The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects. The EBRD Board of Governors have approved taking firm action against the Russian Federation and Belarus following the invasion of Ukraine. Access by the Russian Federation and Belarus to the resources of the Bank is to be formally suspended with immediate effect. This means that there can be no new financing of projects or technical cooperation activities in either country. Furthermore, the Bank avails itself of all rights to suspend or cancel further disbursements of funding on existing projects.
The EBRD has announced already that it is in the process of closing its Resident Offices in both Moscow and Minsk.
The EBRD President, Odile Renaud-Basso, said: “It is sad that we have come to this point after so many years of cooperation and activity in both countries. However, the Russian-led war on Ukraine has left us no choice but to show our condemnation with more than just words. Actions are required, too, so that the two countries are in no doubt that we believe they have undermined the values which are important to us as an institution and to the international community.”
The EBRD is now focusing on delivering a €2 billion Resilience and Livelihoods Support Package for Ukraine and for other countries in the region directly impacted by the refugee crisis. The measures are designed to help companies and communities. Funding is being made available rapidly to enable Ukrainian firms to receive liquidity support, deferral of loans and trade finance. Where possible, businesses will be helped to relocate so that their operations can continue. Once conditions allow, the Bank has also pledged to take part in a reconstruction programme for Ukraine.
The EBRD is also ready to support all its countries of operations to deal with the consequences of the war and its economic impact.
The Ministry of Infrastructure of Ukraine has sent an official appeal to the European Commission with proposals to increase economic pressure on the Russian Federation and the Republic of Belarus.
“Despite the already introduced restrictive measures, Russian business finds workarounds and continues to conduct operations in other countries. Accordingly, the existing sanctions do not fully achieve their goal,” the ministry said on its website on Tuesday.
In this regard, the Infrastructure Ministry proposes to the European Union: completely block land and sea transport links with Russia and Belarus; block the possibility of transporting goods and people to Russia and Belarus through the territory of the European Union and across its borders; prohibit the provision of customs services for goods delivered to Russia and Belarus.
“In particular, these measures are necessary to stop the supply of dual-use goods to the aggressor country that can be used for military needs,” the ministry said.
BELARUS, BLOCK, EUROPEAN COMMISSION, RUSSIA, TRANSPORT LINKS, UKRAINE
JSC Ukrzaliznytsia, taking into account the material losses inflicted on Ukraine by the Russian Federation and Belarus, will not return their freight cars to Russian and Belarusian owners, Deputy Director of the Department of Commercial Work of Ukrzaliznytsia Valeriy Tkachev said on his Facebook page on Thursday night.
According to him, over the past 24 hours, the owners of Belarusian and Russian railcars began to contact the Center for Transport Logistics of Ukrzaliznytsia with demands for redirection and return of their rolling stock, which is now in Ukraine.
“Looking at the material damage caused to Ukraine – the aggressor country (Russia) and its ally (Republic of Belarus); and most importantly, given the thousands of innocent victims killed by the invaders… all rolling stock, cargo and other things will not be returned to the occupying countries!” Tkachev said.
The Verkhovna Rada of Ukraine adopted the law on ratification of the protocol between the government of Ukraine and the government of the Republic of Belarus on amendments to the agreement between the government of Ukraine and the government of the Republic of Belarus on international road traffic of December 17, 1992 (No. 0060).
The relevant document was supported by 281 MPs.
The Ministry of Infrastructure noted that this law will liberalize the conditions for carrying out freight traffic between Ukraine and Belarus, free irregular passenger road transport from the licensing system, and also unblock the work of Ukrainian road carriers in the Baltic and Scandinavian directions.
“The lack of the required number of permits from Poland and Belarus, additional conditions for transit through Russia led to a situation in which Ukrainian exporters were virtually cut off from the markets of Lithuania, Latvia, Estonia and Finland. Only due to the lack of Belarusian permits, the loss of income of carriers in November-December this year should amount to UAH 1 billion. If we also take into account the needs of producers, then the actual losses for the country would be even greater. Today, the parliament defended Ukraine’s national interests in the international freight market and protected Ukrainian exports,” Deputy Infrastructure Minister Mustafa Nayyem is cited on the ministry’s Facebook page.
When calculating the updated electricity forecast balance, the Ministry of Energy of Ukraine does not consider the import of a resource from the Russian Federation and Belarus, First Deputy Energy Minister Yuriy Vlasenko has said.
“When calculating the forecast balance, we do not envisage the import of electricity from Russia and Belarus,” he said on the margins of the energy forum in Kyiv, organized by Energy club, on Wednesday.
At the same time, he drew attention to the fact that imports are prohibited until October 1, but are not considered in the future.
At the same time, Vlasenko said that a feature of this autumn-winter period will be the operation of the Integrated Power System, as well as Burshtyn TPP energy island in an isolated mode, providing for their disconnection from all power systems.
“We need to work this way for three days in winter and summer. As for winter, we are also working on it with Ukrenergo, when we will work in an isolated mode – in late January or early February,” Vlasenko said.
The Belarusian air carrier Belavia has extended the suspension of all of its flights to Ukraine until September 30, 2021, in line with a similar decision adopted by Ukraine, the Belavia press service told Interfax.
“The Ukrainian side informed us of the extension of its ban on Belavia flights until September 30, 2021. This is their official position. Consequently, the suspension of all fights to Ukraine has also been extended. We can’t say at this point how the situation will unfold in the future,” the press service said.
As reported, due to the Ukrainian authorities’ ban on Belavia’s flights, the Belarusian air carrier had to cancel its flights to Ukraine between May 26 and August 25 of this year.
European Union member states, Ukraine and some other countries prohibited Belarusian airlines from passing through their airspace in late May due to the Ryanair flight landing incident in Minsk. Thus, Belavia has lost access to more than two-thirds of passenger destination countries after it was banned from using the airspace of a number of countries.
