Crimea liberation, pessimistic World Bank forecast, financing reconstruction

7 April, 02:55 PM

Your slice of the headlines in Ukraine. Daily. Friday, April 7, 2023.

Ukraine could start negotiations on Crimea when the Ukrainian Armed Forces reach the administrative border of the Russian-occupied Ukrainian peninsula, Deputy Head of the President’s Office Andriy Sybiha said in an interview with the Financial Times on April 5.

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While the circumstances surrounding the explosions at Nord Stream and Nord Stream-2 natural gas pipelines in the Baltic Sea are "difficult to investigate," the primary version now assumes at least some degree of “state actor” involvement, Swedish prosecutor Mats Ljungqvist told Reuters on April 6.

Chinese President Xi Jinping is willing to talk to Ukrainian President Volodymyr Zelenskyy about a peace settlement in Ukraine “at the appropriate time,” European Commission President Ursula von der Leyen said during a briefing in Beijing on March 6 following talks with China’s ruler.

The Ukrainian economy is now expected to grow by 0.5% in 2023, and by 3.5% in 2024, according to a revised economic outlook forecast published by the World Bank on April 6.

The Russian ruble has slumped to its lowest level since April 2022, according to the data from the Moscow Exchange on April 6.

Despite the crisis in the Ukrainian IT industry, its companies are currently showing increased activity in the job market, according to Opendatabot’s report on April 6, which cites Djinni, a popular Ukrainian job search platform specializing in IT and tech jobs.

Over the past week the IMF announced a major package of support for Ukraine, with the unveiling of a $15.6bn 48-month Extended Financing Facility (EFF). This was part of a broader package of support for Ukraine agreed by international donors totalling around $115bn for the period through to 2027.

Russian invasion forces in eastern Ukraine are stuck on several fronts and are exhausting their strength, Ukraine’s Operational Command East spokesman Serhiy Cherevaty, said on Ukrainian national television on April 6.

Policymakers need to better understand the experience of imposing sanctions against the Russian Federation and the Republic of Belarus to plan future sanctions strategies.

The United States plans to deliver M1 Abrams main battle tanks to Ukraine by the end of the year, U.S. Department of Defense Deputy Spokesperson Sabrina Singh said during a briefing on April 5.

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