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Western firms lost $103 billion from Russia exits – NYT

Efforts by Ukraine and its Western backers to convince, shame, and sanction companies into leaving the Russian market have backfired, placing lucrative enterprises in Russian hands at discount prices and pumping more than a billion dollars worth of exit taxes into Moscow’s coffers, the New York Times reported on Monday. …

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EU fails to unblock €5 billion aid to Ukraine

The EU will consider a €5 billion military aid package for Ukraine for 2024, the bloc’s foreign policy chief Josep Borrell said in Kiev on Monday. Hungary’s veto on the existing €500 million “European Peace Facility” fund has not yet been withdrawn, however. “I have proposed a new multi-annual bilateral …

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White House details over $100 billion in Ukraine costs – media

President Joe Biden’s administration has reportedly confirmed more than $100 billion in US aid to Ukraine since the Russian military offensive began in February 2022, prompting one lawmaker to call for ending the “money pit.” Responding seven months late to a request from Senate Republicans for an accounting of US …

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US preparing another $2 billion in arms for Ukraine – Bloomberg

The Pentagon is set to unveil another $2 billion in military aid for Ukraine, hoping to bolster the country’s air defenses as Kiev launches its much-touted counteroffensive against Russian forces, Bloomberg News has reported. The announcement is likely to come later this week, the outlet said on Thursday, citing unnamed …

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Pentagon doles out another $1 billion in Ukraine aid

The US Department of Defense has announced its largest military aid package for Kiev since the Russia-Ukraine conflict began in February, planning an additional $1 billion in weapons shipments to the former Soviet republic. The latest batch of weaponry was approved under President Joe Biden’s so-called “drawdown authority,” the 18th …

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Global population to hit 8 billion this year – UN

The world’s population is expected to reach the eight-billion milestone in mid-November of this year, with India projected to surpass China next year as the most populous country, the United Nations has said. A UN report released on Monday predicts that the global population could increase to around 8.5 billion …

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Nearly $100 billion worth of deals signed at SPIEF 2022

The 25th St. Petersburg International Economic Forum (SPIEF 2022), held from June 15 to 18 in Russia, resulted in 5.6 trillion rubles ($97 billion) worth of agreements, which is 30% more than last year (3.8 trillion rubles). Over 690 deals were signed during the four-day event. Despite the tense political …

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Biden to give $1 billion more weapons to Ukraine

Washington will give Kiev another $1 billion in “security assistance,” including artillery, ammunition and advanced missiles, US President Joe Biden announced on Wednesday after a phone call with his Ukrainian counterpart Volodymyr Zelensky. Biden informed Zelensky that the aid will include “additional artillery and coastal defense weapons, as well as …

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UK to burn £4 billion of Covid-19 protection

The UK government accumulated Covid-19 personal protection equipment (PPE) worth a whopping £4 billion ($4.94 billion) that is deemed unusable and needs to be disposed of, Parliament’s Public Accounts Committee said in a report published on Friday. The Cabinet now plans to literally burn most of it, the report adds. …

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Biden signs $40 billion Ukraine aid package

US President Joe Biden signed into law a massive $40 billion military and economic aid package for Ukraine on Saturday. Biden inked the document during his visit to South Korea.The document, titled the “Additional Ukraine Supplemental Appropriations Act 2022,” was flown to Seoul specifically for Biden’s signature. The move appears …

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