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.
Illustrative purposes only: Swedish Prime Minister Ulf Kristersson speaks during the press conference in Stockholm, Sweden, on Dec. 11, 2023. (Atila Altuntas/Anadolu via Getty Images)
The Swedish government has agreed to create a support framework for Ukraine, which would allocate 75 billion Swedish krona ($7 billion) in military support from 2024 to 2026, the Swedish government said on May 22.
With this proposal, Stockholm's civilian and military aid to Ukraine since the outbreak of the full-scale war will amount to over 100 billion Swedish krona (over $9 billion).
"Ukraine's fight against Russia's war of aggression continues and Sweden will support Ukraine's fight as long as it takes," the joint press release by the country's defense and finance ministries read.
"Sweden will increase the support, as the framework amounts to 75 billion Swedish krona in military support for the years 2024–2026, which is 25 billion Swedish krona ($2.3 billion) per year," according to the statement.
The framework could cover future equipment donations, financial contributions, and financial support for the procurement of defense equipment.
The Swedish government reached an agreement on the framework with the right-wing Sweden Democrats party, which provides confidence and support to the ruling parties in the parliament.
In an interview with Bloomberg published on May 21, Swedish Defense Minister Pal Jonson said that the country is ramping up its capacities to increase aid to Ukraine, but the process can take up to two years.
"Russia has gotten back on its feet faster than the Euro-Atlantic community... I expect we will catch up, but I think it will take a year or two before we see the full effect," the minister said.
Kateryna Denisova
