UKRAINE UPDATE: 9 DECEMBER 2022: EU to boost weapons aid fund by €2bn; Kyiv’s central bank holds borrowing costs at 25%

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The European Union is set to boost the size of a fund to finance weapons for Ukraine by at least €2-billion as early as next week and the facility could be topped up with even more money later, according to people familiar with the discussions.

Ukrainian troops repelled Russian attacks near 15 settlements in the eastern Donetsk, Luhansk and Kharkiv regions over the past day, Ukraine’s General Staff said on Facebook.

People should take Vladimir Putin seriously when he talks about using nuclear and other non-conventional arms, because he is running out of instruments to defeat Ukraine, Ihor Zhovkva, deputy chief of staff to Zelensky, told Bloomberg Television. This leads to a situation that “hinders the transit of agricultural products and particularly fertilisers of Russian origin to third countries,” the paper says, noting that the largest Russian exporters, including Uralchem, Eurochem and Acron, are controlled by sanctioned individuals, which means their assets are considered frozen by several states.

Prices climbed 26.6% in October, though the acceleration was less than estimated, the bank said. Inflation will begin easing in the second quarter of next year and “well-coordinated fiscal and monetary policies will remain essential for steady disinflation next year,” the central bank said.Russian troops have placed several Grad rocket launchers near power unit No.

Russia isn’t seeking to annex additional territory, he added. He was responding to a question about whether President Vladimir Putin’s statement on Wednesday citing the absorptions to date as positive results of the invasion meant the Kremlin might try to take yet more. The trend of higher spending continued despite the fallout from the Covid pandemic, the agency said, adding that member states’ announcements following Russia’s invasion of Ukraine suggests further annual increases.Mol Nyrt.’s shares plunged after Hungarian Prime Minister Viktor Orban seized the energy company’s profit on Russian crude processing.

 

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