Ukraine stay briefing: E.U. approves Ukraine help; U.S. hits Russian oligarch Vladimir Potanin with sanctions
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European Union leaders met in Brussels to debate the escalation of Russia’s assaults on Ukraine’s infrastructure and the fallout from the warfare, in addition to to approve an 18 billion euro package deal of assist to rebuild the war-ravaged nation within the coming yr. “We are in the process of discussing how to keep the consequences of this war under control for our economies and the world,” German Chancellor Olaf Scholz instructed reporters earlier than the assembly, citing inflation and excessive power costs.
The United States on Thursday imposed sanctions on one in every of Russia’s richest males, Vladimir Potanin, the Treasury Department introduced. The billionaire businessman is a serious shareholder of one of many world’s largest producers of palladium and refined nickel. Potanin performed an instrumental function within the “loans for shares” packages within the Nineties that enabled some Russians to amass nice wealth after the autumn of the Soviet Union. Known to commonly meet with Russian President Vladimir Putin through the years, Potanin was already below British sanctions.
The United States plans to ship Ukraine superior “smart bomb” tools that will enable it to focus on Russian army positions with higher accuracy, senior U.S. officers mentioned, one other important step by Washington to assist Ukraine struggle off invading Russian forces. The Joint Direct Attack Munition, or JDAM, to be supplied by the United States makes use of world positioning units for precision and may be bolted to different weapons.
Here’s the most recent on the warfare and its ripple results across the globe.
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