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The European Commission proposed a new €90 billion loan for Ukraine, with a condition that the funds be used to purchase weapons and military equipment from European defense companies. In a separate development, SpaceX received regulatory permission to launch an additional 7,500 Starlink internet satellites.
The European Union agreed to a substantial new financial package for Ukraine, a loan worth approximately $105 billion. The funds are split, with about a third allocated for Ukraine's general budget and two-thirds for military support. A significant condition attached by some EU members requires Ukraine to use a notable portion of the military funds to purchase weapons from European defense companies, a point of contention within the bloc. Concurrently, the head of the International Monetary Fund, Kristalina Georgieva, visited Kyiv to discuss a new $8.1 billion loan program, outlining the terms Ukraine must meet for approval.
In other developments, Putin proposed using frozen Russian assets in the United States to fund a 'Peace Board' and for Ukraine. Ukraine announced new sanctions targeting Russia's supply chain for electronic warfare equipment and is pursuing actions against specific ships used to transport Russian oil to close sanctions loopholes. Norway announced a new $400 million aid package for Ukraine, while Poland is preparing to end a special law that streamlined its aid process.
1 topics | 17 sources
The Federal Communications Commission (FCC) has given SpaceX permission to launch 7,500 more Starlink internet satellites. This approval comes just days after a SpaceX vice president announced the company's plans to expand its satellite network. In a separate development, Elon Musk and the CEO of Ryanair, Michael O'Leary, have been publicly disagreeing about the cost of providing Starlink's Wi-Fi service on airplanes.
6 topics | 69 sources
Jan 22
Putin proposes using frozen Russian assets in the U.S. for aid to Gaza and UkraineRussian President Vladimir Putin has made an offer to use Russian assets that are frozen in the United States. He suggested the funds could be directed to a 'Peace Board' and to Ukraine. This proposal relates to assets that were seized by the U.S. and its allies as part of sanctions against Russia. The offer comes as Ukraine continues to be a focal point for military technology testing, with one expert calling it a 'free testing ground' for drones.
Jan 15
Ukraine and the US target Russian oil shipments to enforce sanctionsUkraine is attacking the ships Russia uses to transport its oil, aiming to disrupt the country's ability to sell oil and bypass international sanctions. Separately, the United States has seized a tanker linked to a Russian firm whose owner has ties to Crimea, which Russia annexed from Ukraine in 2014.