Ukraine is considering moving away from the U.S. dollar and closer to the euro as a benchmark for the hryvnia, National Bank Governor Andrii Pyshnyi told Reuters.
The Atesh partisan group claims it disabled communication at several Russian military facilities when it allegedly destroyed equipment at a transformer substation in the village of Mogiltsy in Russia's Moscow Oblast.
"The Russians are asking for a certain set of requirements, a certain set of concessions in order to end the conflict. We think they’re asking for too much," U.S. Vice President JD Vance said on May 7, according to Politico.
EU ambassadors began talks this week on a 17th sanctions package that targets Russia’s military-industrial complex, Moscow’s shadow shipping fleet, and related support networks.
German Chancellor Friedrich Merz said the trip is currently being coordinated and emphasized that the European Union must do “everything possible” to help secure a lasting cessation of hostilities beyond the upcoming weekend.
Ukraine's Energy Minister Herman Halushchenko (L), and his Danish counterpart Lars Aagaard (R), shake hands during a briefing for media on April 8, 2024, in Kyiv, Ukraine. (Meetband/Energoatom/Global Images Ukraine via Getty Images)
Denmark's Foreign Ministry announced $5.8 million in aid for Ukraine's energy infrastructure, according to a press release on April 8.
The announcement came during Danish Energy Minister Lars Aagaard's visit to Kyiv.
According to the Kiel Institute for the World Economy (IfW Kiel), which tracks international aid for Ukraine, Denmark has provided almost $9.5 billion to Ukraine, making it the second largest financial backer as a percentage of GDP.
Russia has intensified its missile and drone strikes against Ukraine's critical infrastructure, launching large-scale attacks on energy facilities across the country. Among Moscow's targets were the Kaniv Hydroelectric Power Plant in Cherkasy Oblast, the Dniester Hydroelectric Power Plant in Chernivtsi Oblast, and Zaporizhzhia's Dnipro Hydroelectric Power Plant.
"Energy security and supply is being used as a weapon against Ukraine to wear down Ukrainian citizens," said Aagaard.
"From our side, we will do whatever we can to make their energy systems as robust and sustainable as possible," he added.
The funds will be directed toward Ukraine's ability to rebuild damaged infrastructure and "develop an energy system that is more resistant to both rough winters and Russian attacks,"Aagaard said.
Nate Ostiller
