Reuters: Ukraine refuses to remove Austrian Raiffeisen bank from 'sponsors of war' list.
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Ukraine’s NACP refuses to remove Raiffeisen Bank from war list
Ukraine's National Agency on Corruption Prevention (NACP) has refused to remove Austria's Raiffeisen Bank from the international sponsors of war list, citing the bank still not having a clear plan to leave the Russian market, Reuters reported on Feb. 15.
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Damage figure 2.8 times Ukraine’s nominal GDP
This figure, based on data gathered between Feb. 24, 2022, and Dec. 31, 2023, is 2.8 times higher than Ukraine's nominal gross domestic product (GDP) for last year, read the report co-authored by the World Bank, the Ukrainian government, and the European Commission.
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World Bank: Ukraine’s recovery costs now $486 billion
World Bank: Ukraine's recovery costs rise to $486 billion. The estimated cost of Ukraine's post-war recovery and reconstruction has risen to $486 billion over a 10-year period, according to the World Bank's latest assessment.
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Hungary blocks EU sanctions package over Chinese companies
Financial Times: Hungary blocking new EU sanctions package against Russia. Hungary has blocked the approval of the European Union’s latest package of sanctions against Russia due to the presence of Chinese companies in the list, the Financial Times (FT) reported on Feb. 15,
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Russia fuels North Korea, Iran with energy sales amid Ukraine crisis
While Ukraine faces crisis in Europe, danger is also brewing in Asia as Russia's sanction-limited economy sustains itself through energy sales, funneling fresh funds into rogue states like North Korea and Iran
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Russie exploite pénurie d’artillerie contre l’Ukraine
With artillery scarce, Russia is exploiting the gap to escalate attacks. Resolving the shell shortage by spring is critical for Ukraine's planned counteroffensive. Each day lost while allies debated how to coordinate new factories proved costly in blood
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Ukraine receives only fraction of promised ammunition from US, Europe in 2023
The challenge is ramping up production fast enough to meet this need. Despite pledges, the US and Europe delivered only a fraction of promised ammunition to Ukraine in 2023 amid difficulties rapidly expanding outdated manufacturing capabilities
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Ukraine needs millions of shells amid dire ammunition shortages
Meanwhile, Ukraine is facing dire ammunition shortages as Russia launches relentless assaults along the front, bolstered by North Korea. To continue mounting effective counteroffensives &deterring Russian coercion, Ukraine urgently requires millions more shells from W partners
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Germany: Scholz hesitant on Taurus missiles to Ukraine
Germany has provided record military support to Ukraine this year, supplying a wide range of weapons from artillery to tanks. Yet Chancellor Scholz remains reluctant to send Taurus missiles capable of striking strategic Russian assets like the Crimean Bridge.