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27 Jun 24
Bloc ‘determined’ to reduce sources of revenue but governance for members now critical
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12 Sep 23
Next year’s budget will see Sweden increase its military spending by more than a quarter as the government responds to its “serious security situation” in the wake of Russia’s aggression in Ukraine...
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18 Aug 23
Millions of euros the European Union had planned to spend on programmes involving Russia and Belarus will now be spent with Ukraine and Moldova, in light of the ongoing war.
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21 Jul 23
A proposed €20bn long-term military support package will provide more “sustainable and predictable” financing for Ukraine, a senior European Union minister has said.
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16 Jun 23
US senators have tabled a bill that would allow the transfer of seized Russian government assets to Ukraine to fund its reconstruction after being devastated by war.
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30 May 23
Potential sanctions linked to South Africa’s position on Russia could push the country into a financial crisis, its central bank has warned.
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23 May 23
Support for Polish farmers struggling with higher costs associated with Russia’s invasion of Ukraine has been approved in Brussels.
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14 Apr 23
Economic disruption caused by Russia’s invasion saw the Ukrainian economy contract by almost 30% last year, the nation’s statistics agency has revealed.
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22 Dec 22
An emotional appeal by the Ukrainian president in the US secured more than $2bn in new aid for his country amid continued Russian aggression.
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18 Nov 22
Security spending and policies aimed at shielding people from inflation will leave Finland’s public finances in a weaker position, according to the International Monetary Fund.
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1 Nov 22
Oil companies making vast profits because of high prices pushed up by the war in Ukraine could have to pay more tax if they do not lower their prices, US president Joe Biden has said.
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26 Oct 22
The Ukrainian government has appealed for more support from donor countries and multilateral lenders to help fund its war response, meet budgetary needs and begin the reconstruction effort.
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11 Oct 22
The plight of Ukrainian refugees has been raised by UK campaigners and local government leaders.
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10 Oct 22
Governments across the European Union have spent more than €100bn on Russian fossil fuels since the nation invaded Ukraine in February, a climate group has said.
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30 Sep 22
The German government has announced a €200bn fund to protect consumers and businesses from high gas prices.
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9 Sep 22
The outpouring of refugees from Ukraine following Russia’s invasion has left public services in many European countries in need of support, and economists have stressed the importance of subnational...
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23 Aug 22
Ukraine has continued to urge European governments to send arms as its invasion by Russia looks set to enter its seventh month.
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11 Aug 22
The United Nations has nearly doubled its request for donations to help its aid workers continue to assist those displaced by the Russian invasion.
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9 Aug 22
Russia’s invasion of Ukraine has “materially hit” the outlook for Estonia’s public finances and economy, ratings agency Fitch has said while warning the government not to lose its focus on fiscal...
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27 Jul 22
The International Monetary Fund has warned that further economic disruption linked to the war in Ukraine or future waves of Covid-19 could push the world economy into recession as it published its...
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26 Jul 22
The Russian central bank has slashed interest rates by 1.5 percentage points because subdued customer demand has led to reduced inflation.
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25 Jul 22
A complete and permanent shutoff of Russian gas into Europe would take close to 3% off Germany’s forecast economic activity next year, the International Monetary Fund has said.
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19 Jul 22
Does Russia’s invasion of Ukraine mean that governments around the world are set to spend more on defence over coming years? And, if they do, what are the implications for public spending in other...
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19 Jul 22
Failure to pay its dollar-denominated debt obligations in the correct currency constitutes Belarus technically defaulting in the eyes of ratings agencies Fitch and Moody’s.
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18 Jul 22
The Ukrainian government needs $9bn of aid per month to keep public finances going in the nation whose economy, as well as its land and cities, has been ravaged as a result of the Russian invasion, a...