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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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US Senate passes $40 billion Ukraine bill

The US Senate voted on Thursday to pass a $40 billion package of military and economic aid to Ukraine. The bill gifts Kiev nearly $20 billion in weapons, ammunition and training, and dramatically boosts the budget of the US State Department. The bill passed by 86 votes to 11, and …

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$40 billion Ukraine aid package delayed in US Congress

A US plan to provide nearly $40 billion in additional military and economic aid to Ukraine amid its conflict with Russia has hit a speed bump, with Senator Rand Paul (R-Kentucky) blocking a quick vote to approve the funding bill and likely delaying passage to at least next week. Paul …

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IMF to expedite $5 billion loan to Ukraine

Ukraine likely needs $5 billion a month in financial assistance to keep its economy operating and the immediate priority was finding ways to fill that gap in the next three months, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The Washington-based financial institution will start work on a …

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