World Bank to provide US$84m in aid to Ukraine
Source: Ukraine's Prime Minister Denys Shmyhal
Details: Shmyhal noted that the funds will be used to provide compensation under eRecovery, a Ukrainian government programme of financial assistance for rebuilding housing damaged by hostilities.
The prime minister noted that over 96,000 Ukrainian families have received financial support from the state.
Background: In early April, the Cabinet of Ministers (Ukrainian government) decided to raise €100 million from the Council of Europe Development Bank to pay compensation to owners of destroyed housing under the eRecovery programme.
Support Ukrainska Pravda on Patreon!
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
6 minutes ago
- The Hill
Zelensky doubles down: ‘We will never leave the Donbas'
Ukrainian President Volodymyr Zelensky on Tuesday said the country would not cede portions of the Donbas region to Russia amid ceasefire talks. 'We will never leave the Donbas' Zelensky told reporters on Tuesday, per NewsNation. 'Everyone forgets the first part of the film [Crimea],' he added. His comments come days before President Trump and Russian President Vladimir Putin are scheduled to meet in Alaska without Zelensky for peace discussions, which the Ukrainian leader has dismissed. 'Any decisions made against us, any decisions made without Ukraine, are at the same time decisions against peace,' he said Saturday. 'They will bring nothing. These are dead decisions; they will never work.' Trump has already signaled that a ' land swap ' may be necessary to end the war. Russia invaded Ukraine in February of 2022 and captured most of the Donetsk and Luhansk regions within Donbas. The Kremlin has already expressed a desire to keep Luhansk, Donetsk, Zaporizhzhia and Kherson before committing to ending the violent strikes in Eastern Europe. However, Zelensky said 'Donbas for the Russians is a springboard for a future new offensive.' 'If today we leave Donbas, from our fortifications, from our reliefs, from the heights that we control, we will clearly open a bridgehead for preparing an offensive by the Russians. In a few years, Putin will have an open path to both the Zaporizhzhia and Dnipro regions. And not only that. Also to Kharkiv,' he added, according to PoliticoEU. Kherson was previously occupied by Russia but eventually liberated by Ukraine in 2022. Ukraine currently controls both Kherson and Zaporizhzhya, which serve as administrative centers in their regions. While Zelensky has nixed the idea of overturning land masses to end the war, he has also urged both Trump and Putin to consider adding finite conditions to any peace agreements to ensure the war's end. 'The territorial issue cannot be raised without security guarantees,' Zelensky told reporters.
New York Post
6 minutes ago
- New York Post
At Trump-Putin summit, a non-negotiable demand: return Ukraine's kidnapped kids
In February, President Donald Trump offered a ray of hope to thousands of Ukraine's families. 'I believe I could, yes,' he said, when asked if he could convince President Vladimir Putin to return the more than 19,500 Ukrainian children Russia has abducted during its three-year full-scale invasion. 'It's pretty tough stuff, but I believe I could do that.' Advertisement On Friday, he'll have his chance. The Aug. 15 Trump-Putin meeting in Alaska offers the perfect moment for the president to raise this issue directly — and to make it unmistakably clear that freeing Ukraine's children must be a prerequisite to any peace deal. The UN's Commission on Ukraine has recognized Russia's actions as a war crime, and the European Court of Human Rights holds Russia responsible for these abductions. Advertisement Yet no international organization has managed to force the children's return. Since the start of Putin's invasion, Russia has subjected thousands of stolen kids to catastrophic risks including human trafficking, illegal adoptions, identity erasure and militarization. As Washington and Moscow prepare for the Alaska meeting, new revelations are adding to the horror: According to the Ukrainian NGO Save Ukraine, Russia has launched an online 'catalog' of kidnapped children, sorting kids by age, eye color and number of siblings. And it doesn't stop at physical traits, but lists personality profiles — obedience, submissiveness, attitude toward authority, self-care skills — alongside clear photographs. Advertisement 'These children are not 'war orphans.' They had names, families, and Ukrainian citizenship,' wrote Save Ukraine founder Mykola Kuleba. 'This is not care. It's state-sponsored child trafficking.' 'A catalog with photos and descriptions is ideal material for child traffickers . . . an invitation to pedophiles and organized criminal networks in Russia.' No civilized society can justify such a database, which demonstrates Russia's clear intention to keep rather than return these kidnapped kids. Advertisement This week, Trump has the chance to save them. Ukraine is seeking their return, and the international community — from Argentina to Japan — is demanding it. Trump, too, must insist on it, and should make it a central element of pressure on Putin during Friday's summit. Congress has already signaled bipartisan support. This is one of those rare issues that raises no doubts due to its absolute moral clarity. In May, senators from both parties introduced Senate Resolution 236, urging the administration to ensure the return of abducted Ukrainian children before finalizing any peace deal. The House introduced a matching bipartisan resolution. But Russia has brushed off every demand. At a June meeting in Istanbul, Ukraine raised the issue at the negotiating table and provided a list with 339 names of abducted children as a test of Moscow's ability to act in good will. Advertisement Kremlin delegate Vladimir Medinsky reportedly mocked the request for their return: 'Don't put on a show for European compassionate aunties who don't have children themselves,' he said. Ultimately, Russia released just six children from the list — out of 339 cases submitted and more than 19,500 documented by Kyiv. Trump has repeatedly voiced frustration at the lack of progress toward a deal that will put this destructive war to an end. He is right: For months, Putin's empty promises and delay tactics have held off peace. Advertisement On the contrary, Russia last month launched a record number of assault drones at Ukrainian cities, targeting schools, hospitals and residential neighborhoods — terrorizing civilians and signaling Putin's disregard for Trump's peace efforts. So it's no surprise that the president, weary of Moscow's games, expects tangible results from the meeting in Alaska. Trump knows better than anyone that peace can only be achieved through strength: He made that message a hallmark of his presidential campaign. Advertisement He has promised tough sanctions if Putin refuses a cease-fire or fails to show genuine readiness for peace — not one based on absurd demands. This summit must give Putin one last chance to prove he's serious. Any substantial peace deal will obviously require a seat for Ukraine at the table. The nation must be involved in talks about its own future. And while the Trump administration says both Russia and Ukraine will have to make concessions, Moscow has not identified a single substantive compromise. Advertisement If Russia wants to prove good faith to the United States, the return of Ukraine's abducted children can and should be its first step. Trump, an experienced negotiator, can secure this crucial concession. Doing so could be his Nobel Peace Prize moment — what can be more sacred than freeing the innocent? And Putin must return to Moscow with a crystal-clear understanding: Ukrainian children are not bargaining chips, and they'd better be returned ASAP. Katya Pavlevych is an adviser on the issue of abducted Ukrainian children at Razom for Ukraine, where Ostap Yarysh is a media adviser.
Yahoo
21 minutes ago
- Yahoo
Crude Oil Falls as EIA Forecasts Larger Global Oil Surplus
September WTI crude oil (CLU25) on Tuesday closed down -0.79 (-1.24%), and September RBOB gasoline (RBU25) closed down -0.0022 (-0.11%). Crude oil prices on Tuesday fell on the possibility of progress at the Trump-Putin summit in Alaska on Friday regarding the Russia-Ukraine war, which could result in reduced sanctions on Russian oil. The oil markets also remain concerned about an oil surplus after the EIA on Tuesday raised its forecast for the 2025 global oil surplus to 1.7 million bpd from 1.1 million bpd. The EIA expects a global oil surplus of 1.5 million bpd in 2026, up from its previous forecast of 1.1 million bpd. More News from Barchart Nat-Gas Prices Retreat as US Weather Forecasts Cool Argan Holds Strong in Barchart's Top 100: Up 66% in 2025 — What's Next for Investors? Crude Prices Pressured on Hopes of an End to the Russian-Ukrainian War Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Bullish factors Tuesday included the slightly lower dollar and President Trump's 90-day postponement of the higher tariffs on China, which was a supportive factor for global economic growth and energy demand. In a bullish longer-term factor, the EIA on Tuesday forecasted that US oil production in 2026 will fall to 13.28 million bpd, which would be the first annual drop since 2021. US shale companies are reducing their drilling and production plans due to low crude oil prices. The number of active US oil rigs recently fell to a 3.75-year low of 410 rigs. Crude has support after President Trump recently said that he would impose new tariffs on countries buying Russian energy unless Russia reaches a ceasefire with Ukraine. Last Wednesday, President Trump doubled tariffs on Indian exports to 50% from 25% because of India's purchases of Russian crude. JPMorgan Chase warned that if enforced, oil markets would be unable to ignore the impact of triple-digit tariffs on Russian oil, given the significant scale of Russian exports and limited OPEC spare capacity, which could potentially lead to a supply shock. Concerns about a global oil supply glut are weighing on crude prices after OPEC+ on August 2 endorsed an additional 547,000 bpd increase in its crude production for September 1. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production by September 2026. OPEC+ has 1.66 million bpd of supplies that are currently due to remain offline until late 2026. The International Energy Agency has said the global crude oil market faces a surplus by Q4-2025 equivalent to 1.5% of global crude consumption. OPEC July crude production fell -20,000 bpd to 28.31 million bpd. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -5% w/w to 80.52 million bbl in the week ended August 8. Last Wednesday's weekly EIA report showed that (1) US crude oil inventories as of August 1 were -6.5% below the seasonal 5-year average, (2) gasoline inventories were -0.3% below the seasonal 5-year average, and (3) distillate inventories were -16.1% below the 5-year seasonal average. US crude oil production in the week ending August 1 fell -0.2% w/w to 13.284 million bpd, modestly below the record high of 13.631 million bpd posted in the week of 12/6/2024. Baker Hughes reported last Friday that the number of active US oil rigs in the week ending August 8 rose by +1 rig to 411 rigs, just above the 3.75-year low of 410 rigs from August 1. Over the past 2.5 years, the number of US oil rigs has fallen sharply from the 5.25-year high of 627 rigs reported in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
