Business news from Ukraine

FOURTH PACKAGE OF EU SANCTIONS AGAINST RUSSIA ENTERS INTO FORCE

The approved fourth package of sanctions against Russia over the Ukraine situation was published in the Official Journal of the European Union and entered into force on Tuesday.
“This Decision shall enter into force on the date of its publication in the Official Journal of the European Union,” the journal said.
As previously reported, renewed EU sanctions on Russia include a ban on investment in Russia’s energy sector, but exceptions are made for the peaceful nuclear industry and transportation of energy resources to the EU.

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UNESCO TO STUDY OPPORTUNITIES CITIZENS OF UKRAINE TO GET EDUCATION IN EU

UNESCO will analyze the educational opportunities for temporarily evacuated citizens of Ukraine in the countries of the European Union, the press service of the Ministry of Education and Science said, citing UNESCO Assistant Director-General for Education Stefania Giannini.
“Ms. Stefania noted that UNESCO, within the framework of the mandate, will analyze what opportunities for education for temporarily evacuated citizens of Ukraine the EU countries can provide, especially for applicants for higher education. Giannini said that universities in some countries are already actively supporting students and academic staff and are ready to help them in the process of learning and activities,” the press service of the ministry said.
She also testified to the absolute support of the people of Ukraine and noted that UNESCO is ready to provide expert assistance in order to expand and strengthen our system of distance education.

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EU TRANSFERS FIRST EUR300 MLN OF AID TO UKRAINE

The European Union has transferred the first EUR300 million to Ukraine from a EUR1.2 billion macro-financial assistance package, European Commission President Ursula von der Leyen said on Twitter on Friday.
“Putin’s war exerts brutal military and economic pressure on the brave people of Ukraine. Europe stands firmly by their side. Today we disbursed EUR300 million in emergency Macro-Financial Assistance to Ukraine. This is the first payment of a EUR1.2 billion package. So more will come,” she said.
As reported, the decision to provide macro-financial assistance was made by the European Parliament and the European Council on February 24, 2022 and agreed by the European Commission on March 1.
The assistance is divided into two equal tranches: the first is provided without any conditions, and the second after Kyiv fulfills a number of agreements with the EU.

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LITHUANIA’S SEIMAS CALLS ON EU COUNTRIES TO GRANT CANDIDATE STATUS TO UKRAINE

Lithuania’s Seimas has adopted a resolution in which it invited all member states of the European Union to support Ukraine’s aspirations to become a full member of the EU as soon as possible and to agree on granting Ukraine the status of an EU candidate.

“The Lithuanian Seimas unanimously adopted a resolution, which invites all member states of the European Union to support Ukraine’s aspiration to become a full member of the European Union as soon as possible, and to agree on granting the EU candidate status to Ukraine,” the Lithuanian Seimas tweeted on Thursday.

“The Seimas resolution also states that “Ukraine should be subject to an accelerated procedure for accession to the European Union without reservation”,” LRT.LT reports.

“Granting Ukraine the candidate status at this time would be an important sign of moral support for its people, who are defending their homeland and their right to decide their country’s future, without sparing their lives,” the resolution reads.

“The Seimas also maintains that admitting a country whose people have shown “incredible will and determination in their fight for European values” to the European Union “will inspire and strengthen the Union itself”,” it reads.

The resolution notes that Ukraine has been seeking EU membership for more than a decade and that Ukraine and the EU have been bound by the Association Agreement for the past five years. Thus, according to the resolution, Ukraine’s application to join the EU is the result of its strong commitment to European integration.

Also in the resolution, the Lithuanian Seimas confirms its readiness to provide Ukraine with all possible assistance in its quest for EU membership.

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PRIME MINISTER OF UKRAINE: NEXT WEEK WE EXPECT FIRST EUR 300 MLN TRANCHE OF EU AID

Prime Minister Denys Shmyhal says that Ukraine expects the first EUR 300 million tranche of macro-financial assistance from the European Union next week, and the second one a week later.
“Next week we expect the first tranche of EUR 300 million of macro-financial assistance from the European Union, which has provided us with EUR 1.2 billion urgently. A week later, the second tranche will be allocated,” Shmyhal said in his address on Wednesday evening.

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EU ALLOCATES EUR 500 MLN TO HELP REFUGEES FROM UKRAINE

President of the European Commission Ursula von der Leyen announced the allocation of the first tranche in the amount of EUR 500 million to help refugees from Ukraine, and announced the decision to grant them the right to reside in the EU for at least a year.
“The EU is providing a first tranche of EUR 500 million to help refugees, and we made sure this week that they get residency rights in the EU for at least a year. Refugees from Ukraine deserve our solidarity and support, and so do the countries that welcome them,” von der Leyen said on Twitter on Saturday.

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