2024-07-30 14:59:08

War against Ukraine: Costly and Challenging

Image courtesy of : AFP (ANATOLII STEPANOV)

The war against Ukraine continues to be a costly and challenging endeavor. Ukraine claims that every day of war costs them over 120 million euros, with monthly security and defense costs exceeding 3.7 billion euros.

To cover the budget deficit of over 11 billion euros, the Ukrainian government plans to raise taxes, including a tripling of the military levy. This has led to a surge in new car sales in Ukrainian cities.

Ukraine has also sought financial support from the United States, receiving an additional 200 million dollars in aid. However, despite financial assistance, the cost of the war remains a significant burden.

Russia continues its military advances, recently capturing the town of Pyvdenne in eastern Ukraine. The situation is further complicated by China's support for Russia, which has caused friction with Italy and raised concerns about China's neutrality.

Ukraine is preparing for the winter to prevent a greater energy crisis and is working on enhancing its air defense systems. The Russian Navy is also conducting extensive fleet exercises, involving thousands of soldiers and hundreds of ships and submarines.

The war in Ukraine continues to escalate, with ongoing clashes and an uncertain path towards resolution.

Diplomacy - South China Morning Post
30. Juli 2024 um 07:21

EU disputes China claim that it supports Beijing’s proposal to end Ukraine war | South China Morning Post

Politics
EU disputes China's claim it supports Beijing's proposal to end Ukraine war. Borrell asked China to use influence on Russia and support Ukraine's peace process. China's point man Li Hui shuttling diplomacy to pitch China as mediator. Ukraine's FM Kuleba visited China, discussed Sino-Brazilian statement and Ukraine's willingness to negotiate. China accused of exporting dual-use goods to Russia, trying to sabotage Ukraine-backed Geneva peace summit, and promoting alternative Sino-Brazilian propo..
n-tv.de
30. Juli 2024 um 09:43

Tripling of military levy: Ukraine increases taxes for the war - n-tv.de

Politics
Economy
Ukraine is increasing the military levy from 1.5% to 5% as well as taxes on car purchases and jewelry to cover the costs of the war against Russia. The monthly costs amount to more than 3.7 billion euros.
DER SPIEGEL
30. Juli 2024 um 10:05

Ukraine War: Every Day of War Costs Kyiv More Than 120 Million Euros - DER SPIEGEL

Politics
Economy
Finance
Ukraine receives financial support from the West, but cannot cover the costs. The government is planning tax increases, including a military levy. Ukraine expects the first F-16 fighter jets from the Netherlands and Denmark, as well as additional Leopard tanks from Germany and Denmark.
AFP
30. Juli 2024 um 11:30

Russia reports capture of another village in eastern Ukraine

Politics
Russia reports the capture of a village in eastern Ukraine; the settlement of Piwdenne has been "liberated"; Russia is advancing on the cities of Toretsk, Chasiv Yar and Bakhmut; Ukraine calls for more weapons from its allies.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!