US president pledges $500m in help for Ukraine while west prepares next phase of sanctions against Russia
Joe Biden has promised further military aid for Ukraine worth $500m , as EU foreign ministers met in Brussels to discuss ways to accelerate the provision of ammunition.
Among the options being discussed in Brussels is a plan to guarantee cash in advance to defence industries so that a steady supply of ammunition production could flow to the Ukrainian army. The EU foreign policy chief, Josep Borrell, said the most important task at hand was to ensure“It is the most urgent issue. If we fail on that, the result of the war is in danger,” he said before the meeting.
The package – the 10th – will be divided into three parts. The first contains a list of vital industrial goods that Russia will be barred from obtaining from the EU including spare parts for machines and trucks, electronic components, rare earths, cameras and lenses, lasers and chemicals. Overall, this should cover about €11bn worth of goods.
The Belgian-based diamond trade industry is also likely to be exempted even though it is a sizeable source of income for Russia.would not supply arms to Russia.
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