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Sunday, February 5, 2023

EU and NATO expand cooperation

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“We stand together to support Ukraine,” said NATO Secretary General Jens Stoltenberg. He signed a new cooperation agreement with EU Commission President Ursula von der Leyen and EU Council President Charles Michel. “Ukraine should receive all the military equipment it needs to defend its country,” said von der Leyen, referring to the planned delivery of German Leopard main battle tanks to Kyiv.

While Russia yesterday intensified its attacks on Ukrainian positions near the city of Bakhmut, which has been contested for months, the Russian economy is increasingly struggling with heavy losses: the state deficit totals 3.3 trillion rubles (around 44 billion euros), according to Finance Minister Anton Siluanov . This corresponds to 2.3 percent of gross domestic product (GDP). Before the war began in February, the government had aimed for a surplus of 1 percent of economic output.

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Source: Nachrichten

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