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.
Photo for illustrative purposes. Icelandic Flag on pole, Iceland. (Mayall/ullstein bild via Getty Images)
The Icelandic parliament, Althing, adopted a resolution on long-term assistance for Ukraine from 2024 to 2028, according to a statement published on April 29.
The resolution aims to support the independence, sovereignty, borders, the safety of civilians, humanitarian aid, and reconstruction work in Ukraine, the statementread.
Icelandic Foreign Minister Thordis Kolbrun Reykfjord Gylfadottir submitted a proposal on Oct. 10, 2023. The proposal was approved by Bjarni Benediktsson, then Icelandic foreign minister and the current prime minister, and presented to the parliament on March 12 this year.
"With the proposal and the corresponding commitment in the budget plan, a strong foundation is laid for our targeted support to Ukraine," Gylfadottir said.
Gylfadottir said that strong support for Ukraine is "the most important security issue" for Iceland and Europe, adding that the international legal system is "threatened by Russia's invasion of Ukraine."
Iceland's support for Ukraine should be comparable in scope to that of other Nordic countries, the Foreign Affairs Committee noted.
In March, the Icelandic government allocated 2 million euros ($2.2 million) in ammunition purchases for Ukraine as part of a Czech-led initiative to deliver much-needed artillery shells.
Iceland also pledged to buy equipment for servicewomenin the Ukrainian military worth 500,000 euros ($541,855).
In 2023, Iceland joined two coalitions, the IT and mine clearance coalitions, formed within the U.S.-led Ukraine Defense Contact Group (UDCG) framework, known as the Ramstein format.
Kateryna Hodunova is a News Editor at the Kyiv Independent. She previously worked as a sports journalist in several Ukrainian outlets and was the deputy chief editor at Suspilne Sport. Kateryna covered the 2022 Olympics in Beijing and was included in the Special Mentions list at the AIPS Sport Media Awards. She holds a bachelor's degree in political journalism from Taras Shevchenko University and a master's degree in political science from the National University of Kyiv-Mohyla Academy.
The Kyiv Independent news desk
