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標籤: Economy

The London Summit 

The London Summit brought together the leaders of Ukraine, the UK, Denmark, Italy, Spain, Canada, the Netherlands, Germany, Norway, Poland, Romania, Finland, France, the Czech Republic, and Sweden, Turkish Foreign Minister Hakan Fidan, NATO Secretary General Mark Rutte, European Commission President Ursula von der Leyen, and European Council President António Costa. Leaders discussed ongoing financial support for Ukraine’s defence industry, including investments in domestic arms production and increased funding for Europe’s defence sector. Sanctions against Russia, including frozen Russian assets, are to remain until a lasting peace is achieved. There was broad agreement that strong security guarantees must underpin any potential...

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Russia’s military spending exceeds its budget capabilities and could collapse the economy – expert

The Russian state has been pursuing a 2-track strategy to cover its mounting war costs, supplementing its highly scrutinized defense budget expenditures with funding from an off-budget defense financing scheme that is similar in scale but has been overlooked by analysts. Unlike its federal defense budget expenditures, which remain at sustainable levels, Russia’s off-budget funding scheme is proving much more problematic to sustain. This now poses a funding dilemma for Moscow that could weigh on its war calculus while providing Ukraine and its allies valuable, new negotiating leverage.

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Sergii Marchenko signed an agreement with the EU on the ULCM mechanism, which will create a legal framework for servicing and repayment of funds received by Ukraine under the G7 ERA initiative

Ukraine signed an Agreement on the establishment of the Ukraine Loan Cooperation Mechanism (ULCM), which will create a legal framework for servicing and repayment of funds received by Ukraine, up to €45 billion. The mechanism will allow the use of proceeds from frozen Russian assets to cover the principal amount of the loan raised from partners under the G7 ERA initiative, as well as interest and any other costs associated with the loan.

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Statement of the Ministry of Foreign Affairs of Ukraine on the occasion of the 30th anniversary of the Budapest Memorandum

5th December 2024 marks the 30th anniversary of the Budapest Memorandum. This document was supposed to provide Ukraine with guarantees of security, sovereignty, and territorial integrity in exchange for giving up the world’s 3rd-largest nuclear arsenal. The Memorandum was to become a significant step in strengthening global nuclear disarmament and serve as an example for other states to give up nuclear weapons. In 2014, the Russian Federation, a guarantor of Ukraine’s security under the Memorandum, launched its aggression against Ukraine, which escalated into a full-scale invasion in 2022. The Budapest Memorandum failed to prevent the aggression of the Russian Federation. Russia’s violation of the Budapest Memorandum set a dangerous precedent that undermined confidence in the very idea of nuclear disarmament. Failure of the Memorandum to fulfill its functions has led to a catastrophic increase in security threats not only for Ukraine but also for other countries and regions. Today, the Budapest Memorandum is a monument to short-sightedness in strategic security decision-making. It should serve as a reminder to the current leaders of the Euro-Atlantic community that building a European security architecture at the expense of Ukraine’s interests, rather than considering them, is destined to fail. Not providing Ukraine with real, effective security guarantees in the 1990s was a strategic mistake that Moscow exploited. This mistake must be corrected. Ukraine must be provided with clear, legally binding security guarantees that align with its significant contribution to global nuclear disarmament and the maintenance of international peace and security. We call on the US and the UK, signatories to the Memorandum, France and China, which have acceded to it, and all states-parties to the Treaty on the Non-Proliferation of Nuclear Weapons to support the provision of effective security guarantees to Ukraine. The only real guarantee of security for Ukraine, as well as a deterrent to further Russian aggression against Ukraine and other states, is Ukraine’s full membership in NATO. With the bitter experience of the Budapest Memorandum behind us, we will not accept any alternatives, surrogates, or substitutes for Ukraine’s full membership – Ukrainian Ministry of Foreign Affairs.

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Zelenskiy Calls For More Air-Defense Systems For Ukraine

Over the past week, Russia has launched more than 800 guided aerial bombs, around 460 strike drones, and over 20 missiles of various types against Ukraine and our people. Ukraine is not a testing ground for weapons. Ukraine is a sovereign and independent state. Yet, Russia persists in its attempts to destroy our people, sow fear and panic, and weaken us – Ukrainian President Volodymyr Zelenskyy

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During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Speech by the President at the Third International Grain From Ukraine Conference

With our Grain From Ukraine program, we have managed to save 20 million people from hunger. Ukraine’s food exports feed 400 million people in 100 countries. Ukraine is one of the world’s largest contributors to food security. We maintain this status despite everything, despite this colonial challenge from Russia – Ukrainian President, Volodymyr Zelenskyy.

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Speech by Admiral Rob Bauer, Chair of the NATO Military Committee Berlin Security Conference

Yesterday, Ukraine surpassed day 1000 of what the Kremlin thought would be a 3-day full-scale war. As we all know, the war started long before that. Ukraine has bravely resisted attack upon attack upon attack for almost 4,000 days. And democracy still stands. In fact, it’s stronger than ever. The Ukrainians have proved to themselves and to the world there is NOTHING they can’t do. They CAN outlast, and they CAN out-suffer the Russians. Anyone who does not see that has not been paying attention. All they need is our help. And we have it within ourselves to continue and ramp up our support to Ukraine and at the same time ramp up our own deterrence and defence” – NATO Military Committee Chair, Admiral Rob Bauer.

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Sanctions on Russia Hurt Neighbor So Much It Won’t Always Comply

Kazakhstan is drawing a new line in its enforcement of sanctions targeting Russia, vowing to put its own economic interests first as it also deepens trade ties with countries from Iran to China. The Central Asian nation “won’t blindly follow the sanctions” if they affect domestic companies that function as the main employers in their areas” – Bloomberg.

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