While the Hungarian forint was hardest hit, all the currencies of the Central and Eastern Europe (CEE) region are suffering adverse effects as a result of the war in Ukraine. Proximity to the war zone, dependence on Russian gas and the impact of EU sanctions combined to commence the CEE
Delegations from Russia and Ukraine held a fourth round of peace talks on Monday, aiming for a ceasefire, the withdrawal of Russian troops, and security guarantees for Ukraine. Ihor Zhovkva, deputy head of office for Ukraine’s President Volodymyr Zelensky, told the BBC that Moscow’s approach was becoming “more
Russian forces launched a missile attack on the International Center for Peacekeeping and Security, in the west of Ukraine, Sunday morning, according to the BBC. Euronews reports that the Russian military claimed to have killed up to 180 “foreign mercenaries” and substantial weapons shipped in in strikes against the military
The European Commission said it planned to cut its reliance on fossil fuels from Russia by 2030, reducing dependence on Russian sources of energy by two-thirds by the end of the year. But it turned out there will be no ban on imports of Russian oil and gas imports to
The Guardian reports that on Wednesday morning US time Vice President Kamala Harris was travelling to Poland, where she’ll meet Poland’s President and Prime Minister, on a trip to “further support to our allies and is also an extremely important opportunity to collaborate with them on next steps
Russian state media outlets are reporting that Moscow has announced another humanitarian ceasefire to allow civilians to flee. Civilians continued to evacuate Ukrainian cities such as Mariupol, Sumy and Kyiv on Tuesday, but authorities said shelling continued in some areas and it was unsure whether humanitarian aid shipments would reach
Russia has issued a veiled threat to Poland and Romania not to get involved in its operation against Ukraine, writes Romania Insider, quoting a Russian Defence Ministry spokesman Igor Konashenkov who told Reuters that any country allowing Ukraine to access airports or airfields would be considered participants in the war.
NATO cannot fulfil Kyiv’s wish for enforcement of a “no-fly zone” over Ukraine’s territory, according to the defence alliance’s Jens Stoltenberg. After the Secretary General’s meeting with NATO defence ministers on Friday, they agreed that neither NATO troops nor planes should be in or above Ukrainian
French President Emmanuel Macron spoke to Russia’s President Vladimir Putin by telephone for one-and-a-half hours on Thursday. He told his Russian counterpart that he was making a “major mistake” by continuing his Ukraine offensive and that Moscow would remain isolated and under sanctions for a long time. Speaking to
In an emergency General Assembly meeting on Wednesday, the United Nations condemned Russia’s attack on Ukraine and called for complete withdrawal, with 141 out of 193 members supporting the resolution. Those opposed included Belarus, Syria and North Korea. Addressing the press, UN Secretary-General Antonio Guterres said, “The message of
Though united in their commitment to European and NATO positions on the Russian invasion of Ukraine, Central and Eastern European (CEE) countries differ on their potential exposure to Russian gas supplies – a CET analysis.
At time of writing, the Russian army is intruding into the heart of Kyiv and residents
As a massive Russian military convoy continued its approach toward the Ukrainian capital, Kyiv, on Tuesday, the city of Kharkiv suffered Russian missile attacks, one of which hit the centre of Ukraine’s second-largest city, including residential areas and the regional administration building – 18 civilians were killed.
“Such attacks are
On the evening of Sunday, 27 February, as Russian President Vladimir Putin had put his nuclear forces on high alert, Ukraine’s government agreed to talks in Belarus with Russian officials. Al Jazeera reported that President Volodymyr Zelensky said Kyiv would send a delegation of officials to Ukraine’s border
Following Russia’s attack on Ukraine on Thursday morning, Poland, Estonia, Latvia and Lithuania all invoked the NATO alliance’s Article 4, which obliges all 30 NATO members to hold a consultation when “the territorial integrity, political independence or security of any of the parties is threatened”.
Explaining the rationale
United Nations Security Council members condemned Russia’s order to deploy troops to Donetsk and Luhansk after Russian President Vladimir Putin declared them independent, on Monday. Speaking on state television, Putin said “I deem it necessary to make a decision that should have been made a long time ago – to