European Union

The IMF Managing Director said that European governments should be more resistant to demands to increase financial support for protesting farmers.

Next week, Hungarian farmers plan to protest on the border with Ukraine against the extension of the EU's preferential trade regime for Kyiv.

Poland withdraws lawsuits against EU climate change policy filed by the previous Law and Justice government.

According to the National Bank of Ukraine, in 2024, international financial support for Ukraine will remain at a high level of about USD 37 billion.

MHP remains the largest taxpayer in Ukraine's agricultural sector, paying over UAH 6 billion in taxes in 2023, up 31% year-on-year.

By the end of February, the EU may vote to allocate 50 billion euros to Ukraine, allowing the country to receive the first tranche of aid of 1. 5 billion euros in March.

A Verkhovna Rada committee has recommended the adoption of a bill that would allow customs clearance of cars through the Diia app to eliminate the human factor and reduce corruption.

Farmers in Belgium and the Netherlands are blocking border crossings to protest taxes, rising costs, cheap imports, and bureaucracy that are negatively impacting their industry.

During the telephone conversation, Yermak and Sullivan discussed the current situation on the frontline in Ukraine and the need to strengthen the country's air defense system against Russian attacks.

Zelenskyy thanks Macron for his personal efforts in securing a €50 billion EU aid package for Ukraine.

Ukraine avoided the risk of an annual veto on the allocation of financial support from the EU.

The EU has doubled its budgetary support for Ukraine to €50 billion since Russia's full-scale invasion began on February 24, 2022, Ukrainian Foreign Minister Dmytro Kuleba reports.

Ukraine's Foreign Minister expressed confidence that the US Congress will approve additional funds for Ukraine and urged citizens not to listen to disappointment, as the support of allies continues.

Biden thanked von der Leyen for the EU's allocation of €50 billion in additional financial assistance to support Ukraine's defense against Russian aggression.

Germany and Ukraine held talks in Berlin to conclude a bilateral agreement on security commitments and long-term support for Ukraine. In addition, the parties agreed on a schedule of high-level contacts for the near future.

Euroclear continues to separate the gains related to the Russian sanctions from the underlying financial results and retains these gains until further guidance is received on the allocation or management of such gains.

Hungarian Prime Minister Viktor Orban says he has received guarantees that Hungarian money will not go to Ukraine after the EU agreed to provide 50 billion euros in aid to Ukraine.

The €50 billion aid program for Ukraine approved by EU leaders includes €33 billion in loans and €17 billion in grants, and sets out the prerequisites for receiving the funds and possible revisions to the program.

President Zelenskyy called on European politicians to unite in creating a separate Fund to help Ukraine - at least €5 billion a year for four years - to counter Russian aggression.

The EU will make every effort to speed up the delivery of ammunition to Ukraine by the end of the year, European Council President Charles Michel said.

Russian oil tankers continue to sail the Red Sea with little interruption due to Houthi attacks, as they have fewer ties to the Western countries targeted by the attacks, Reuters reports.

President Zelenskyy thanked EU leaders for unanimously allocating €50 billion in aid to Ukraine over four years, saying it demonstrates Europe's strong unity and support. He emphasized that this decision was made unanimously by all 27 member states

Germany donated vehicles and demining equipment to Ukrainian agencies and discussed further support for Ukrainians in Germany.

European leaders consider the concessions insignificant, as they avoided a scenario in which Orban would be able to veto funding for Ukraine every year.

The EU is expected to disburse the first €4. 5 billion installment of its €50 billion macro-financial support program to Ukraine in March 2024.

According to Ukraine's Foreign Minister, the allocation of 50 billion euros to Ukraine for 2024-2027 demonstrates Kyiv's continued support. In addition, it destroys statements about international partners' fatigue with the war.

Farmers in Brussels protest outside the European Parliament, setting fires, setting off fireworks, throwing eggs and stones, leading to clashes with police who used water cannons and tear gas.

President of Ukraine Volodymyr Zelenskyy emphasizes that a €50 billion aid package will strengthen Ukraine's long-term economic and financial stability, which is no less important than military aid and sanctions pressure on russia.

The EU has agreed that the European Council may propose to the European Commission to review the €50 billion support program for Ukraine in two years, if necessary.

Ukraine is advancing its climate policy by drafting a law on greenhouse gas emission quotas, which is key to EU integration, and planning the full launch of an ETS by 2026.