Section: Economy

      Sweden will transfer $30M to the Ukraine Energy Support Fund: photo
      Feb28

      Sweden will transfer $30M to the Ukraine Energy Support Fund: photo

      The Minister of Energy of Ukraine noted on February 28, 2023, that the Swedish government has decided to contribute almost 30 million dollars to the Ukraine Energy Support Fund after the meeting with the Deputy Prime Minister of Sweden, Ebba Busch. Source: The Minister of Energy of Ukraine Herman Halushchenko “In addition, Sweden will...

      Germany allocates €5M to restore schools in Ukraine
      Feb28

      Germany allocates €5M to restore schools in Ukraine

      The United Nations Development Programme (UNDP) in Ukraine noted on February 27, 2023, that the German federal government allocates 5 million euros to support a project to repair schools in Ukraine damaged by the war. Source: The United Nations Development Programme (UNDP) in Ukraine “The UNDP-led project will support resilience building...

      USA transferred the first tranche of direct budget support to Ukraine in the amount of $1.2B
      Feb28

      USA transferred the first tranche of direct budget support to Ukraine in the amount of $1.2B

      US Secretary of the Treasury Janet L. Yellen noted on February 27, 2023, that the US government transferred the first tranche of direct budget aid to Ukraine worth $1.2 billion. Source: The US Secretary of the Treasury Janet L. Yellen “The United States has provided $13 billion in economic assistance to Ukraine. Today, I am proud to...

      Belgium has frozen €58B in Russian assets
      Feb28

      Belgium has frozen €58B in Russian assets

      The Minister of Finance of Belgium Vincent Van Peteghem noted on February 24, 2023, that Belgium has frozen the highest amount of Russian assets among all EU countries – 58 billion euros. Source: The Minister of Finance of Belgium Vincent Van Peteghem “For example, the Treasury has frozen 58 billion euros in Russian assets. That is the...

      USA introduced a 200% tariff on aluminum from the Russian Federation
      Feb27

      USA introduced a 200% tariff on aluminum from the Russian Federation

      The White House noted on February 24, 2023, that the USA imposed a 200% tariff on aluminum imports from Russia. The decree was signed by US President Joe Biden. The Russian aluminum industry is a key part of the defense and industrial base of the Russian army. Source: The White House “Russia continues its unjustified, unprovoked,...

      Saudi Arabia’s delegation in Kyiv announced the allocation of $400M in aid to Ukraine
      Feb27

      Saudi Arabia’s delegation in Kyiv announced the allocation of $400M in aid to Ukraine

      The Office of the President of Ukraine noted on February 26, 2023, that the head of the Saudi Arabian Foreign Ministry, Prince Faisal bin Farhan Al Saud arrived in Kyiv for the first time in history, where he met with President Volodymyr Zelenskyy and discussed with him the necessary actions to bring peace while expressing support for the...

      Lithuania collected €14M for air defense radars for Ukraine
      Feb26

      Lithuania collected €14M for air defense radars for Ukraine

      On February 26, 2023, it became known that the Radarom charity campaign organized in Lithuania raised 14 million euros for air defense radars for Ukraine. Source: Charity organization Radarom “Thank you! We collected EUR 14,000,000 during the campaign. Let’s continue to support Ukraine,” informed the Charity organization...

      USA allocates more than $10B in financial aid to Ukraine
      Feb25

      USA allocates more than $10B in financial aid to Ukraine

      The US Department of State, together with the United States Agency for International Development (USAID) and the Finance Ministry, announced more than $10 billion in assistance to Ukraine on February 24, 2023. Source: The US Department of State Most of the funds – $ 9.9 billion are allocated by the United States in the form of grants through the...

      World Bank allocated an additional $2.5B to Ukraine
      Feb25

      World Bank allocated an additional $2.5B to Ukraine

      The World Bank allocated an additional financial package to Ukraine in the amount of $2.5 billion on February 24, 2023, aimed at supporting key sectors, including education and health systems, pension payments and financial assistance to internally displaced persons of Ukraine. Source: The World Bank  This grant is direct budget support to the...

      European Union approved the 10th package of sanctions against Russia
      Feb25

      European Union approved the 10th package of sanctions against Russia

      The countries of the European Union approved another, already the 10th package of sanctions against Russia due to its illegal invasion of Ukraine on February 24, 2023, an anniversary of Russia’s full-scale war against Ukraine. Source: Swedish Presidency of the Council of the EU “It’s one year since Russia’s brutal and illegal invasion...