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If the reparation loan tied to Russian assets cannot be realized due to Belgium’s unwillingness to compromise, Brussels will propose a “plan B” to finance Ukraine’s budgetary and military needs, European Commission President Ursula von der Leyen said, Logos Press reported.
The European Commission will provide Ukraine with about €6bn under the G7 credit line, which will be repaid, among other things, from the proceeds of Russian frozen assets, Logos Press reported citing kommersant.ru.
“The United States appreciates the steps taken by Greece, Bulgaria, Romania, Moldova, and Ukraine to strengthen their energy security. Thanks to President Trump’s commitment to energy dominance, the United States is ready and able to deliver affordable, reliable and secure American LNG to our allies in Europe,” U.S. Energy Secretary Chris Wright said in connection with the November 7 signing of an agreement between these countries’ natural gas transmission system operators on a vertical gas corridor and the facilitation of natural gas exports to Ukraine, as quoted by Logos Press.
Germany held a “steel summit” on Nov. 6 to discuss the problems of steelworkers, but the conversation was essentially a search for answers about the future of all energy-intensive industries and “Germany’s self-perception as an industrial nation,” according to Logos Press.
Inzhur is preparing documents to obtain a license from the National Securities and Stock Markets Commission (NSSMC) to open a new stock exchange, Logos Press reported.
Lukoil-Moldova has 10 days to sell its assets at Chisinau airport, Logos Press reports.
Gunvor Grup Ltd. has withdrawn its offer to buy Lukoil’s overseas business. An hour earlier, the US Treasury Department called Gunvor a “Kremlin puppet” and refused to grant it permission to do business until the end of the war in Ukraine, Logos Press reported.
Between 2021-25, prices of inputs (agrochemicals, seeds, fuel, etc.) rose by more than 41% on average in the U.S., Europe and many other parts of the world, while prices of basic agricultural products (wheat, corn, etc.) rose by only 25-35% on average, according to Logos Press.
Despite the huge budget deficit, the National Bank of Ukraine is confident that international aid to the country will be enough to keep the printing press running, Logos Press reported.
In December this year, the European Commission plans to submit proposals to create a single supervisory body for stock and cryptocurrency exchanges in order to eliminate fragmentation and improve the EU’s competitiveness in capital markets – according to Logos Press.
In 2025, analysts forecast real economic growth in Romania of only 0.8% of GDP, with the “alternative scenario” being a technical entry into recession with a budget deficit of 8.6% to GDP, Logos Press reported.
In the October issue of World Economic Outlook, the International Monetary Fund ranks the countries with the highest public debt in 2025, Logos Press reports.
