restoration of Ukraine’s energy system: What was agreed upon at URC2024? Ukrenergo signed a €15M grant agreement with the German state development bank, KfW. The company said the funds would be used to purchase critical equipment and restore high-voltage substations after ...

The EIB is strengthening its support for Ukraine’s recovery and economic development.

The EIB is strengthening its support for Ukraine’s recovery and economic development. The European Investment Bank has announced several support programs at URC2024 in Berlin. The EIB Group is preparing two programs to restore Ukraine’s housing stock. The first is a €230M initiat...

The US and EU are strengthening their military support for Ukraine, providing various air defense systems.

The US and EU are strengthening their military support for Ukraine, providing various air defense systems. US President Joe Biden decided to transfer another Patriot missile complex to Ukraine, the second system Washington has transferred. The system will be deployed on the front line in just a few days. M...

The EC will create an equity fund to promote Ukraine’s recovery.

The EC will create an equity fund to promote Ukraine’s recovery. German Chancellor Olaf Scholz reported that his country and its European partners are already defining decisive guidelines and essential prerequisites for Ukraine’s successful recovery. “Recover...

Wednesday, June 12

URC2024: The preliminary results from the Ukraine Recovery Conference in Berlin.

URC2024: The preliminary results from the Ukraine Recovery Conference in Berlin. President Zelenskyy stated that, with the help of its partners, Ukraine will build up to one GW of gas-fired generator shunting capacity this year and another four GW in the coming years. The Chancell...

The parliament explains how Ukraine could cover its budget deficit.

The parliament explains how Ukraine could cover its budget deficit. Due to military expenses, a deficit has formed in the state’s budget. Ukraine spent 43% of the planned annual defense budget in just four months. According to the Chairman of the Parliament’s Fi...

In Berlin, Ukraine presented a $27B investment guide, and the EU launched the Ukraine Investment Framework.

In Berlin, Ukraine presented a $27B investment guide, and the EU launched the Ukraine Investment Framework. The Ministry of Economy of Ukraine presented its Investment Guide at the URC2024 in Berlin. The guide contains a detailed overview of key sectors – energy, transport and logistics, the agro-indu...

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