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Titanium miner Velta is in talks with EBRD, EIB, DFC and others to create a post-war critical materials 'cluster' in Ukraine
US-based titanium miner Velta aims to create a "cluster" in Ukraine for mining and processing critical raw materials when the war ends and is in talks with several private investors and international finance institutions for backing, a senior company official said. Matthew Murray, chair of the board of
Romanian transport minister says Port of Constanta should become main logistics hub for Ukraine's reconstruction
Romania's Transport and Infrastructure Minister Sorin Grindeanu said on Tuesday that the country's Black Sea port of Constanta should become a main logistics hub for Ukraine's reconstruction, as quoted by local news agency Agerpres. Speaking at a press conference at the port, Grindeanu said
Europe's major powers back seizure of €200 billion in frozen Russian assets amid ceasefire plans, FT reports
Europe's major powers are rallying behind efforts to seize over €200 billion in frozen Russian assets as they work on a ceasefire deal for Ukraine, with France and Germany, previously resistant to a full-scale asset seizure, now in talks with the UK and other nations on potential ways
US, Ukraine plan to move ahead with minerals deal, sources say
The US and Ukraine plan to move ahead with signing a proposed deal to jointly develop Ukraine's minerals resources, Reuters reported, citing four unnamed sources familiar with the matter. The sources, however, cautioned that the deal had not yet been signed and the situation remained fluid, Reuters reported.
European Commission proposes €800 billion defense spending plan
European Commission President Ursula von der Leyen on Tuesday unveiled a five-part "Rearm Europe" plan to mobilize €800 billion to enhance Europe's defense capabilities and provide military aid to Kyiv. Firstly, she proposed a new financial instrument worth €150 billion to provide EU member states with
US pauses all military aid to Ukraine, sources say
US President Donald Trump has paused all US military aid to Ukraine amid the escalating tensions between Washington and Kyiv, an unnamed White House official told Reuters. "President Trump has been clear that he is focused on peace. We need our partners to be committed to that goal as
Zelensky says Ukraine needs 'proper' diplomacy for the war to end as soon as possible
Ukraine's President Volodymyr Zelensky said in his nightly address to the nation on Monday that his team is working to create conditions for "proper" diplomacy for the war to end as soon as possible with a "decent peace." "We need peace – real, fair
Ukrainian Railways to launch locomotives unit in 2025
Ukrainian national railway operator Ukrainian Railways (Ukrzaliznytsia) will establish a locomotive unit this year to centralize operations of its existing locomotive depots, Ukrzaliznytsia Chairman Oleksandr Pertsovsky said. "This year, we are launching the full-scale operations of Ukrzaliznytsia's Locomotive Company. Our locomotive depots will be integrated into it,
UK, France and allies to draft plan to end fighting in Ukraine and present it to US
UK Prime Minister Keir Starmer said on Sunday that the UK, France, and other allies have agreed to work with Ukraine on a "plan to stop the fighting," which will then be discussed with the US, and "take it forward together." "We are at a
Ukraine to receive $400 million tranche from IMF after seventh loan program review
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the seventh review of Ukraine's $15.5 billion Extended Fund Facility (EFF) program, unlocking $400 million in funding. The funding will be released to Ukraine once the IMF board approves the agreement, which would bring
Ukraine seizes assets of Russian oil & gas giant Tatneft
Ukraine's Justice Ministry said on Thursday that assets of Russian oil and gas major Tatneft in the country have been seized and transferred to the state following a ruling by the High Anti-Corruption Court. The confiscated assets include a 100% stake in Tatneft-AZS-Ukraine, a 92.98% stake in
France started talks with Ukraine on minerals access months ago, defense minister says
France has been holding discussions with Ukraine since October last year about access to Ukraine's deposits of critical minerals as it looks to diversify its supply, French Defense Minister Sébastien Lecornu told France Info on Thursday. "We are speaking about this issue for our own French needs.