Printing money again and the resulting inflation “would bring a lot of people into real poverty,” he said. To avoid that again, Ukraine needs “a decision by the start of February, and the money by the beginning of March,” Vyshlinsky said. WHAT'S THE IMPACT ON ORDINARY PEOPLE? Ukr...
Young noted that the U.S. also provides financial aid to the Ukrainian economy, and that money is already gone. She wrote: "If Ukraine's economy collapses, they will not be able to keep fighting..." With less than one month to go in 2023, she added: "We are out of money – and...
The National Bank of Ukraine has ordered electronic money (e-money) issuers to suspend the issuance of e-money and the replenishment of electronic wallets with e-money. The written order also indicated that the distribution of e-money was temporarily off limits. As Ukraine’s central...
"That money could very well indirectly make it toward Russia, given the amount of economic and financial transactions between Kiev and Moscow," said Stratfor Eurasia analyst Eugene Chausovsky. Ukraine has been in a recession since the middle of last year, and its economy has been hit bydeflati...
A third option would be to use the money as a kind of collateral that would enable the Ukrainian government to take out loans to rebuild its infrastructure or create assistance funds. Ukraine says it can't wait much longer Tuning Russian bank assets into aid might not happen quickly enough ...
This is the second time in less than nine months that the Pentagon has “found” money to use for additional weapons shipments to Ukraine. Last June, defense officials said they had overestimated the value of the weapons the U.S. had sent to Ukraine by...
The war in Ukraine has touched almost every corner of the world — delivering death and suffering to Ukraine, an energy crisis in Europe, grain shortages in the Middle East and Africa, and compounding inflation across the globe. “One year later, Kyiv stands. And Ukraine stands. Democracy sta...
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December 30 2024 War in Ukraine US to send Ukraine $6bn in fresh military and budget assistance Biden administration races to provide Kyiv with additional support before Donald Trump takes office Patti Waldmeir The great American alcohol debate ...
EU finance ministers meet today to mull a US proposal to fund a loan to Ukraine backed by the proceeds from immobilised assets belonging to Russia’s central bank © Reuters Why EU countries are nervous about funding a US loan to Ukraine on x (opens in a new window) Why EU countries ...