Section: Economy
USA is ready to allocate $94M for demining of Ukraine and Canada $15M
Mary Hakobyan, Deputy Minister of Internal Affairs of Ukraine noted on December 9, 2022, that partner states were ready to allocate significant sums to aid in demining of Ukraine. Source: Mary Hakobyan, Deputy Minister of Internal Affairs of Ukraine “The issue of demining Ukraine concerns not only us, but also many of our partners abroad,...
EU introduced the 9th package of sanctions against Russia: details
The President of the European Commission Ursula von der Leyen noted on December 7, 2022, that the European Union implemented the 9th package of sanctions against Russia, as it “continues to bring death and devastation to Ukraine”. Source: The President of the European Commission Ursula von der Leyen “This list covers key figures...
Norway will transfer €14.5M to the EU Military Assistance Mission to Ukraine
The European Council noted on December 6, 2022, that the European Union and Norway had signed an agreement under which Norway would transfer 14.5 million euros to the European Union Military Assistance Mission in support of Ukraine (EUMAM Ukraine). This is an unprecedented step for a country that is not a member of the European Union. Source: The...
EU oil sanctions against Russia entered into force
EU oil sanctions against Russia came into effect today on December 5, 2022. Source: The European Council “The Council decided today to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals (CN code 2709 00) which originate in or are exported from Russia, at USD 60 per barrel. The level of the cap...
Austria will allocate more than €600M to the medical infrastructure of Ukraine
The head of the Ministry of Health of Ukraine Viktor Lyashko noted on December 2, 2022, that the Verkhovna Rada of Ukraine ratified the framework agreement with the Austrian government on the creation of the National Rehabilitation Center in Lviv (the largest city in western Ukraine), and the construction and equipping of the National specialized...
European Union and the G7 countries agreed to introduce the price cap for Russian oil
The President of the European Commission, Ursula von der Leyen, announced on Twitter on December 2, 2022, the purpose of the restriction on sea imports of Russian crude oil, which the EU countries and its G7 partners will apply from December 5 of this year. Source: The President of the European Commission Ursula von der Leyen “The EU...
EU controls about €300B of the financial resources of the Russian central bank
EU High Representative Josep Borrell noted on December 2, 2022, that the European Union provided and would continue to provide active support to Ukrainian and international law enforcement officers in the investigation of atrocities committed by Russian troops on the territory of Ukraine, and would coordinate international efforts to bring to...
Russia caused $9B worth of damage to the Ukrainian city of Kharkiv
The mayor of Kharkiv Igor Terekhov said on December 2, 2022, that about 500 houses in Kharkiv (a city in eastern Ukraine) would be impossible to restore. Estimated losses due to the war – 9 billion dollars. Source: The mayor of Kharkiv Igor Terekhov “There are about 300 houses that we will not be able to restore because of structural...
Switzerland has frozen 7 billion euros worth of Russian assets
The Ministry of Economy of Switzerland noted on December 1, 2022, that it updated information on frozen Russian assets. The total amount of assets frozen in Switzerland due to Russia’s aggression against Ukraine reached 7.5 billion Swiss francs (7.2 billion euros). Source: The Ministry of Economy of Switzerland “As of 25 November, CHF...
Great Britain and Ukraine will continue cooperation on sanctions against Russia
The First Deputy Prime Minister of Ukraine – Minister of Economy of Ukraine Yulia Svyrydenko noted on November 30, 2022, that she met in London with Baroness Joanna Penn, Parliamentary Secretary to HM Treasury, the leadership of the Office of Financial Sanctions Implementation, and representatives of the authorities responsible for sanctions...