Section: Economy

      Canada confiscates frozen funds of Russian oligarch for aid to Ukraine for the first time
      Dec20

      Canada confiscates frozen funds of Russian oligarch for aid to Ukraine for the first time

      Mélanie Joly, the Minister of Foreign Affairs of Canada noted on December 19, 2022, that the Canadian government would confiscate $26 million from Granite Capital Holdings Ltd., a company owned by sanctioned Russian oligarch Roman Abramovich. Source: Mélanie Joly, the Minister of Foreign Affairs of Canada Mélanie Joly noted that this is the first...

      European Union allocated €100M to restore schools in Ukraine
      Dec17

      European Union allocated €100M to restore schools in Ukraine

      The Delegation of the European Union to Ukraine noted on December 16, 2022, that the European Union and Ukraine signed an agreement on a support package in the amount of 100 million euros for the restoration of war-damaged schools. Source: The Delegation of the European Union to Ukraine “Exactly three months after President von der...

      EU banned the supply of aircraft engines and aerospace parts to Russia
      Dec17

      EU banned the supply of aircraft engines and aerospace parts to Russia

      The European Council noted on December 16, 2022, that it introduced a ban on the export of aircraft engines and their components to Russia, as part of the 9th package of sanctions. Source: The European Council “Furthermore, the EU will expand the export ban on aviation and the space industry related goods and technology to include aircraft...

      UN provided Ukraine with over $4.5B in humanitarian aid in 2022, – Ukraine’s Prime Minister
      Dec15

      UN provided Ukraine with over $4.5B in humanitarian aid in 2022, – Ukraine’s Prime Minister

      The Prime Minister of Ukraine Denys Shmyhal noted on December 15, 2022, that the United Nations provided Ukraine with more than $4.5 billion worth of humanitarian aid in 2022. Source: The Prime Minister of Ukraine Denys Shmyhal “This year, the UN directed more than 4.5 billion dollars to provide humanitarian aid to the population of...

      Paris conference collected about €1B for Ukraine
      Dec14

      Paris conference collected about €1B for Ukraine

      The Minister of Foreign Affairs of France Catherine Colonna said on December 13, 2022, that the countries which gathered at the conference “Standing with the Ukrainian People” on providing assistance to Ukraine in Paris promised assistance in the amount of about one billion euros. Source: The Minister of Foreign Affairs of France...

      Russia will cause up to $700 billion in losses to Ukraine’s economy
      Dec14

      Russia will cause up to $700 billion in losses to Ukraine’s economy

      The Prime Minister of Ukraine Denys Shmyhal noted on December 13, 2022, that If Russia continued to shell the infrastructure, the Ukrainian economy might shrink by 50% of GDP. Damages caused to Ukraine’s economy as a result of the war would amount to $700 billion in 2022. Source: The Prime Minister of Ukraine Denys Shmyhal “The...

      Great Britain introduced sanctions against Iran and Russia for strikes on Ukraine
      Dec13

      Great Britain introduced sanctions against Iran and Russia for strikes on Ukraine

      The government of Great Britain noted on December 13, 2022, that the United Kingdom introduced new sanctions against Russia and Iran for attacks on Ukrainian cities with missiles and kamikaze drones. A total of 12 citizens of the Russian Federation, three citizens of Iran and one Iranian company MADO were sanctioned. Source: The government of...

      EU ambassadors unanimously approved the allocation of €18B to Ukraine
      Dec13

      EU ambassadors unanimously approved the allocation of €18B to Ukraine

      The Czech Presidency of the Council of the European Union noted on December 13, 2022, on Twitter that EU leaders unanimously agreed on a package of financial assistance to Ukraine in the amount of 18 billion euros. Source: The Czech Presidency of the Council of the European Union, the Finance Minister of the Czech Republic Zbyněk Stanjura...

      USA imposed sanctions on the Chairman of the District Administrative Court of Kyiv
      Dec11

      USA imposed sanctions on the Chairman of the District Administrative Court of Kyiv

      The US State Department announced on December 9, 2022, the introduction of sanctions against the Chairman of the District Administrative Court of Kyiv Pavlo Vovk and two members of his family. Source: US Department of State, Pavlo Vovk, the Chairman of the District Administrative Court of Kyiv “Pursuant to Section 7031(c), the Department of...

      Australia sanctioned Iran and Russia for violation of human rights and war in Ukraine
      Dec10

      Australia sanctioned Iran and Russia for violation of human rights and war in Ukraine

      The press service of the Minister of Foreign Affairs of Australia Penny Wong noted on December 10, 2022, that the Australian government introduced sanctions under the “Magnitsky Act” against 13 individuals and two legal entities from Russia and Iran in response to the violation of human rights and the invasion of Ukraine. Source: The...