Connect with us

World

EU will approve Ukraine aid with or without Hungary: von der Leyen

Published

on

EU will approve Ukraine aid with or without Hungary: von der Leyen

The European Union will, if needed, find a way to bypass Viktor Orbán’s veto and approve the €50-billion special fund for Ukraine, Ursula von der Leyen said on Tuesday.

ADVERTISEMENT

The package, which is designed to provide Kyiv with financial support until 2027 and plug the government’s ballooning public deficit, is being held up by Hungary, an impasse that has left Brussels effectively without any money for the war-torn nation.

Following a dramatic summit in mid-December, where Orbán made good on his threat and derailed the unanimous vote, EU leaders are set to reconvene again on 1 February to give the so-called Ukraine Facility a second try.

“I think it’s very important to engage with all 27 member states of the European Union to get the €50 billion for four years for Ukraine up and running,” the president of the European Commission told a group of media, including Euronews, during the World Economic Forum (WEF) in Davos, Switzerland.

“This is the phase we’re in right now. It’s the preparation for the extraordinary European Council on the 1st of February. It’s hard work. We have discussed many different issues.”

Ahead of the meeting, Hungarian officials have floated two key demands in exchange for lifting the veto: splitting the Facility into four annual tranches, which would allow Orbán to block the cash at a later stage, and extending the deadline to spend COVID-19 recovery funds, which would give Budapest more time to unlock the frozen money.

Advertisement

Von der Leyen did not comment on these requests but made it clear the bloc would find a way to approve the €50-billion fund – with or without Hungary’s blessing.

“My personal priority is to have an agreement by 27 (countries). And if this is not possible, we are prepared for an agreement by 26,” the Commission chief said.

“But I strongly support and prefer an agreement by 27.”

Although EU officials have avoided publicly discussing such Plan B, von der Leyen’s words reflect that work is well underway to avoid a repeat of the December fiasco. The Financial Times previously reported Brussels was crafting an alternative that would allow the Commission to borrow €20 billion on the financial markets.

During a bilateral meeting in Davos, von der Leyen promised Volodymyr Zelenskyy that her executive would strive towards “securing the means to recover, rebuild and reform” through the proposed Facility.

Advertisement

“We focused on the need to unblock the decision to provide Ukraine with €50 billion in long-term EU assistance at the (February) summit. Ukraine is hoping for a consensus on this issue,” Zelenskyy said after the meeting.

Earlier on Tuesday, von der Leyen gave a speech at the World Economic Forum underlining the urgent need to provide Ukraine with “predictable financing throughout 2024 and beyond.” The goal has become even more pressing in the face of the legislative deadlock in Washington, where fresh funding is obstructed by Republicans.

“Ukraine can prevail in this war. But we must continue to empower their resistance,” von der Leyen told the audience in Davos.

“They need a sufficient and sustained supply of weapons to defend Ukraine and regain its rightful territory. They need capabilities to deter future attacks by Russia. And they also need hope,” she went on.

“They need to know that, with their struggle, they will earn a better future for their children. And Ukraine’s better future is called Europe.”

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

World

Earth bids farewell to its temporary 'mini moon' that is possibly a chunk of our actual moon

Published

on

Earth bids farewell to its temporary 'mini moon' that is possibly a chunk of our actual moon

CAPE CANAVERAL, Fla. (AP) — Planet Earth is parting company with an asteroid that’s been tagging along as a “mini moon” for the past two months.

The harmless space rock will peel away on Monday, overcome by the stronger tug of the sun’s gravity. But it will zip closer for a quick visit in January.

NASA will use a radar antenna to observe the 33-foot (10-meter) asteroid then. That should deepen scientists’ understanding of the object known as 2024 PT5, quite possibly a boulder that was blasted off the moon by an impacting, crater-forming asteroid.

While not technically a moon — NASA stresses it was never captured by Earth’s gravity and fully in orbit — it’s “an interesting object” worthy of study.

The astrophysicist brothers who identified the asteroid’s “mini moon behavior,” Raul and Carlos de la Fuente Marcos of Complutense University of Madrid, have collaborated with telescopes in the Canary Islands for hundreds of observations so far.

Advertisement

Currently more than 2 million miles (3.5 million kilometers) away, the object is too small and faint to see without a powerful telescope. It will pass as close as 1.1 million miles (1.8 million kilometers) of Earth in January, maintaining a safe distance before it zooms farther into the solar system while orbiting the sun, not to return until 2055. That’s almost five times farther than the moon.

First spotted in August, the asteroid began its semi jog around Earth in late September, after coming under the grips of Earth’s gravity and following a horseshoe-shaped path. By the time it returns next year, it will be moving too fast — more than double its speed from September — to hang around, said Raul de la Fuente Marcos.

NASA will track the asteroid for more than a week in January using the Goldstone solar system radar antenna in California’s Mojave Desert, part of the Deep Space Network.

Current data suggest that during its 2055 visit, the sun-circling asteroid will once again make a temporary and partial lap around Earth.

___

The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group. The AP is solely responsible for all content.

Advertisement

Continue Reading

World

Israel confirms death of missing Abu Dhabi rabbi: 'Abhorrent act of antisemitic terrorism’

Published

on

Israel confirms death of missing Abu Dhabi rabbi: 'Abhorrent act of antisemitic terrorism’

Israeli officials on Sunday confirmed the death of an Abu Dhabi rabbi who had been missing since Thursday. 

“The UAE intelligence and security authorities have located the body of Zvi Kogan, who has been missing since Thursday, 21 November 2024,” the Israeli Prime Minister’s Office and the Ministry of Foreign Affairs said in a statement on X. “The Israeli mission in Abu Dhabi has been in contact with the family from the start of the event and is continuing to assist it at this difficult time; his family in Israel has also been updated.” 

“The murder of Zvi Kogan, of blessed memory, is an abhorrent act of antisemitic terrorism. The State of Israel will use all means and will deal with the criminals responsible for his death to the fullest extent of the law,” the statement added. 

RABBI FEARED KIDNAPPED, KILLED BY TERRORISTS AFTER GOING MISSING, PROMPTING INVESTIGATION

Rabbi Zvi Kogan, a Chabad emissary, had been missing since Thursday. (Chabad.org via X)

Advertisement

Rabbi Zvi Kogan was an emissary of the Chabad Lubavitch movement, a prominent and highly observant branch of Hasidic Judaism based in Brooklyn’s Crown Heights neighborhood in New York City.

The 28-year-old was a resident of Abu Dhabi in the United Arab Emirates when he went missing Thursday. He is a citizen of both Moldova and Israel.

According to his LinkedIn, Kogan worked as a recruiter and was “passionate about volunteering and serving [his] community.”

Rabbi Zvi Kogan's grocery store

A man walks past Rimon Market, a Kosher grocery store managed by the late Rabbi Zvi Kogan, in Dubai, United Arab Emirates, Sunday, Nov. 24, 2024.  (AP Photo/Jon Gambrell)

‘CHEERLEADING FOR TERRORISM’: TWITCH STAR CALLED FOR NEW 9/11, DISMISSED HORROR OF OCT 7

The Israeli Prime Minister’s Office announced its investigation into the unusual disappearance on Saturday. At the time, the statement said the disappearance appeared to be related to “a terrorist incident” but did not elaborate.

Advertisement

The United Arab Emirates’ Ministry of Interior had confirmed it was investigating Kogan’s disappearance, but described his citizenship solely as a “Moldovan national.” 

Jew praying in UAE

Rabbi Levi Duchman performs morning prayers on the roof of the Jewish Community Center of the UAE on March 22, 2021, in Dubai, United Arab Emirates.  (Andrea DiCenzo/Getty Images)

CLICK TO GET THE FOX NEWS APP

The Rimon Market, a Kosher grocery store that Kogan managed on Dubai’s busy Al Wasl Road, was shut Sunday, according to the Associated Press. It had been a target of anti-Israel protests. 

Kogan’s wife, Rivky, is a U.S. citizen who lived with him in the UAE. She is the niece of Rabbi Gavriel Holtzberg, who was killed in the 2008 Mumbai attacks.

The Associated Press contributed to this report.

Advertisement

Continue Reading

World

‘Optical illusion’: Key takeaways from COP29

Published

on

‘Optical illusion’: Key takeaways from COP29

Rich countries have pledged to contribute $300bn a year by 2035 to help poorer nations combat the effects of climate change after two weeks of intense negotiations at the United Nations climate summit (COP29) in Azerbaijan’s capital, Baku.

While this marks a significant increase from the previous $100bn pledge, the deal has been sharply criticised by developing nations as woefully insufficient to address the scale of the climate crisis.

This year’s summit, hosted by the oil and gas-rich former Soviet republic, unfolded against the backdrop of a looming political shift in the United States as a climate-sceptic Donald Trump administration takes office in January. Faced with this uncertainty, many countries deemed the failure to secure a new financial agreement in Baku an unacceptable risk.

Here are the key takeaways from this year’s summit:

‘No real money on the table’: $300bn climate finance fund slammed

While a broader target of $1.3 trillion annually by 2035 was adopted, only $300bn annually was designated for grants and low-interest loans from developed nations to aid the developing world in transitioning to low-carbon economies and preparing for climate change effects.

Advertisement

Under the deal, the majority of the funding is expected to come from private investment and alternative sources, such as proposed levies on fossil fuels and frequent flyers – which remain under discussion.

“The rich world staged a great escape in Baku,” said Mohamed Adow, the Kenyan director of Power Shift Africa, a think tank.

“With no real money on the table, and vague and unaccountable promises of funds to be mobilised, they are trying to shirk their climate finance obligations,” he added, explaining that “poor countries needed to see clear, grant-based, climate finance” which “was sorely lacking”.

The deal states that developed nations would be “taking the lead” in providing the $300bn – implying that others could join.

The US and the European Union want newly wealthy emerging economies like China – currently the world’s largest emitter – to chip in. But the deal only “encourages” emerging economies to make voluntary contributions.

Advertisement

Failure to explicitly repeat the call for a transition away from fossil fuels

A call to “transition away” from coal, oil, and gas made during last year’s COP28 summit in Dubai, the United Arab Emirates, was touted as groundbreaking – the first time that 200 countries, including top oil and gas producers like Saudi Arabia and the US, acknowledged the need to phase down fossil fuels. But the latest talks only referred to the Dubai deal, without explicitly repeating the call for a transition away from fossil fuels.

Azerbaijan’s President Ilham Aliyev referred to fossil fuel resources as a “gift from God” during his keynote opening speech.

New carbon credit trading rules approved

New rules allowing wealthy, high-emission countries to buy carbon-cutting “offsets” from developing nations were approved this week.

The initiative, known as Article 6 of the Paris Agreement, establishes frameworks for both direct country-to-country carbon trading and a UN-regulated marketplace.

Proponents believe this could channel vital investment into developing nations, where many carbon credits are generated through activities like reforestation, protecting carbon sinks, and transitioning to clean energy.

Advertisement

However, critics warn that without strict safeguards, these systems could be exploited to greenwash climate targets, allowing leading polluters to delay meaningful emissions reductions. The unregulated carbon market has previously faced scandals, raising concerns about the effectiveness and integrity of these credits.

Disagreements within the developing world

The negotiations were also the scene of disagreements within the developing world.

The Least Developed Countries (LDCs) bloc had asked that it receive $220bn per year, while the Alliance of Small Island States (AOSIS) wanted $39bn – demands that were opposed by other developing nations.

The figures did not appear in the final deal. Instead, it calls for tripling other public funds they receive by 2030.

The next COP, in Brazil in 2025, is expected to issue a report on how to boost climate finance for these countries.

Advertisement

Who said what?

EU Commission President Ursula von der Leyen hailed the deal in Baku as marking “a new era for climate cooperation and finance”.

She said the $300bn agreement after marathon talks “will drive investments in the clean transition, bringing down emissions and building resilience to climate change”.

US President Joe Biden cast the agreement reached in Baku as a “historic outcome”, while EU climate envoy Wopke Hoekstra said it would be remembered as “the start of a new era for climate finance”.

But others fully disagreed. India, a vociferous critic of rich countries’ stance in climate negotiations, called it “a paltry sum”.

“This document is little more than an optical illusion,” India’s delegate Chandni Raina said.

Advertisement

Sierra Leone’s Environment Minister Jiwoh Abdulai said the deal showed a “lack of goodwill” from rich countries to stand by the world’s poorest as they confront rising seas and harsher droughts. Nigeria’s envoy Nkiruka Maduekwe called it “an insult”.

Is the COP process in doubt?

Despite years of celebrated climate agreements, greenhouse gas emissions and global temperatures continue to rise, with 2024 on track to be the hottest year recorded. The intensifying effects of extreme weather highlight the insufficient pace of action to avert a full-blown climate crisis.

The COP29 finance deal has drawn criticism as inadequate.

Adding to the unease, Trump’s presidential election victory loomed over the talks, with his pledges to withdraw the US from global climate efforts and appoint a climate sceptic as energy secretary further dampening optimism.

‘No longer fit for purpose’

The Kick the Big Polluters Out (KBPO) coalition of NGOs analysed accreditations at the summit, calculating that more than 1,700 people linked to fossil fuel interests attended.

Advertisement

A group of leading climate activists and scientists, including former UN Secretary-General Ban Ki-moon, warned earlier this month that the COP process was “no longer fit for purpose”.

They urged smaller, more frequent meetings, strict criteria for host countries and rules to ensure companies showed clear climate commitments before being allowed to send lobbyists to the talks.

Continue Reading

Trending