Economy

21 July 2022

EU introduces derogations from Russia sanctions

EU introduces derogations from Russia sanctions

The European Union has published an EU Council Resolution specifying the procedure for applying sanctions against the Russian Federation for actions that undermine or threaten the territorial integrity, sovereignty, and independence of Ukraine.

20 July 2022

Creditors allow suspension of Ukraine’s debt service payments

Creditors allow suspension of Ukraine’s debt service payments

The group of creditors of Ukraine from G7 countries and Paris club members announced their intention to suspend principal and interest payments on bilateral debts until the end of the year 2023, with the possibility to extend the suspension by an additional year.

19 July 2022

Ukraine, EU sign memorandum on EUR 1B tranche

Ukraine, EU sign memorandum on EUR 1B tranche

European Commission Vice President Valdis Dombrovskis on Tuesday signed a memorandum of understanding on the allocation of EUR 1 billion in macro-financial assistance to Ukraine.

18 July 2022

EU confirms intention to give Ukraine EUR 9B in macrofinancial aid

EU confirms intention to give Ukraine EUR 9B in macrofinancial aid

The European Council has decided to allocate EUR 1 billion to Ukraine and will continue to work toward finding a way to provide Ukraine with another EUR 8 billion from the total package of EUR 9 billion of macro-financial assistance that has already been politically agreed at the EU level, although it is too early to talk about specific terms of providing such assistance.

17 July 2022

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