Warsaw has initiated a preferential lending program to support Polish companies in Ukraine’s reconstruction. Poland has introduced a state preferential lending program aimed at assisting Polish businesses in the reconstruction of Ukraine, allocating approximately €58.25M. The maximum loan amount for a single... #Belgium #businessinukraine #LoansforBusiness #Poland #SupportBusiness #Sweden #UkraineRecovery
Belgium views the idea of resuming energy cooperation with Russia as unrealistic. Any efforts to return to this trade relationship are unfounded, said Belgian Energy Minister Mathieu Bihet, commenting on the increasing calls in Europe to restart energy imports from Russia amid dipl... #Belgium #EnergyIndependence #MathieuBihet #RussianEnergyResources #RussianLNG
Belgium will provide Ukraine with €1B in defense aid and two F-16s this year, while Norway is allocating over $332M for ammunition. Belgium will contribute a €1B defense aid package to Ukraine. Prime Minister Bart de Wever specified that the funds will be utilized to purchase weapons and enhance the Ukrainian defense industry, par... #ArtilleryShells #BartDeWever #Belgium #F16 #MilitaryAidforUkraine #Norway
Europe has an opportunity to utilize Russian assets in support of Ukraine. Tom Keatinge, director of the RUSI Center for Finance and Security, pointed out that loans are being provided to Ukraine, secured by the proceeds from frozen Russian assets; however, the funds themsel... #Belgium #RUSI #RussianAssetsConfiscation #RussianAssetsProfits #RussianCentralBank
MEPs urge the king of Belgium to facilitate the transfer of €250B in Russian assets to aid Ukraine. Dozens of European MPs have called on King Philippe of Belgium to support the confiscation of over €250B in frozen Russian assets and direct them to Ukraine’s defense and reconstruction. The par... #Belgium #Euroclear #KingPhilippe #RussianAssetsArrested #RussianAssetsConfiscation #SupportUkraine
Germany has increased its purchases of Russian LNG by over 500% through other EU countries. Although Germany has banned tankers carrying Russian LNG, it continues to acquire it through other EU nations. For instance, the energy company Sefe, which was formerly owned by Gazprom and was nation... #Belgium #Gazprom #Germany #RussianGas
New opportunities arise to confiscate Russian assets. A significant portion of the Russian assets that were stored in debt securities in the Belgian Euroclear depository, is now resting in accounts belonging to correspondent banks in cash after the secur... #Belgium #Euroclear #ReparationsForUkraine #RussianAssetsArrested #RussianAssetsConfiscation
Britain will provide Ukraine with a new $286M military aid package; Belgium will not be able to deliver its promised F-16s. Britain will allocate additional military equipment to Ukraine worth £225M ($286M) to support it in the war against Russia. The new package includes: £92M to support the navy £68M for air defense equi... #Belgium #F16 #GreatBritain #MilitaryAid #WarinUkraine
Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i... #Belgium #GreatBritain #Netherlands #Oilmining #RussianLNG #RussianOil #SanctionsAgainstRussia #SaudiArabia
The EU increased its imports of liquefied gas from the Russian Federation by 7%. Supplies of Russian liquefied natural gas to Europe in the first half of the year increased by 7% compared to last year, with France increasing its imports the most. French companies imported almost 4... #Belgium #France #LNG #LNGimport #RussianLNG #Spain #TotalEnergies
Belgium allocates €9M for Ukrainian energy infrastructure, and Ukraine plans to build the first underground hydroelectric power station. The Government of Belgium and the United Nations Development Program (UNDP) concluded a €9M financial agreement, which will be directed to repairing Ukraine’s damaged energy infrastructure. Part... #Belgium #EnergyRestore #energyukraine #Ukrhydroenergo #UNDP
Ukraine’s partners allocate hundreds of millions for reconstruction and preparation for the coming winter. The government of Belgium agreed to provide €150M in financing for Ukrainian reconstruction projects. Part of the funds will be directed to restoring energy and social infrastructure in the Kyiv and C... #Belgium #EnergyRestore #Germany #Latvia #Okhmatdyt #UkraineReconstruction #UkraineRecovery
A security agreement and F-16s pledged by Belgium; allies will provide drones, a Patriot system, and protection in the sky over western Ukraine. Belgium has signed a bilateral security agreement with Ukraine to provide support over 10 years. This year, the document states that the country will provide €977M in military support. In addition, as... #Belgium #F16 #NASAMS #NATO #PatriotSystems #SecurityAgreement #WarinUkraine
EU ambassadors have agreed on a draft security agreement with Ukraine, and Belgium has already started negotiations. EU ambassadors are believed to have already agreed on a draft bilateral security agreement between Ukraine and the EU to continue the G7 declaration on security guarantees. The draft text contains pro... #Belgium #EUambassadors #SecurityAgreement #SecurityGuarantees #SupportUkraine #WarinUkraine
