Ukraine’s finance minister said delays in getting international financial aid delivered are leaving the government with a financing gap, with Russia inflicting €300m of damage on the country daily.
Russia to install patriotic education, quit European model
Klitschko spoke in an interview on the sidelines of the World Economic Forum in Davos with his brother and fellow former world boxing champion Wladimir.Ukraine is set to receive only about $2-billion in international aid by the end of May compared to the roughly $5-billion it estimates it needs, the country’s finance minister, Serhiy Marchenko, said on Tuesday.
“We need manoeuvring and the ability to take action immediately,” Orban said after his ministers took the oath of office. The State of Emergency, which he said he called because of Russia’s attack against neighbouring Ukraine, will allow him to use “all tools” of the state, he said.
Orban told European Council President Charles Michel, who chairs EU summits, that tackling the issue at the May 30-31 meeting in Brussels would be “counterproductive”, according to the text of a letter seen by Bloomberg. The port has no electricity to power its cranes and other infrastructure had been destroyed, Barskyi said. Only one floating crane was left undamaged, while the sea around the port will have to be cleared of wreckage before even small ships will be able to approach.
Any steps to address debt sustainability in the longer term aren’t possible for now due to uncertainties caused by the war, Butsa said.The Kremlin hasn’t seen a reported peace proposal for Ukraine from Italy, but hopes to get it via diplomatic channels, spokesman Dmitry Peskov said.Estonian President Alar Karis said he’s confident that negotiations with Turkey will overcome its objections to Sweden and Finland joining Nato.
Russia has continued to ship its wheat at the now-higher price, finding willing buyers and raking in more revenues per tonne. It is also expecting a bumper wheat crop in the next season, suggesting it will continue to profit from the situation.Ukrainian President Volodymyr Zelensky accused Russia of turning the eastern Donbas region into a “slaughterhouse” as they try to squeeze Ukrainian troops out of a strip of land in the area.
Economy Minister Robert Habeck presented an emergency decree on Tuesday that will enable the government to reactivate plants that were supposed to be shut off in line with Germany’s coal exit plan. Patrushev also warned that Russia would take Finland and Sweden joining Nato as a direct threat to its security and would have to react. Turkey has so far blocked plans to expand the defence alliance.European natural gas prices rose, with the market focused on potential further disruptions to supplies, even as stockpiles rise.
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