The EU plans to propose reducing the price cap on Russian oil to the G7 nations as part of its 18th sanctions package. European Commissioner for Economic Affairs Valdis Dombrovskis did not specify the proposed reduction, but may suggest lowering the cap from the current $60 to $50 per barrel. Dombrovskis intends to fo... #ElinaValtonen #G7 #NordStream #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ValdisDombrovskis
EU ambassadors have approved a new sanctions package targeting Russia. In response to Russia’s refusal to agree to a ceasefire, Europeans are set to impose a tough 17th package of EU sanctions. However, it may be weaker than expected. The package has already receiv... #EUsanctions #SanctionsAgainstRussia #ShadowFleetRussia #ValdisDombrovskis
The EC is again considering the full confiscation of frozen Russian assets. The EU should consider taking bolder measures, such as confiscating the Russian Central Bank’s foreign assets as compensation for Ukraine, said Valdis Dombrovskis, the European Commissioner for ... #CompensationForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #ValdisDombrovskis
The EC explains what the allocation of $50B to Ukraine depends on. In order to finalize a $50B loan for Ukraine, secured by frozen Russian assets, the EU and the G7 countries must make a political commitment to participate in this initiative at the end of October, sa... #G7 #LoanForUkraine #ULCM #ValdisDombrovskis
Borrell: Ukraine has a historic window for joining the EU. On the 20th anniversary of the largest membership increase in the history of the EU, the head of EU diplomacy, Josep Borrell, said that the current candidate countries, including Ukraine, have a histo... #EUexpansion #EuropeanIntegration #HuguesMingarelli #JosepBorrell #UkraineEU #ValdisDombrovskis
The EU will provide Ukraine with €3.4B in transition financing and allocate €121M for EBRD recapitalization to increase assistance to Ukraine. The EC has made the first €4.5B payment of transitional financing for Ukraine, and the next payment of €1.5B is planned for this month, subject to Ukraine’s compliance with all established conditions.... #ebrd #EUfinancialAid #UkraineFacility #UkraineRecovery #ValdisDombrovskis
The EU is preparing the 14th package of sanctions, while Russian oligarchs are escaping previous sanctions through the EU court. As EC Vice-President Valdis Dombrovskis reported: “We have started the preparation of the 14th package of sanctions, which should be adopted in the spring. It will probably include a wide list o... #MykhayloFridman #PetroAven #RussianOligarchs #SanctionsAgainstRussia #ValdisDombrovskis
The EC calls the problems on the Ukrainian-Polish border temporary and explains their causes. The Vice-President of the EC, Valdis Dombrovskis, explains that the problems on Ukraine’s border with Poland are a short-term consequence of the Russian war. More precisely, they are echoes from... #agroexportukraine #BorderBlockade #FarmersProtest #ValdisDombrovskis
The EU plans to ban the import of Russian agricultural products. The EC is currently assessing the possibility and impact of blocking the import of farm products from the Russian Federation, the executive vice-president of the EC, Valdis Dombrovskis, said. He added... #AgroExportRussia #AgroRussia #RussianTrade #SanctionsAgainstRussia #ValdisDombrovskis
The EU will spend €10B on a transport corridor from China to Europe through Ukrainian seaports, bypassing Russia. European and international financial institutions are allocating €10B to develop the Trans-Caspian transport corridor from China to Europe, bypassing Russia, said Valdis Dombrovskis, Vice President of... #ChinaEurope #foreignTrade #SeaExport #TransCaspianTransportCorridor #ValdisDombrovskis
The EU is preparing “specific” restrictions for the import of Ukrainian agricultural products. This week, the European Commission will present changes to EU trade legislation that will introduce restrictions on the importation of Ukrainian farm products to countries neighboring Ukraine, said EC... #agroexportukraine #GrainEmbargo #ValdisDombrovskis
The US and the EU insist on providing financial aid to Ukraine as soon as possible. As US Secretary of State Antony Blinken has noted, the lack of additional funding from the States will be a problem for Ukraine, the US, and the world. “Of the money we are asking for, $50B will be sp... #AnthonyBlinken #financialaidforUkraine #PennyPritzker #SupportUkraine #ValdisDombrovskis
The EU is looking for ways to finance the Ukrainian budget deficit next year, and Ukraine is expecting to receive more than $30B in funding. The EC is considering all possible options to finance and support Ukraine but hopes that the EU Council will approve the Ukrainian Fund, which will provide funds to Kyiv from 2024 to 2027, said Execut... #BudgetDeficit #DenysShmyhal #UkraineBudget #ValdisDombrovskis
The EU does not yet have the funds for the land transit of grain from Ukraine. The European Commission has no money in the budget for immediate use and no clear way to help finance the extra transport costs for Ukrainian grain exports that will accompany the end of the Black Sea... #agroexportukraine #GrainExportUkraine #JanuszWojciechowski #PathsOfSolidarity #ValdisDombrovskis
The European Commission is developing a mechanism to guarantee exports to Ukraine and insurance against war risks, Vice President of the European Commission Valdis Dombrovskis told the European Parliament. “The lack of military insurance in most EU member states is considered one of the obstacles to attracti... #InvestmentsinUkraine #MilitaryRiskInsurance #UkraineRecovery #ValdisDombrovskis
The EU will extend Ukraine’s preferential trade status for a year and plans to pay the second tranche of macro-finance at the end of March. The EU plans to extend for another year the trade protection measures on Ukrainian exports to the EU, known as autonomous trade measures, announced the Deputy Chairman of the European Commission, Vald... #financialaidforUkraine #ValdisDombrovskis
Allies pressure the IMF to provide Ukraine with a new $14-16B program. According to the FT, IMF representatives plan to meet Ukrainian officials in Warsaw in mid-February to discuss the loan terms. The fund is considering the possibility of launching a program for $14-16... #financialaidforUkraine #IMFprogramforUkraine #ValdisDombrovskis
The European Commission will hold a meeting with the Ukrainian government in Kyiv on February 2. According to the official representative of the EC, Eric Mamer, this meeting is a powerful symbol of the solidarity of the European Commission and the EU with Ukraine during these challenging times fo... #EuropeanCommission #UrsulavonderLeyen #ValdisDombrovskis
The European Union will extend trade liberalization with Ukraine. The EU is leaning toward prolonging full trade liberalization with Ukraine in order to support its economy in the face of industrial concerns. The bloc is likely to expand those measures because they ... #UkraineEUtrade #UkraineForeignTrade #ValdisDombrovskis
The EU has approved the ninth package of sanctions against Russia. According to European Commission President Ursula von der Leyen, the most recent package focuses on technology, finance, and media. It contains sanctions against approximately 200 people and organizat... #RussianMediaSanctions #SanctionsAgainstRussia #ValdisDombrovskis
The EU plans to continue its policy of fully promoting trade with Ukraine. The European Union, which after the start of Russia’s war against Ukraine introduced a most favorable regime for trade with Ukraine, plans to continue this policy from the beginning of 2023, sai... #EUUkrainefreetrade #UkraineTrade #ValdisDombrovskis
The EU aims for the next aid payment in early January. The European Union should be able to provide Ukraine the first portion of a new €18B aid package starting in January if the approval process goes smoothly, the bloc’s vice president, Valdis Dombrovski... #EUaidforUkraine #financialaidforUkraine #ValdisDombrovskis
Ukraine has been left without €3B worth of macro-financial aid this year but will receive €2.5B by the end of the month. According to European Commission, the EU will not be able to allocate €3B to Ukraine, the last third of the funds provided by the €9B macro-financial assistance program. According to the Deputy Chairm... #EUfinancialAid #financialaidforUkraine #ValdisDombrovskis
The European Commission will announce the presentation of a financial assistance plan for Ukraine in the coming weeks, EC Vice President Valdis Dombrovskis said. According to Dombrovskis, Ukraine’s financing needs are growing. Therefore, a more strategic financing plan should be considered to ensure Ukraine’s e... #EUfinancialAid #EuropeanCommission #ValdisDombrovskis
The EU plans to allocate $1.5B monthly in 2023. Ukraine is negotiating with the EU, the US, and the IMF to provide comprehensive support for Ukrainian public finances in 2023. This will ensure a predictable environment for business and the populati... #EUfinancialAid #ValdisDombrovskis #YuliyaSvyridenko
The EU integrates aid to Ukraine into its 2023 budget. The finance ministers of the European Union agreed to integrate support payments to Ukraine into the EU budget for 2023 in order to make them more structured and predictable. This was stated by the V... #EUaidforUkraine #EUbudget2023 #ValdisDombrovskis
The first stage of EU aid will come to Ukraine in the summer. The first stage of macro-financial assistance from the EU within the framework of the new program for Ukraine will be provided immediately after ratification by the European Parliament and national pa... #EUaid #EUaidforUkraine #ValdisDombrovskis
