‼️ Ukraine signs loan agreement with EU to secure up to EUR 35 bln under G7 initiative
Finance Minister Serhiy Marchenko and the Governor of the National Bank of Ukraine (NBU), Andriy Pyshnyy, on behalf of Ukraine, signed a loan agreement with the European Union to secure up to EUR 35 billion in macro-financial assistance (MFA) as part of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative using revenues derived from frozen Russian sovereign assets, as reported on the Ministry of Finance's website on Wednesday morning.
"The final amount of the MFA will be determined after all parties to the initiative approve the amount of loans. Taking into account the proposed financing of $20 billion by the United States, the EU's Macro-Financial Assistance could be in the amount of EUR 18 billion," the Ministry said.
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Finance Minister Serhiy Marchenko and the Governor of the National Bank of Ukraine (NBU), Andriy Pyshnyy, on behalf of Ukraine, signed a loan agreement with the European Union to secure up to EUR 35 billion in macro-financial assistance (MFA) as part of the G7 Extraordinary Revenue Acceleration Loans for Ukraine (ERA) initiative using revenues derived from frozen Russian sovereign assets, as reported on the Ministry of Finance's website on Wednesday morning.
"The final amount of the MFA will be determined after all parties to the initiative approve the amount of loans. Taking into account the proposed financing of $20 billion by the United States, the EU's Macro-Financial Assistance could be in the amount of EUR 18 billion," the Ministry said.
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#eu #g7
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Poroshenko discusses Ukraine's energy security, AFU needs with US Under Secretary of State
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‼️ Everything indicates that transit of Russian gas to stop from Jan 1, 2025 – Dpty Minister of Energy Andarak
Stopping transit of Russian gas through Ukraine from January 1 is becoming a reality, said Deputy Minister of Energy Roman Andarak.
"What seemed impossible a few years ago is becoming a reality. From January 1, everything indicates that transit [of gas from Russia] will stop," Andarak said during an online speech at a thematic event of DiXi Group in Kyiv on Wednesday, an Energy Reform correspondent reports from the scene.
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Stopping transit of Russian gas through Ukraine from January 1 is becoming a reality, said Deputy Minister of Energy Roman Andarak.
"What seemed impossible a few years ago is becoming a reality. From January 1, everything indicates that transit [of gas from Russia] will stop," Andarak said during an online speech at a thematic event of DiXi Group in Kyiv on Wednesday, an Energy Reform correspondent reports from the scene.
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‼️ Three Ukraine peace plans proposed to Trump, all include taking NATO membership off the table – media
Advisers to Donald Trump publicly and privately are floating proposals to end the Ukraine war that would cede large parts of the country to Russia for the foreseeable future, Reuters reported on Wednesday.
"The proposals by three key advisers, including Trump's incoming Russia-Ukraine envoy, retired Army Lieutenant-General Keith Kellogg, share some elements, including taking NATO membership for Ukraine off the table. Trump's advisers would try forcing Moscow and Kyiv into negotiations with carrots and sticks, including halting military aid to Kyiv unless it agrees to talk but boosting assistance if Russian President Vladimir Putin refuses," it said.
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Advisers to Donald Trump publicly and privately are floating proposals to end the Ukraine war that would cede large parts of the country to Russia for the foreseeable future, Reuters reported on Wednesday.
"The proposals by three key advisers, including Trump's incoming Russia-Ukraine envoy, retired Army Lieutenant-General Keith Kellogg, share some elements, including taking NATO membership for Ukraine off the table. Trump's advisers would try forcing Moscow and Kyiv into negotiations with carrots and sticks, including halting military aid to Kyiv unless it agrees to talk but boosting assistance if Russian President Vladimir Putin refuses," it said.
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#ukraine #trump #plans
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‼️ Blinken: Ukraine has hard decisions to make about further mobilization, but these are necessary decisions
Ukraine has to make hard decisions about further mobilization of its citizens to repel Russian aggression, but these measures are critical, U.S. Secretary of State Antony Blinken has said.
"Mobilization. This is critical, because even with the money, even with the munitions, there have to be people on the front lines to deal with the Russian aggression. Ukraine has hard decisions to make about further mobilization, but these are necessary decisions," he told a press conference in Brussels on Wednesday.
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Ukraine has to make hard decisions about further mobilization of its citizens to repel Russian aggression, but these measures are critical, U.S. Secretary of State Antony Blinken has said.
"Mobilization. This is critical, because even with the money, even with the munitions, there have to be people on the front lines to deal with the Russian aggression. Ukraine has hard decisions to make about further mobilization, but these are necessary decisions," he told a press conference in Brussels on Wednesday.
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#mobilization #blinken
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Rutte: War in Ukraine, increasing alignment of Russia, China, North Korea, Iran posing threats to security of transatlantic region
Biden's administration determined to spend 'every cent' from $61 bln authorized by Congress for Ukraine – Blinken
‼️ Building underground substations of Ukrenergo looks like rather problematic solution – company's rep
Underground solutions for substations of NPC Ukrenergo still look quite unrealistic, based on the high cost of such facilities and a number of other technical problems, head of the Office for Identification and Counteraction to Threats to Critical Infrastructure of NPC Ukrenergo, Serhiy Nazarenko said.
"I think it is too early for us to bury our energy system underground. It will still work. Yes, this is done in some countries, for example, in Japan, but due to a lack of space... For us, based on cost, time, technical problems, because completely different equipment will be needed, these solutions are quite problematic, at least in the short term," Nazarenko said during the Energy Security Dialogue-2024 by DiXi Group in Kyiv on Wednesday, an Energy Reform correspondent reports from the scene.
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Underground solutions for substations of NPC Ukrenergo still look quite unrealistic, based on the high cost of such facilities and a number of other technical problems, head of the Office for Identification and Counteraction to Threats to Critical Infrastructure of NPC Ukrenergo, Serhiy Nazarenko said.
"I think it is too early for us to bury our energy system underground. It will still work. Yes, this is done in some countries, for example, in Japan, but due to a lack of space... For us, based on cost, time, technical problems, because completely different equipment will be needed, these solutions are quite problematic, at least in the short term," Nazarenko said during the Energy Security Dialogue-2024 by DiXi Group in Kyiv on Wednesday, an Energy Reform correspondent reports from the scene.
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#substations #underground
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Ukraine, Turkey discuss security, freedom of navigation in Black Sea