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Von der Leyen promises 10th package of Russian sanctions in Kyiv

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Von der Leyen promises 10th package of Russian sanctions in Kyiv

European Fee President Ursula von der Leyen has promised to slap Russia with a brand new package deal of EU sanctions marking the one-year anniversary of the battle in Ukraine.

The pledge was made throughout a high-profile go to to Kyiv, which noticed 15 European Commissioners assembly with their Ukrainian counterparts to deepen cooperation and legislative alignment.

“Russia is paying a heavy value, as our sanctions are eroding its financial system, throwing it again by a era,” von der Leyen stated, talking subsequent to Ukrainian President Volodymr Zelenskyy.

“By 24 February, precisely one 12 months for the reason that invasion began, we goal to have the tenth package deal of sanctions in place.”

Von der Leyen didn’t give any particulars on what sectors or exports will likely be focused.

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As Russia prepares a brand new navy offensive within the east, Zelenskyy urged the bloc to extend the monetary strain on the Kremlin.

“We see that the tempo of sanctions in Europe has slowed down a bit, whereas the terrorist state is rising the tempo of adaptation to sanctions. It’s price catching up, and it’s price fixing it,” Zelenskky stated, talking in Ukrainian.

‘Making Putin pay’

The EU and the G7 are at present negotiating the ultimate particulars of a plan to impose a value cap on the maritime commerce of refined petroleum merchandise made in Russia, following an analogous initiative that restricted the worth of Russian seaborne crude to $60 per barrel.

The crude cap, imposed in early December, is costing Moscow €160 million per day, von der Leyen stated, an obvious reference to a current report launched by the Centre for Analysis on Vitality and Clear (CREA).

Von der Leyen additionally stated her staff is working to design authorized methods to allow the EU to confiscate the Russian-owned belongings which have been frozen throughout 9 packages of sanctions, together with billions of overseas reserves held by the Russian Central Financial institution.

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“We’re making Putin pay for his atrocious battle,” von der Leyen stated.

The additional funds raised by way of confiscation are supposed to pay for Ukraine’s reconstruction, which the European Fee estimates to be price at the least €600 billion.

Von der Leyen, nonetheless, didn’t supply any new hints on how confiscation, an unprecedented and dangerous thought, will likely be made legally doable.

As a primary step, she stated, the Fee will present €1 billion in “quick restoration” funds to cowl Ukraine’s most pressing wants.

Throughout the joint press convention, von der Leyen welcomed the raids not too long ago carried out by Ukrainian police as a part of a corruption scandal involving illicit funds to deputy ministers and over-inflated navy contracts, which led to the dismissal of a number of high officers.

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Reforms within the struggle towards corruption are one of many seven circumstances that the Fee launched in Ukraine’s bid for EU membership.

“I’m comforted to see that your anti-corruption our bodies are on alert and efficient in detecting corruption circumstances,” von der Leyen stated.

Different bulletins made by von der Leyen included a €150-million initiative to buy important vitality gear for Ukraine, the sending of two,400 electrical energy turbines and a memorandum on renewable gases, in addition to a €10-million grant to assist childcare.

“Putin’s battle has taken away their mother and father and has shattered their lives,” von der Leyen stated.

“We can’t mend this, however we are able to supply to consolation their ache and assist one of the best we are able to.”

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The journey to the Ukrainian capital by the European Fee chief and 15 of her commissioners is to be adopted on Friday by an EU-Ukraine summit the place European Council President Charles Michel will be part of von der Leyen for talks with Volodymyr Zelenskyy. 

‘Reform momentum’

Commissioners targeted their conferences with Ukrainian officers on “deepening sectorial cooperation in related areas, ” an EU official stated forward of the journey. 

The EU and Ukraine are at present sure by a Deep and Complete Free Commerce Space (DCFTA) and Kyiv is now additionally an official candidate nation for accession to the EU. Attaining full membership requires the nation to take plenty of reforms to strengthen its establishments and rule of regulation and align itself carefully with EU laws.

The bloc, the official stated, “famous the reform momentum that’s ongoing in Ukraine, particularly within the space of the rule of regulation”, and among the discussions between the EU govt and the Ukrainian authorities will subsequently tackle current efforts to crack down on corruption and to strengthen the judiciary independence.

Different discussions have been to focus extra on the best way to “additional deliver down boundaries, additional deliver down commerce impediments to hurry the stream of exports and imports between the EU and Ukraine,” the EU official stated. 

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Talks there aimed to spice up alignment of home laws in a number of key areas together with telecommunications, monetary companies, product security, market surveillance, in addition to sanitary and phytosanitary measures.

Additional monetary, humanitarian and navy assist have been additionally anticipated to be mentioned. The EU has to date earmarked €60 billion in help for Ukraine together with practically €12 billion in navy assist, €38 billion in humanitarian and macro-financial assist and €10 billion for member states to take care of the inflow of Ukrainian refugees. 

Sanctions towards Russia and Ukraine’s reconstruction wants have been additionally on the agenda. 

The journey to the Ukrainian capital by the European Fee chief and 15 of her commissioners will on Friday be adopted by an EU-Ukraine summit the place European Council President Charles Michel will be part of von der Leyen for talks with Volodymyr Zelenskyy. 

Excessive consultant Josep Borrell is in the meantime anticipated on Friday to announce a doubling of the EU’s goal of coaching Ukrainian troops to 30,000 by the tip of the 12 months in addition to a brand new €25 million package deal to assist the humanitarian demining of areas reconquered by Ukrainian forces.  

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Brussels and Kyiv have been additionally anticipated to again the creation of an Worldwide Centre for the Prosecution of the Crime of Aggression in Ukraine to be established in The Hague with the target of coordinating the investigation of crimes dedicated in Ukraine by Russia and preserving and storing proof for future trials. 

Hopes of fast membership doubtless dashed

However one of many EU’s messages is more likely to be bitter for Ukraine: there will likely be no fast-tracking for Ukraine’s bid to grow to be a member. 

Kyiv has stated not too long ago it’s hoping to grow to be a full member by 2026 regardless of earlier warnings, notably by French President Emmanuel Macron, that the accession course of can take “a long time”.

The Fee is at present engaged on a technical evaluation of the achievement by Ukraine, Moldova and Georgia — who’ve additionally put  in bids since Russia launched its invasion on 24 February — of key standards to grow to be a member, which is now schedule to be launched later within the 12 months.

A senior EU official harassed to reporters that whereas the steps taken by the war-torn nation beneath the present circumstances will likely be acknowledged, the bloc won’t deviate from its methodology for Ukraine. 

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“There’s a want to use a substantial methodology in the direction of the evaluation of the progress in the direction of what is definitely fairly a fancy means of membership all through every single sector of the acquis,” the senior EU official stated. 

“It’s extremely troublesome to shorten that interval so we’ll do this as with different candidates who’re progressing the identical. So we’ll do this completely with much more effort, in fact, with Ukraine given the present circumstances however we’ll apply the identical methodology as a result of I believe it is essential that the legitimacy of the methodology be upheld,” they added.

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Ukraine and Russia exchange drone attacks while Russia continues its push in the east

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Ukraine and Russia exchange drone attacks while Russia continues its push in the east

KYIV, Ukraine (AP) — Russia said it shot down some 60 drones and several missiles over its territory while Ukraine in turn said it destroyed over 30 Russian drones. At least four people were reported killed in an attack on the outskirts of Kharkiv on Sunday as Russia pushed ahead with its renewed offensive in Ukraine’s war-ravaged northeast.

Russian air defenses shot down 57 Ukrainian drones over the southern Krasnodar region overnight, the Russian Defense Ministry said.

Local military officials said drone debris hit an oil refinery in the town of Slavyansk-on-Kuban, but there was no fire or damage. News outlet Astra published videos appearing to show an explosion at the refinery as it was hit by a drone. The videos could not be independently verified.

Nine long-range ballistic missiles and a drone were destroyed over the Russia-occupied Crimean Peninsula, following Friday morning’s massive Ukrainian drone attack that cut off power in the city of Sevastopol.

A further three drones were shot down over the Belgorod region, which borders Ukraine. According to regional Gov. Vyacheslav Gladkov, a church roof was set on fire by falling drone debris, but there were no casualties.

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The Russian-installed governor of Ukraine’s partially occupied Kherson region, Vladimir Saldo, said that one person died and 16 were wounded when a Ukrainian drone hit a minibus on Sunday morning.

In Ukraine, air force officials said air defenses shot down all 37 Russian drones launched against the country overnight.

In the northeastern Kharkiv region, where Moscow recently launched a new offensive, regional Gov. Oleh Syniehubov said Sunday morning that one person died and 11 were wounded as a result of shelling over the previous day.

Later on Sunday, Syniehubov said four people were killed and eight wounded in a Russian strike on the outskirts of the regional capital, also called Kharkiv.

Ukrainian troops are fighting to halt Russian advances in the Kharkiv region that began late last week.

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Russian President Vladimir Putin said on Friday during a visit to China that Moscow’s offensive in the Kharkiv region aims to create a buffer zone but that there are no plans to capture the city.

——

Morton reported from London.

——

Follow AP’s coverage at https://apnews.com/hub/russia-ukraine

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Argentina's Milei shuts up critics with miracle turnaround of economy, strong security policies

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Argentina's Milei shuts up critics with miracle turnaround of economy, strong security policies

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President Javier Milei of Argentina continues to stun his critics with an economy that has outperformed expectations and continues along an ambitious path for national security, including pursuit of a NATO global partnership. 

“The fact that you have a president, head of state, who is defending the free market, who is defending the role of entrepreneurs and businessmen as creators of value and just defending deregulation when the tendency in Latin America and much of the West has been to regulate the economy . . . I think that’s very positive, not only for Argentina, but for the region as a whole and maybe beyond,” Daniel Raisbeck, a policy analyst at the CATO Institute, told Fox News Digital. 

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Milei won the presidency in November last year and prompted concern from some in the West that he would lead his country down a road to ruin with libertarian policies that would make an already troubled economy even weaker. Voters wanted economic relief from a market hit with some of the highest inflation in the world. 

Those attitudes have shifted just months later as Milei has enacted a raft of policy changes: The International Monetary Fund (IMF) agreed to release a tranche of loans due to Argentina under a bailout program thanks to Milei’s government managing to create a fiscal surplus in the previous fiscal quarter and bring inflation down. 

ARGENTINA REPORTS ITS FIRST SINGLE-DIGIT INFLATION IN SIX MONTHS AS MARKETS SWOON AND COSTS HIT HOME

President of Argentina Javier Milei gives a speech after his Inauguration Ceremony at National Congress on December 10, 2023, in Buenos Aires, Argentina.  (Marcelo Endelli/Getty Images)

Argentina’s inflation in March alone hit 287%, causing poverty to deepen, and citizens to take to the streets with strikes and protests against his policies. The monthly inflation rate was 25% in December when Milei first took office. 

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Milei then went on to significantly reduce spending with major cuts to public-sector wages as he suspended public works projects and cut subsidies. He also devalued the country’s currency by over 50%, which helped it stabilize in value even as the price of basic goods jumped. 

The monthly inflation dropped to 8.8% by April, marking the first single-digit inflation rate in over six months. 

Argentina recorded a $589 million budget surplus in January and continued to post a surplus for each of the first four months of 2024, even as the surplus shrank to $299 million in April, Reuters reported. This marks the country’s first quarterly surplus since 2008. 

Raisbeck stressed that Milei’s primary measure of cutting spending has proven highly effective, while arguing that the significant deregulation in other parts of the economy has helped it revive over those first months of the new administration. 

Argentina South America

Javier Milei of La Libertad Avanza lifts a chainsaw next to Buenos Aires province governor candidate Carolina Piparo of La Libertad Avanza during a rally on September 25, 2023, in San Martin, Buenos Aires, Argentina. (Tomas Cuesta/Getty Images)

“Argentina was one of the most regulated economies in the world,” Raisbeck said. “So when you have a very well-thought-out package like the one that they introduced . . . and you get rid of as many of those regulations as you can, then it’s very positive.”

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AT LEAST 90 INJURED AFTER PASSENGER TRAIN HITS BOXCAR, DERAILS IN ARGTENTINE CAPITAL

He noted that Milei has not adhered to some of his more aggressive campaign promises, which included a promise to dollarize the economy and shut down the Central Bank, saying that it was a “non-negotiable matter.”

Even days after he won the election, Milei appeared to favor more moderate Cabinet members than many would have expected of a man who jolted the international community with his outsider attitude and plans. 

APTOPIX-Argentina-Protest

Students protest for more public university funding and against austerity measures proposed by President Javier Milei, featured on the sign, in Buenos Aires, Argentina, Tuesday, April 23, 2024. The posters read in Spanish, “With fascism, there are no rights,” center, and “Why so much fear to educate the people?” and “Defending the university is defending the country.” (AP Photo/Natacha Pisarenko)

The Wall Street Journal, in December 2023, argued that Milei’s tenure “may turn out to be pretty conventional,” with pro-market Economy Minister Luis Caputo leading away from Milei’s more radical plans. 

The promised dollarization has been delayed, and Raisbeck explained that Milei’s approach has relied heavily on using the Central Bank to help regulate the economy, though he argued that Milei’s policies remain libertarian due to the deregulation he has pursued in other areas. 

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Argentina-Economy

A vendor waits for customers at the central market for fruit and vegetables in Buenos Aires, Argentina, Friday, May 10, 2024.  (AP Photo/Natacha Pisarenko)

“Everything related to deregulation is very libertarian, and we’ve seen great success already in the housing market, for instance,” Raisbeck said. “So that obviously brought a huge amount of supply that was suppressed because of price controls.”

Milei also brought Argentina back to the international foreground, with a stronger focus on national security and changing up the country’s goals from the previous administration – most notably, he rejected the invitation to join the China and Russia-led economic bloc BRICS. 

PERUVIAN LAWMAKERS BEGIN YET ANOTHER EFFORT TO REMOVE PRESIDENT DINA BULARTE FROM OFFICE

A man holds up a giant US dollar sign with President Argentina's President Javier Milei

A supporter holds a giant dollar bill with the face President elect Javier Milei as people start gathering outside National Congress ahead of his inauguration ceremony on December 10, 2023, in Buenos Aires, Argentina. (Marcelo Endelli/Getty Images)

Milei argued that it was not “opportune” for Argentina to join the bloc as a full member, according to German outlet DW. However, he will continue to develop ties with its members in the meantime. 

“They have a good security minister, Patricia Bullrich, who has experience because she was a security minister in the previous government,” Joseph M. Humire, the executive director of the Center for a Secure Free Society, told Fox News Digital. “She has been able to get the ball rolling very quickly, and I think that was the benefit of having her in that position.” 

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Milei supporters in Buenos Aires

Supporters of presidential candidate Javier Milei gather outside his headquarters during the presidential runoff election in Buenos Aires, Argentina, Sunday, November 19, 2023.  (AP Photo/Rodrigo Abd)

Humire explained that Milei’s government has largely focused on clearing out external agitators, particularly those connected to Russian disinformation networks, which remain a paramount concern in most parts of the world as Moscow seeks to expand its influence. 

“The external forces are usually the key,” Humire said. “Usually, it’s the Russians. The Russians have probably the biggest disinformation networks to be able to amplify local grievances and turn them into this macro instability, and they did that in Colombia, in Chile.” 

“A lot of the specifics of the nation’s security has been in mitigating these agitation networks that create chaos throughout the country, and they have been neutralizing some of these threats while they’re studying others,” he added. 

The Associated Press contributed to this report. 

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Russia-Ukraine war: List of key events, day 815

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Russia-Ukraine war: List of key events, day 815

Here is the situation on Sunday, May 19, 2024.

Fighting

  • Slavyansk oil refinery in Russia’s southern Krasnodar region halted operations following a Ukrainian drone attack overnight, Interfax news agency reported. The refinery is a private plant with a capacity of 4 million metric tonnes of oil per year, about one million barrels per day.
  • Ukraine’s air force claimed it destroyed all 37 Shahed attack drones launched by Russia overnight. The regions targeted by the drones include Kyiv, Odesa, Mykolaiv, Sumy, Vinnytsia, Zhytomyr, Cherkasy and Kherson.

  • The governor of Kharkiv said nearly 10,000 people had been forced to leave their homes since Russian forces launched a surprise ground attack on May 10. Russia claimed its military took control of another village, Staritsya, in the Kharkiv region near the Russian border.
  • Ukrainian prosecutors said Russian shelling killed a 60-year-old woman and injured three other civilians in the northeast city of Vovchansk, 5km (3 miles) from the Russian border. A 59-year-old man was also injured in the village of Ukrainske.
  • Russia said its forces shot down nine US ATACMS missiles over Crimea and at least 60 drones over Russian sovereign territory. Its forces also shot down a Tochka-U missile fired by Ukraine in Russia’s Belgorod region.
  • Belgorod regional Governor Vyacheslav Gladkov said a Ukrainian drone attack injured a woman and a man in the village of Petrovka. The two were treated for shrapnel injuries.

Politics and diplomacy

  • Ukrainian President Volodymyr Zelenskyy acknowledged issues with staffing and “morale” within the country’s troops as he signed a mobilisation law that came into force on Saturday. Kyiv has lowered the age at which men can be drafted from 27 to 25 and tightened punishments for those who avoid the call-up.
  • Ukrainian prosecutors said they were investigating as a potential war crime a Russian air attack on a residential area of the regional capital, Kharkiv, in which six civilians were wounded, including a 13-year-old girl, 16-year-old male and an eight-year-old.
  • Ukrainian officials accuse Russian soldiers in Vovchansk of using dozens of captured civilians as “human shields” to defend their command headquarters.
  • Moscow denied deliberately targeting civilians even as thousands have been killed and injured since its February 2022 invasion of Ukraine.
  • Poland announced it would spend $2.5bn to fortify its eastern border, which includes Russia, Belarus and Ukraine.
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