The chairman of the fund called on all its members to help the Ukrainian economy affected by the Russian invasion. IMF Chairman Kristalina Georgieva stated that Ukraine will $ 5 billion a month is needed over the next three months to close all the holes created by Russia's invasion of the country's finances. She also…
Category: economy
The European Council told when the trust fund of solidarity with Ukraine will start working
Trust Fund of Solidarity with Ukraine will start working on May 5. Trust Fund for Solidarity with Ukraine to open on May 5 . This was announced by the President of the European Council Charles Michel during a press conference with the President of Ukraine Volodymyr Zelensky in Kyiv, Interfax-Ukraine reports. “We are determined to…
Ermak-McFaul expert group unveils plan to immediately step up sanctions against Russia
The first package of proposals for immediate measures has been developed. A group of international experts led by diplomat Michael McFaul and President of the Office of President Andriy Yermak has developed and published concrete proposals to strengthen sanctions against Russia. “Action Plan to Strengthen Sanctions against the Russian Federation” published on the website of…
Naftogaz issued bills in the destroyed Volnovakha. What to do with gas bills in the occupied territories?
Naftogaz's main advice is to postpone the problem and wait for the bills to be paid. Residents of Volnovakha in the Donetsk region, where 90 percent of homes were destroyed in the first days of the war and is currently controlled by Russian troops, have received payments from Naftogaz for gas. This follows from the…
During the week, shipments of Russian oil by sea fell by a quarter
Shipments have dropped to a two-month low. Shipments of Russian oil by sea decreased by 25% week (from 8 to 15 April). However, the shipment rate has fallen to a minimum in two months. This was reported by Bloomberg with reference to ship tracking data. In total, about 21.8 million barrels of oil were loaded…
New Zealand imposes sanctions on 80% of Russia's banking system: to inflict economic and political losses
New Zealand supports the International Criminal Court's investigation into atrocities against Ukrainian citizens. New Zealand has announced new sanctions against Russia's largest banks and financial institutions as part of the “government's response to Russia's invasion of Ukraine.” This is stated in a government statement. Sanctions include: Alfa-Bank, Bank of Russia, Bank of Discovery, Black Sea…
10 EU countries have armed Russia since 2014, despite a European Parliament resolution
The lion's share of supplies fell to Germany and France. 10 years after Russia's attack on Ukraine and the occupation of part of the territories in 2014, 10 European Union member states continued to sell weapons to Russia, even in defiance of the European Parliament's ban. This was announced by Adviser to the Minister of…
Farewell to the international financial system: the second Russian bank is in default
Russia's foreign exchange earnings channel will be constantly declining and will be associated only with the export of raw materials. If the latter also does not stop. Russia's Rosselkhozbank (RSGB), which is under sanctions, failed to pay the coupon on dollar Eurobonds on time on April 16. This is stated in the statement of the…
Bypassing Russia: a new railway route has started from China to Germany
The end point of the route is the German city of Mannheim. A new railway route has been launched in China, which trains will be able to bypass Russia to reach the German city of Mannheim. Trains will pass through Kazakhstan, Azerbaijan, Romania, Hungary, Slovakia and the Czech Republic, according to China.org. It is noted…
Remote repayment of deposits in liquidated banks has started today
The first bank began to provide such a service. From today, April 20, bank depositors liquidated have the opportunity to receive guaranteed compensation without visiting a bank branch. Privatbank was the first to start paying out deposits online, according to the Deposit Guarantee Fund. Privatbank noted that in order to receive the guaranteed amount, you…