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Saturday, June 13
UK sets 2027 deadline for full import ban on Russian diesel and jet fuel
The U.K. announced on June 12 that it will fully phase in its ban on diesel and jet fuel produced from Russian crude oil by Jan. 1, 2027, as part of broader efforts to cut off revenue streams funding Moscow's war against Ukraine.
Friday, June 12
IMF staff reaches agreement with Ukraine on $690 million disbursement under aid program
The International Monetary Fund (IMF) and Ukraine have reached a staff-level agreement on the first review of Kyiv's four-year Extended Fund Facility (EFF) program, potentially unlocking approximately $690 million in additional funding, the IMF announced on June 12.
Ukraine war latest: Sweeping new reforms to terms of service announced in effort to ease manpower crisis
Key developments on June 12: * Ukraine announces landmark military service reforms with record pay raise for infantry * Russian rubber plant, oil refineries struck by Ukrainian drones in latest overnight attack, military confirms * Ukrainian drone maker Skyfall partners with Airbus on defense innovation * Sumy hit by morning artillery bombardment as Russian strikes across Ukraine kill at least 6, injure 52 over past day * 'High probability' of Russian missile launch from Oreshnik site over
EU confirms launch of formal accession talks with Ukraine and Moldova on June 15, Zelensky welcomes move
"We will open the cluster on fundamentals; the backbone of the accession process," European Commission President Ursula von der Leyen said on June 12. "It covers the core values and principles on which the EU is built, from the rule of law to strong democratic institutions."
When Ukraine takes key step toward Europe, Russian star will be performing next door
As Ukraine and Moldova move closer to the European Union on June 15, Russian opera star Anna Netrebko will take the stage at the Philharmonie Luxembourg next door. The contrast reflects a growing, worrying trend across Europe where some of the Russian cultural figures once boycotted after 2022 for their views are steadily being normalized again. Ukraine's embassy to Belgium and Luxembourg published a press release on June 10, expressing concern over Netrebko's planned performance. "For many y
Ukrainian drone maker Skyfall partners with Airbus on defense innovation
"Partnering with Airbus, we are developing the next generation of technologies to establish a multi-layered air shield that will bolster the protection of Ukrainian skies and European airspace," Skyfall CEO Mykolaiv Makovieiev said.
About EBRD
The European Bank for Reconstruction and Development is a multilateral bank founded in 1991 with headquarters in London. The EBRD supports economic development across Central and Eastern Europe and has invested over €20 billion in Ukraine since 1993, making it the bank's largest country of operations. Since February 2022, the bank has mobilized emergency financing for infrastructure repairs and reconstruction.
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Ukrainian Flamingo missiles strike military plant in large-scale attack on Russia, Zelensky confirms
The attack on Cheboksary was part of a broader Ukrainian assault that also struck the Kuibyshev oil refinery in Russia's Samara Oblast, as well as two oil infrastructure facilities in Russia's Vladimir Oblast.
