The agreement, signed on April 30, establishes a joint investment fund between Kyiv and Washington and grants the U.S. special access to projects developing Ukraine's natural resources.
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.
German Chancellor Olaf Scholz during the SPD party convention on Dec. 9, 2023 in Berlin, Germany. (Florian Gaertner/Photothek via Getty Images)
German Chancellor Olaf Scholz will use the upcoming EU summit in February as an opportunity to press Ukraine's European allies to increase their provision of military aid, Politico reported on Jan. 9, citing an anonymous German official.
Germany was widely criticized in the immediate aftermath of Russia's full-scale invasion for the country's sluggish and overly cautious approach to providing aid to Ukraine considering its status as the EU's biggest economy. It has since significantly increased its military support for Ukraine, becoming the second largest provider of military aid behind the U.S.
"As significant as the German contribution is, it will not be enough to ensure Ukraine's security in the long run," Scholz said at a press conference on Jan. 8.
"Therefore I call on allies in the European Union to strengthen their efforts regarding Ukraine. The planned weapons deliveries to Ukraine of most EU member states are not enough."
The EU will also vote on the 50 billion euro ($54 billion) financial support package for Ukraine at the Feb. 1 summit that was blocked by Hungary in December. Foreign Minister Dmytro Kuleba said on Jan. 8 that he is confident the funding will be approved, even if it may have to take another form in the face of Hungary's resistance.
Politico reported on Jan. 9, citing unnamed diplomats, that Hungary was signaling it would potentially support the funding package on the condition that it was reviewed annually.
The Kyiv Independent news desk
