European Union

The G7 and the EU discuss a plan to use more than $250 billion in frozen Russian central bank assets as collateral to finance Ukraine's postwar reconstruction.

A Finnish ammunition factory will increase production of artillery shells fivefold this year due to high demand from the Ukrainian army, which is defending itself against Russian invasion.

On the second anniversary of Russia's full-scale invasion of Ukraine, the EU plans to impose its weakest package of sanctions on about 250 Russian individuals and entities.

Poland announces increased checks and inspections of goods from Ukraine at border crossings to protect domestic agriculture.

EU chief of diplomacy calls on allies to increase military spending to support Ukraine.

The Romanian government has signed an agreement with farmers and carriers to set up an interagency commission to analyze their demands and find solutions.

The chairman of a US Senate committee proposes sanctions against Hungary and its Prime Minister Viktor Orban for undermining the unity of the EU and NATO.

The Czech Republic called on its allies to purchase ammunition for Ukraine outside the EU due to the low level of shell production in Europe to meet Ukraine's needs.

According to EU High Representative Josep Borrell, the EU will deliver 52% of the promised one million artillery shells to Ukraine by March.

Ukraine has documented more than 120,000 war crimes committed by Russia since the beginning of the full-scale invasion.

The EU has approved a new €50 billion support program over four years to help Ukraine secure financial stability and implement priority social and defense programs.

Hungarian Prime Minister Orban explained that he did not block the EU's allocation of 50 billion euros in aid to Ukraine because EU leaders would have sent the money anyway, including the money belonging to Hungarians.

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.