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Austria's OMV secures $243 million arbitral award for Gazprom's irregular German gas supplies

Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million (230 million euros). This ruling relates to irregularities in German gas supplies provided by Gazprom. OMV noted that the award, which includes interest and costs, will help offset […]

Ukraine

November 15, 2024

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Netherlands pledges 400 million for Ukraine drone initiative

During an unannounced visit to Kyiv on Oct. 6, Dutch Defense Minister Ruben Brekelmans announced that the Netherlands will invest 400 million euros ($440 million) in a joint advanced drone development initiative with Ukraine. He also confirmed that additional F-16 fighter jets will be delivered to Ukraine in the coming months. As Ukraine faces continued […]

Ukraine

October 6, 2024

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US announces $266 million in sales to bolster Ukraine’s F-16 fighter jets

The State Department approved a $266 million foreign military sales package for Ukraine on Dec. 10, enabling the sustainment of services as well as repairs necessary for the upkeep of the country's F-16 fighter jets. The proposed sale, which has not yet been formally finalized, includes key support systems for Ukraine's F-16 fighter jets, including […]

Ukraine

December 10, 2024

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Ukraine war latest: US announces new defense aid package for Ukraine worth $400 million

Key developments on Oct. 21: US announces $400 million defense aid package for Ukraine Russia detains 18 North Korean soldiers who left positions in Kursk Oblast, source says Kremlin calls North Korean troops reports 'contradictory' but stops short of denial Russia attacking toward town near Pokrovsk, National Guard says Ukraine destroys Russian Buk air defense […]

Ukraine

October 21, 2024

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Denmark to provide over $137 million for Ukrainian defense industry

Denmark will allocate 130 million euros ($137.5 million) for the development of the Ukrainian defense industry, Danish Prime Minister Mette Frederiksen announced on Nov. 19 during a joint press briefing with Ukrainian President Volodymyr Zelensky. Frederiksen came to Kyiv on Nov. 19 in a surprise visit and met Zelensky on the 1,000th day of Russia's […]

Ukraine

November 19, 2024

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EBRD, IFC to provide $435 million to new Ukrainian telecom company

The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) provided $435 million to support investment in Datagroup-Volia-Lifecell, a recently merged Ukrainian telecom company owned by a French billionaire, according to a statement from Oct. 10. This is the single biggest direct foreign investment in Ukrainian business since Russia's full-scale invasion began […]

Ukraine

October 10, 2024

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EU to allocate 170 million euros to six countries bordering Russia and Belarus

European Commission President Ursula von der Leyen announced 170 million euros ($178 million) in financial support for six European countries bordering Russia and Belarus to bolster their border protection efforts. This announcement followed her discussion with Finnish Prime Minister Petteri Orpo. “Finland, alongside the Baltic countries, Poland, and Norway, is courageously protecting our borders from […]

Ukraine

December 11, 2024

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Ukraine's population dropped by 10 million after Russia's 2014 invasion, UN says

Ukraine's population has declined by over 10 million since Russia invaded in 2014, according to Florence Bauer, regional director for the Eastern European and Central Asian branch of the U.N. Population Fund (UNFPA). Russian troops first invaded Ukraine in 2014, occupying parts of the eastern Donbas region and illegally annexing the Crimean peninsula. Since then, […]

Ukraine

October 22, 2024

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US to announce $275 million military aid package to Ukraine, AP reports

The U.S. is preparing to announce a military aid package for Ukraine worth about $275 million, the Associated Press (AP) reported on Nov. 19, citing U.S. officials. The latest aid package comes as the Biden administration rushes to deliver approximately $7 billion in military aid to Ukraine ahead of the inauguration of President-elect Donald Trump, […]

Ukraine

November 19, 2024

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Norway allocates more than $87 million to increase weapons production for Ukraine

Norway’s government will allocate up to 967 million kroner (around $87.5 million) to enhance its defense industry, with a focus on supporting Ukraine amidst Russia’s full-scale invasion. The Norwegian Ministry of Defense said that the funds will support four new projects to boost production of crucial components, including rocket engines and explosives, needed for manufacturing […]

Ukraine

October 10, 2024

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US announces over $440 million in economic aid for Ukraine

The United States will provide Ukraine with over $440 million in aid for key sectors of its economy, Richard Verma, U.S. Special Representative for Ukraine's Economic Recovery, announced on Dec. 12. The announcement comes as outgoing U.S. President Joe Biden aims to ramp up support for Ukraine before President-elect Donald Trump takes power in January. […]

Ukraine

December 12, 2024

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Ukraine war latest: US to provide Ukraine with $800 million to boost domestic long-range capabilities

Key developments on Oct. 22: US to provide Ukraine with another $800 million to boost domestic long-range capabilities, Zelensky says Ukrainian drones target Russian alcohol plants overnight, local authorities claim North Korea has sent pilots to Russia to join its war in Ukraine, Newsweek reports South Korea considering sending military personnel to Ukraine to monitor […]

Ukraine

October 22, 2024

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