The United States proposed to the Group of Seven (G7) countries that they establish a special-purpose vehicle (SPV) to issue $50 billion in bonds from profits generated by frozen Russian assets and use the proceeds to support Ukraine, Bloomberg reported on March 21.
The executive board of the International Monetary Fund (IMF) approved a third review of Ukraine's $15.6 billion loan program. This decision enables the release of $880 million designated for budget support.
"The package includes recoilless anti-tank guns, explosives, various types of artillery ammunition, gas masks, sniper equipment, smaller caliber ammunition, and more," Estonian Defense Minister Hanno Pevkur said.
EU leaders are unlikely to reach an agreement on confiscating profits from Russian assets during their summit starting on March 21, namely because Hungary is against using them to boost Ukraine's military capabilities, Deutsche Welle (DW) reported, citing an unnamed senior European diplomat.
NATO-standard 155 mm shells are "desperately short supply" on the front, the Washington Post says.
Canada provided Ukraine with 2 billion Canadian dollars ($1.5 billion), which will be used to finance the budget deficit, including social assistance, Prime Minister Denys Shmyhal wrote on March 21 on X.
Lithuania had pledged 35 million euros (around $38 million) for the Czech initiative to buy 800,000 artillery shells for Ukraine, Lithuanian Prime Minister Ingrida Simonyte said on March 20.
The European Parliament and the EU Council reached a provisional agreement to renew the temporary suspension of import duties and quotas on Ukrainian agricultural exports to the EU until June 2025.
Canada will commit nearly $30 million to the Czech Republic's initiative to provide Ukraine with ammunition, Canadian Defense Minister Bill Blair announced on March 19 at a press conference in Ottawa.
The remaining 10% would be allocated to the EU's budget to boost Ukraine's defense industry, Josep Borrell told reporters in Brussels. The official said he would submit the proposal to member states on March 20.
German Defense Minister Boris Pistorius announced a new aid package for Ukraine worth 500 million euros (roughly $540 million) at a Ukraine Defense Contact Group (UDCG) meeting in Ramstein, Germany, on March 19.
U.S. Defense Secretary Lloyd Austin opened the 20th meeting of the Ukraine Defense Contact Group (UDCG) held in Ramstein, Germany, on March 19.
Belgium has announced defense aid packages for Ukraine worth 412 million euros ($445 million), including 300 Iveco Lynx light tactical vehicles, the Shephard News reported on March 18.
The initiative, announced by Polish Defense Minister Wladyslaw Kosiniak-Kamysz following talks in Warsaw with his German counterpart, Boris Pistorius, will officially begin operations on March 26.
Kyiv would get an estimated 3 billion euros ($3.3 billion) a year to boost its defense industry and purchase weapons, according to Bloomberg.
The Czech Republic is trying to deliver ammunition to Ukraine 'as quickly as possible,' Czech Republic President Petr Pavel said on March 18.
Munitions for some of Ukraine's air defense systems may be nearly used up by the end of March, the Washington Post reported on March 15, citing unnamed Western officials.
German Foreign Minister Annalena Baerbock is exploring ways for Germany to potentially provide Taurus cruise missiles to Ukraine while respecting chancellor's "red lines," according to Der Spiegel.
Athens told EU officials that it could supply Ukraine with extensive ammunition stocks through Czechia this year, including 90,000 90 mm projectiles, 180 70 mm anti-tank projectiles, 2,000 127 mm Zuni rockets, and 4 million bullets, Kathimerini said.
Hydrocycles are in demand in Ukraine and can be sent "immediately," Swedish Government Offices's report reads.
Portugal joined the Czech-led initiative to provide Ukraine with hundreds of thousands of artillery shells, pledging 100 million euros ($108.9 million) to the effort, the Portugal Defense Ministry announced on March 15.
Russian forces are concentrating their main efforts on making a breakthrough near the recently fallen town of Avdiivka, Commander-in-Chief Oleksandr Syrskyi said on March 15.
Sweden joined the Czech-led initiative to supply Ukraine with hundreds of thousands of artillery shells, pledging 30 million euros ($32.6 million) to the cause, the Swedish embassy in Czechia announced on March 14.
Of the 687 lawmakers who participated in the vote, 494 voted against the delivery, with 188 voting in favor and five abstaining.
The commission's officials plan to put forward a "legally robust proposal" for consideration by the member states, possibly before a meeting of prime ministers on March 21, the outlet said.
The French Senate on March 13 overwhelmingly supported a security deal between Paris and Kyiv after it was approved by the parliament's lower chamber a day earlier.
Key developments on March 13: * EU ambassadors approve $5.5 billion for defense fund for Ukraine in 2024 * Russian anti-Kremlin militias tell Russian citizens near Ukrainian border to evacuate * Russian oil refinery partially shuts down after drone attack * Media: Ukrainian drones attack 3 oil refineries in Russia, airfield in Voronezh
"If this sort of discussion will delay the process of the provision of financial assistance, then let's put the discussion aside and take whatever is given," Justice Minister Denys Maliuska said.
EU ambassadors have agreed in principle on 5 billion euros ($5.5 billion) in defense assistance for Ukraine in 2024 within the framework of the European Peace Facility (EPF), the Belgian Presidency of the EU Council said on March 13.
U.S. House of Representatives Democrats began collecting signatures on March 12 to bypass House Speaker Mike Johnson and force a vote on a Ukraine aid bill via a discharge petition, Reuters reported.
Based on the newly signed agreement, Ukraine's state budget should receive 4.5 billion euros ($4.9 billion) in transitional financing in March and the remaining 1.5 billion euros ($1.6 billion) in April "after the European Commission evaluates the completed indicators."
This is the first package since last December, as U.S. funds for Kyiv have been blocked by disputes in Congress.
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