War in Ukraine

Zelensky says ‘significant progress’ made in finalizing peace plan

Ukrainian President Volodymyr Zelensky countenanced giving up territory in exchange for peace for the first time, via a free economic zone mechanism, as he laid out the detail of a plan fleshed out in talks in Florida at the weekend. File photo by Nadja Wohlleben/EPA

Dec. 24 (UPI) — Ukrainian President Volodymyr Zelensky unveiled a 20-point peace plan hammered out in negotiations in Miami over the weekend that provides strong NATO-style security guarantees in exchange for land concessions. He said the plan was now being reviewed by Moscow.

Detailing the plan on Tuesday, Zelensky said “the main framework” included affirmation of Kyiv’s sovereignty, a non-aggression pact, a means to monitor the final border, Ukraine‘s non-nuclear status and limits on its military to 800,000 troops, The Kyiv Independent and RBC-Ukraine reported.

The plan also contains Ukraine-U.S.-Europe security guarantees, U.S.-Ukraine security guarantees, and a 15-year plan for Ukraine’s recovery and economic development involving raising as much as $800 billion.

European Union membership for Ukraine will form part of the security guarantees.

The document, which emerged from a 28-point-plan drafted by the White House and the Kremlin and first floated by President Donald Trump in mid-November, was expected to be delivered to the Kremlin by U.S. officials later Wednesday.

An immediate cease-fire comes into force as soon as Ukraine, the United States, Europe, and Russia sign — with Ukraine commiting to hold elections as soon as possible afterward. Who would sign on behalf of Europe was yet to be decided.

“We have made significant progress toward finalizing the documents,” Zelensky said.

However, Kyiv wants to put the plan to the people of Ukraine in a referendum which would take at least two months.

The main sticking point of territory remains with the plan calling for the frontlines in Donetsk, Luhansk, Zaporizhzhia and Kherson regions to form the de facto border, while Russia will pull out of Ukraine’s Dnipropetrovsk, Mykolaiv, Sumy, and Kharkiv regions.

The United States has proposed a compromise acceptable to both sides under which Ukrainian forces pull out of areas of its Donetsk region that Kyiv still controls in favor of a demilitarized “free economic zone” that Russian forces would not advance into.

“We are in a situation where the Russians want us to withdraw from Donetsk Oblast, while the Americans are trying to find a way for us not to withdraw because we are against withdrawal,” Zelensky said.

“We consider a free economic zone a potential option for a sovereign state to choose such a path. We fought for a single word — ‘potential.’ We believe that such potential economic zones can exist,” he added.

“If all regions are included and if we remain where we are, then we will reach an agreement. That is why it says ‘potential zones’ here. But if we do not agree to ‘remain where we are,’ there are two options: either the war continues, or something will have to be decided regarding all potential economic zones.”

Zelensky’s mention of other potential economic zones refers to his preferred solution to the other big outstanding issue of the Zaporizhzhia Nuclear Power Plant, which has been occupied by Russian forces since shortly after their full-scale invasion in 2022.

Ukraine opposes a U.S. plan under which Ukraine, Russia and the United States share equal control with Washington having overall jurisdiction, with Kyiv instead pushing for a U.S.-Ukraine partnership under which they would split the electricity generated 50-50.

Clouds turn shades of red and orange when the sun sets behind One World Trade Center and the Manhattan skyline in New York City on November 5, 2025. Photo by John Angelillo/UPI | License Photo

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Secretary of State Marco Rubio: Russia-Ukraine conflict is ‘not our war’

Dec. 19 (UPI) — U.S. Secretary of State Marco Rubio said Friday that U.S. negotiators have made “progress” attempting to end the war between Russia and Ukraine, but ultimately “it’s not our war.”

The Russian invasion of Ukraine was one of several global issues Rubio addressed during his 2-hour year-end news conference with reporters. He said despite the progress in negotiations, “we have a ways to go” to end the nearly four-year war in eastern Europe.

“And obviously, the hardest issues are always the last issues,” he said during the briefing.

“Maybe that happens this week, maybe that happens next month, maybe that’s not ready for a few months,” Rubio said of a deal.

His comments came ahead of a weekend meeting in Miami between U.S. and Russian negotiators. He said that while the United States is trying to work on a deal that would make both parties happy, he’s not willing to force a plan.

“It’s not our war. It’s a war on another continent.

“We can’t force Ukraine to make a deal. We can’t force Russia to make a deal. They have to want to make a deal.”

White House officials said they were optimistic this weekend’s meeting would result in an agreement. Previous talks resulted in about “90%” consensus on terms, the officials told The Hill.

Those terms included a multi-national force deployed to Ukraine to respond to acts of aggression against the country in the future. Earlier this week, European leaders pledged to provide military support to Ukraine in protection against Russia, however Ukrainian President Volodymyr Zelensky conceded over the weekend his country may have to give up its dream of joining NATO to end the war.

As peace talks have gone on, U.S. negotiators have put pressure on Ukraine to make more concessions to Russia, which has remained staunch in its demands, which including giving up land. Politico reported that the Trump administration believes Russia will accept EU membership for Ukraine as well as offers of mutual defense from the United States and European countries.

President Donald Trump holds a signed executive order reclassifying marijuana from a schedule I to a schedule III controlled substance in the Oval Office of the White House on Thursday. Photo by Aaron Schwartz/UPI | License Photo

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Putin says he’s ready to continue war with Ukraine in annual address

Russian President Vladimir Putin speaks during his annual live broadcast press conference with Russian federal, regional, and foreign media in Moscow. Photo by Sergei Ilnitsky/EPA

Dec. 19 (UPI) — Russian President Vladimir Putin said he was determined to continue the war in Ukraine until his conditions are met, which include taking Ukrainian territory.

Putin spoke at his annual press conference and touted Russia’s recent gains in the region.

“The strategic initiative is completely in the hands of the Russian forces,” Putin said. He added that Russia is “ready to end the conflict peacefully” if Ukraine cedes large areas of its eastern territories.

Ukrainian President Volodymyr Zelensky has said Ukraine won’t give up its land, which is set by the country’s constitution.

Russia has also demanded that Ukraine give up its bid to join NATO and said that if NATO members sent troops, Russia would view them as “legitimate targets.”

“The ball is entirely in the court of our Western opponents,” he said, adding that Russia had agreed to compromises proposed by the United States in its peace plan negotiated by the President Donald Trump administration.

Earlier this week, Zelensky was asked if Kyiv would give up its attempts to join NATO. He said Ukraine’s “position remains unchanged.”

“The United States don’t see us in NATO, for now,” he said. “Politicians change.”

European leaders have agreed to continue funding Ukraine in its fight against Russia with a two-year, $105 billion loan for munitions in the ongoing war.

European leaders couldn’t agree on their first choice to arm Ukraine using frozen Russian state assets to back the loan.

The plan to use frozen Russian assets fell apart in the final moments after Belgium pushed back, fearful that it would be at legal and financial risk. The bank holding the assets is in Belgium, and Russia has sued to block the plan.

European leaders announced Thursday that they will instead use money from the EU budget. The new plan could be more costly and difficult to mobilize.

Former President Joe Biden presents the Presidential Citizens Medal to Liz Cheney during a ceremony in the East Room of the White House in Washington, on January 2, 2025. The Presidential Citizens Medal is bestowed to individuals who have performed exemplary deeds or services. Photo by Will Oliver/UPI | License Photo

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EU leaders agree on $105 billion funding plan for Ukraine

Polish Prime Minister Donald Tusk attends the EU Council Summit in Brussels, Belgium, Thursday. EU leaders are meeting to discuss the latest developments in Ukraine, the EU’s next multiannual financial framework, the EU enlargement process, and the geoeconomic situation in the European Union. EPA/OLIVIER MATTHYS

Dec. 18 (UPI) — European leaders have agreed to continue funding Ukraine in its fight against Russia with a two-year, $105 billion loan to provide the embattled nation with munitions and other material in the ongoing war, the latest battle of which has dragged on since 2022.

European leaders failed to agree on the first choice to arm Ukraine, using frozen Russian state assets as backing for the loan.

The plan to use frozen Russian assets to back the loan fell apart in the final moments, a schism that risked making the EU appear indecisive at a critical moment in negotiations.

European leaders announced Thursday that they will instead use money from the EU budget to fund Ukraine’s defense effort. As a result, the backup plan could be more costly and difficult to mobilize than the original plan to leverage the stash of Russian money currently frozen in Europe.

European leaders said since the end result is the same, getting funds to Kyiv, they celebrated it as a victory.

“This will address the urgent financial needs of Ukraine,” Antonio Costa, the president of the European Council, said at a media briefing in Brussels.

Partly because of a cut in funding from the United States, Ukraine is facing a $160 billion shortfall over the next two years, according to forecasts by the International Monetary Fund. The EU sought to fill about $105 billion of that gap.

Costa added that the EU will reserve its right to use frozen Russian assets for continued funding in the future.

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New chief of Britain’s MI6 warns of threat from Russian hybrid warfare

The use of hybrid warfare tactics was the most dangerous aspect of the threat posed by an “aggressive, expansionist and revisionist” Russia, MI6 chief Blaise Metreweli was set to say Monday in her first speech since taking over at Britain’s spy agency in October. File photo courtesy U.K. Foreign Office/EPA-EFE

Dec. 15 (UPI) — Incoming spy chief Blaise Metreweli will use her first speech as head of MI6, Britain’s foreign intelligence service, to warn of the grave threat from Russia, particularly from its use of hybrid warfare.

The agency’s first woman head was set to warn of what she called “an acute threat posed by an aggressive, expansionist and revisionist Russia” and that its use of cyberattacks and drones meant “the frontline was everywhere.”

Metreweli, who took over from the outgoing “C,” Sir Richard Moore, on Oct. 1, will detail incidents of hacking and flying of drones near vital infrastructure by Russian proxies as examples of its use of hybrid tactics.

Russia has been waging this type of low-grade war on Ukraine‘s Western allies since Russia’s full-scale invasion in 2022, according to analysts, flying drones into NATO airspace neighboring Ukraine, disrupting flights by allegedly flying drones near European airports and cutting undersea cables.

In Britain, this has included recruiting Britons to spy for it, allegedly paying individuals to carry out an arson attack on a factory in London owned by Ukrainians and pointing lasers at RAF jets tracking Russian spy ships.

Speaking at MI6 HQ in central London, Metreweli was expected to vow Britain would not let up its campaign to impede Russian President Vladimir Putin’s aggression against Ukraine, noting recent sanctions imposed on Russian organizations and individuals the government believes were involved in information warfare.

“The export of chaos is a feature not a bug in the Russian approach to international engagement; and we should be ready for this to continue until Putin is forced to change his calculus,” she is expected to say.

As expected, Metreweli, who previously served as MI6’s technology and innovation lead, made famous by the character “Q” in the James Bond movie franchise, will stress the key role technology must play going forward.

She will urge intelligence officers to become technology experts “not just in our labs, but in the field, in our tradecraft.”

“We must be as comfortable with lines of code as we are with human sources, as fluent in Python [the computer progamming language] as we are in multiple languages.”

In September, MI6 launched Silent Courier, a secure messaging platform on the dark web, enabling spies to anonymously upload information useful to British intelligence from anywhere in the world. A YouTube video tutorial accompanied the launch.

Britain was, Foreign Secretary Yvette Cooper said “bolstering their efforts with cutting-edge tech so MI6 can recruit new spies for the United Kingdom — in Russia and around the world.”

The service also carried the following disclaimer from the Foreign Office.

“MI6 advises individuals accessing its portal to use trustworthy VPNs and devices not linked to themselves, to mitigate risks which exist in some countries.

“Do not use a name, phone number or other data linked to your real identity when creating this account,” it added.

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Ukraine: European leaders meet Zelensky, Witkoff, Kushner in Berlin

German President Frank-Walter Steinmeier (R) welcomes Ukrainian President Volodymyr Zelensky (L) at Bellevue Palace in Berlin on Monday ahead of three way talks between European, American and Ukrainian delegations on efforts to hammer out a peace deal that is acceptable to all sides. Photo by Hannibal Hanschke/EPA

Dec. 15 (UPI) — British Prime Minister Keir Starmer and German Chancellor Friedrich Merz were set to meet with Ukrainian President Volodymyr Zelensky and U.S. officials in Berlin on Monday in an effort to reach a consensus on what any peace deal with Russia should look like.

The European leaders, along with French President Emmanuel Macron, who has yet to confirm his attendance, will seek to negotiate an alternative to the U.S.-Russia plan currently on the table with a stronger deal for Ukraine with better protections for its security.

The talks will also attempt to keep afloat an EU-brokered agreement to loan Ukraine some of the $246.7 billion of Russia’s assets frozen in European banks and other institutions to help it defend itself and take “forward peace talks from a position of strength,” amid mounting opposition to the plan.

The meeting follows five hours of talks on Sunday between Zelensky and U.S. Special Envoy Steve Witkoff and President Donald Trump‘s son-in-law, Jared Kushner, at the Federal Chancellery that Witkoff said were productive and would resume on Monday.

“Representatives held in-depth discussions regarding the 20-point plan for peace, economic agendas, and more. A lot of progress was made, and they will meet again tomorrow morning,” Witkoff posted on X on Sunday evening.

Zelensky was reported to have dropped demands for NATO membership, if it was what was required to end the war, in exchange for a bilateral defense agreement with the United States similar to an Article 5-like guarantee, along with other guarantees from Ukraine’s European partners.

Article 5 is a cast-iron guarantee, a collective defense principle enshrined in NATO’s constitution under which an armed attack on one member is considered an attack on all members and triggers an obligation for each member to come to its defense.

Following the initial discussions on Monday, Merz’s spokesman confirmed the group would be widened to include “numerous European heads of state and government, as well as the leaders of the EU and NATO.”

The diplomatic focus will shift to Brussels on Thursday when the leaders of all 27 EU nations converge on the Belgian capital for a meeting of the European Council with Ukraine and European security topping the agenda.

Council President Antonio Costa said the summit would address how best to continue defending Europe’s interests and how to “strengthen Ukraine’s negotiating position,” a key element of which necessitated “increased pressure on Russia.”

Costa said that having already committed to providing for Ukraine’s urgent financial needs for 2026-2027, including funding for its military and defense, it was now time to decide how to implement it and that leaders must keep talking on Thursday until an agreement was reached.

Earlier this month, European Commission President Ursula von der Leyen unveiled two options — both controversial — to provide Ukraine with $105.8 billion of the $158.6 it is estimated it will need in the two years through 2027 to keep the country running and being able to continue fighting Russia.

The so-called “reparations loan” option involving using frozen Russian assets only requires a two-thirds majority of EU states to vote for it. The second option under which the EU would use its budget to go borrow on the international capital markets is more problematic because it could be blocked by a single state.

Hungary and Slovakia have indicated they are opposed to either route, while Belgium, home to Euroclear, the clearing house where the majority of Russia’s frozen assets are held, has expressed strong worries that it could be taken to court by Russia were the frozen assets tapped or that it may scare off foreign investors.

Russia has protested that appropriating its assets amounts to theft but the EU says that is not the case because there was nothing to preclude Russia from reclaiming the funds in future — after it has paid war reparations to Ukraine.

Ukraine is set to run out of money early in the New Year.

South Africans honor Nelson Mandela

Large crowds gather outside Nelson Mandela’s former home in the Johannesburg suburb of Houghton to pay their respects on December 7, 2013. Mandela, former South African president and a global icon of the anti-apartheid movement, died on December 5 at age 95 after complications from a recurring lung infection. Photo by Charlie Shoemaker/UPI | License Photo

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Ukraine may give up NATO dreams for end of war, Zelensky says

Dec. 14 (UPI) — Ukrainian President Volodymyr Zelensky said Sunday that his country may give up its dreams of NATO ascension, at least temporarily, for an end to the war and security guarantees from the United States and Europe, reports said.

Zelensky, who has said that NATO ascension is unlikely because of Russian opposition, held that Ukraine would still seek security guarantees similar to the bloc’s Article 5 clause for mutual protection for members under attack.

His comments were made to journalists in a private WhatsApp chat and were reported by The New York Times and Financial Times.

“This is already a compromise on our part,” Zelensky said.

German Chancellor Friedrich Merz will host talks Sunday between Zelensky, as well as Steve Witkoff and President Donald Trump‘s son-in-law, Jared Kushner, at the Federal Chancellery.

Zelensky added that he has not yet received a response from the Trump administration on revised peace proposals sent last week, the reports said.

Under that peace plan, The New York Times reported, Ukraine said any decision to give up Ukrainian territory would need to be put to a vote and it removed a measure put in place by American negotiators preventing it from ever joining NATO, indicating that Zelensky holds on to hope Ukraine could join the defense alliance in the future.

Yuri Ushakov, the foreign policy adviser to President Vladimir Putin, said on state television Sunday that Russia would have “sharp objections” if the United States adopted any Ukrainian or European suggestions for the plan.

Both Ukraine and Russia have seemingly rejected a proposal from the Trump administration that would create a sort-of demilitarized zone in parts of eastern Ukraine that it still holds, requiring only Ukrainian troops to withdraw from the buffer area.

Zelensky said Sunday he did not consider it fair that Russian troops were not also asked to withdraw deeper into the occupied territories.

“We stand where we stand,” he said. “That is precisely a ceasefire.”

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Belarus releases 123 political prisoners after U.S. eases sanctions

Belarusian President Alexander Lukashenko, pictured at a press conference in January, agreed to release 123 political prisoners on Saturday in exchange for the United States dropping its crippling sanctions against the potash industry in Belarus. File Photo by Belarus President Press Service/EPA-EFE

Dec. 13 (UPI) — President Donald Trump on Saturday ended U.S. sanctions on potash fertilizers from Belarus in exchange for Belarusian President Alexander Lukashenko releasing 123 political prisoners.

Lukashenko freed the prisoners, who include Nobel Peace Prize laureate Ales Bialiatski and political opposition figure Maria Kolesnikova, in an effort to improve the Russia-allied nation’s relations with the United States, Bloomberg and the Los Angeles Times reported.

“In accordance with President Trump’s instructions, the United States is lifting sanctions on potash,” U.S. Special Envoy John Coale told Belta, Belarus’ official news agency.

“I believe this is a very good step by the United States for Belarus,” Coale said. “We are lifting them now.”

Belarus has been sanctioned by the U.S. and other Western nations since 2021 because of Lukashenko’s authoritarian rule and decades of political repression.

Sanctions have ramped up since 2022 because Lukashenko also allowed Russian President Vladimir Putin to launch his invasion of Ukraine from Belarus.

In 2024, Lukashenko started releasing prisoners in order to appease Western leaders, including Trump, and get sanctions lifted that have crippled the Belarusian potash industry.

Since July 2024, before Saturday’s prisoner release, Belarus has freed more than 430 political prisoners.

According to Coale, the United States is “constantly talking” to Belarus and lifting the U.S. sanctions on potash — European sanctions, which have been called more consequential than the U.S. sanctions, remain in place — is a step toward reaching a point where all sanctions against the country have been removed.

“As relations between the two countries normalize, more sanctions will be lifted,” Coale said.

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Russian Central Bank sues Belgian bank over frozen funds

Ukrainians hold signs during a protest demanding the use of frozen Russian assets on the sidelines of the Economic and Financial Affairs Council meeting in Brussels on Friday. Belgium has been blocking an EU plan to approve a large “reparations loan” for Ukraine backed by frozen Russian state assets because it fears major legal and financial risks. Russia has filed a lawsuit as a warning. Photo by Olivier Hoslet/EPA

Dec. 12 (UPI) — Russia’s Central Bank has filed suit against the Belgian bank that holds about $217 billion in frozen Russian state assets to stop the European Union from using that money to make a large loan to Ukraine.

Most of Moscow’s frozen cash is held in Belgian bank depository Euroclear. The EU wants to extend a loan to Ukraine, which is running out of money to fight the Russian invasion of the country. But Russia wants to block that loan and accuses the EU of theft.

The Central Bank filed the suit in the Moscow City Arbitration Court as a warning to the EU. It said in a statement that Euroclear was participating in “unlawful activities” and that it filed the suit because the EU’s executive was “considering proposals for direct or indirect use of Bank of Russia assets without authorization.”

“A Moscow court cannot force Euroclear to comply, and any ruling would be unenforceable abroad,” said Alexandra Prokopenko, a former Russian Central Bank official and a fellow at the Carnegie Russia Eurasia Center, told The New York Times.

“But it is not meaningless: It creates formal documentation of Russia’s legal claims and serves as a political signal ahead of international litigation.”

Prokopenko also said an investment protection agreement exists between Russia, Belgium and Luxembourg that requires any loss to be compensated. That means Moscow could use that in future international arbitration against Belgium. So Belgium is worried about being left responsible in the future.

EU leaders will discuss the potential loan at a meeting Thursday in Brussels of leaders of all 27 member states. Belgium’s Prime Minister Bart de Wever was in London to meet with British Prime Minister Keir Starmer on Friday. The frozen assets were on the agenda, British officials have said.

European countries have been pushing Belgium to agree to the plan, but it’s trying to convince other countries to share the risk. Although most of Russia’s cash is at Euroclear, but smaller amounts are held in other European countries.

The loan plan would use the frozen assets to back a $106 billion loan to Ukraine, meted out over the next two years. Ukraine would only have to pay it back if Russia pays reparations.

Ukraine’s President Volodymyr Zelensky said about the funds, “It’s only fair that Russia’s frozen assets should be used to rebuild what Russia has destroyed — and that money then becomes ours.”

The loan plan could also cause a clash with Washington. In the U.S.-created peace plan that is still being negotiated, that frozen money was to be used to help rebuild Ukraine. But EU officials argue that if Ukraine falters financially, it will be in a weakened position in peace negotiations.

Using the frozen funds could “destabilize the international financial system,” Euroclear chief executive Valérie Urbain said.

“Belgium is a small economy,” Veerle Colaert, professor of financial law at KU Leuven University, told the BBC. “Belgian GDP is about [$661.5 billion] — imagine if it would need to shoulder a [$216.5 billion] bill.” She also said the loan may violate EU banking rules.

“Banks need to comply with capital and liquidity requirements and shouldn’t put all their eggs in one basket. Now the EU is telling Euroclear to do just that,” Colaert said.

“Why do we have these bank rules? It’s because we want banks to be stable. And if things go wrong it would fall to Belgium to bail out Euroclear. That’s another reason why it’s so important for Belgium to secure water-tight guarantees for Euroclear.”

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Kim Jong Un touts defense policy, overseas troop deployment at key party meeting

North Korean leader Kim Jong Un praised his country’s military modernization efforts at a key ruling party meeting, state-run media reported Friday. In this photo, Kim is seen speaking Tuesday during the second day of the plenary meeting of the Workers’ Party Central Committee. Photo by KCNA/EPA

SEOUL, Dec. 12 (UPI) — North Korean leader Kim Jong Un praised his country’s military modernization efforts as addressing security challenges “effectively and correctly” at a key ruling party meeting, state-run media reported Friday.

Kim said the regime’s push to strengthen defense capabilities was the “exact” direction to ensure North Korea’s security amid shifting geopolitical dynamics, according to the official Korean Central News Agency.

The comments came as the three-day enlarged plenary meeting of the Workers’ Party of Korea’s Central Committee wrapped up on Thursday. The session reviewed this year’s policy implementation results and laid groundwork for a key party congress set for early next year.

During his remarks, the North Korean leader also highlighted the deployment of troops to Russia as a major achievement of the country’s defense strategy.

“The signal military gains made by … the Korean People’s Army in the overseas military operations over the past nearly one year demonstrated to the world the prestige of our army and state,” Kim said.

Pyongyang has provided significant support for Moscow’s war effort in Ukraine, sending thousands of shipping containers of munitions and deploying 15,000 troops to assist Russian forces in the Kursk region, according to Seoul’s National Intelligence Service.

In exchange, experts assess that Russia is transferring advanced military technology to Pyongyang, including assistance with space launch vehicles, reconnaissance satellites and air defense systems.

On Friday, the commander of U.S. Forces Korea warned of the expanding threat posed by North Korea as it deepens military cooperation with Russia.

“Russian-DPRK collaboration is real — it is not a quid pro quo relationship,” Gen. Xavier Brunson said during a webinar.

The Democratic People’s Republic of Korea is the official name of North Korea.

“There are things we know are happening right now that give me pause as I look at what might face us down the road, whether that be training, or techniques and procedures they’re learning from the front,” Brunson said.

The ruling party’s Ninth Congress, expected in early 2026, is widely expected to outline a new five-year economic plan and recalibrate Pyongyang’s military and foreign policy priorities.

Analysts say that the event may also cement a hard-line posture toward South Korea. In 2024, North Korea officially designated the South as a “hostile state,” according to state media, while Kim publicly rejected the long-held goal of reunification.

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EU disburses 6th Ukraine Facility aid tranche to Kyiv

Dec. 12 (UPI) — European Union member states have approved nearly $2.7 billion in funding for Ukraine as part of a plan to bolster the war-besieged nation’s recovery, reconstruction and modernization.

The disbursement of the funds was approved Thursday by the European Council, the 27-member block’s top political steering body, to boost Ukraine’s macro-financial stability and support the functioning of its public administration, the council said in a statement.

“I am grateful to the EU for the steadfast support,” Sergii Marchenko, Ukraine’s minister of finance, said in a statement.

“The [Ukraine-EU] partnership ensures our financial stability today and lays the foundation for Ukraine’s shared future in the EU.”

According to Ukraine’s Ministry of Finance, $2.4 billion of the funds will be provided as loans, with the remainder in grants.

It is the sixth regular disbursement of funds from the Ukraine Facility, the EU’s main framework for sustaining Ukraine’s economy, governance and reconstruction amid its defense against Russia’s invasion.

Ukrainian Prime Minister Yulia Svyrydenko said in a statement that this disbursement is “essential” for Ukraine to maintain its “financial resilience” during the war, which began with Russia’s invasion on Feb. 24, 2022.

“We are grateful to our European partners for their consistent support and for continuing the program,” she said.

The council agreed to release the funds as Ukraine successfully completed the eight steps required for the disbursement as well as an outstanding step from the fourth disbursement, according to the council.

The reforms were implemented before the end of the third quarter in the areas of public finance management, the judiciary, the business environment, the banking sector, environmental protection and others, according to the finance ministry.

“The government of Ukraine is working to further improve compliance with Ukraine Facility conditions in the upcoming reporting period,” Svyrydenko added.

The announcement comes a little over a month after the EU approved the fifth disbursement in early November.

“This quick consecutive provision of funds mirrors Ukraine’s speed and commitment to implement reforms aligned with the country’s EU accession goals,” the council said.

The Ukraine Facility entered into force March 1, 2024, to provide Ukraine with up to more than $58 billion in grants and loans through 2027.

To date, Ukraine has received more than $28.6 billion under the program, with $9.7 billion having been received this year alone, according to the Ministry of Finance.

“This is stable and predictable financial support that enables us to maintain budget liquidity and ensure social payments,” Marchenko added in a separate statement.

“Thanks to this support, Ukraine remains on the path of reforms and is moving closer to EU membership.”

The Ukraine Facility is closely linked to advancing the so-called Ukraine Plan that outlines Kyiv’s strategy not only for recovery, reconstruction and modernization but also for implementing reforms to achieve its goal of becoming the 28th member of the EU.

The announcement coincided with the EU and Ukraine agreeing on a 10-point plan on implementing reforms to ensure Kyiv aligns with the bloc and eventually becoming a member.

The EU is Ukraine’s largest backer during its war against Russia, giving it about $80.2 billion since the war began, of which $30.9 billion was given this year.

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