Ukraine's president Zelenskyy arrived in Great Britain
Category
Ukraine
Publication date

Ukraine's president Zelenskyy arrived in Great Britain

Volodymyr Zelenskyi
Volodymyr Zelenskyy

On July 18, Ukraine's President Volodymyr Zelenskyy arrived in Great Britain to attend the summit of the European Political Community and sign new security agreements.

Points of attention

  • During the visit, the President of Ukraine plans to discuss defence cooperation and support for the Ukrainian defence industry.
  • Volodymyr Zelenskyy's visit to Great Britain aims to deepen cooperation between the countries and expand Ukraine's defence capabilities.
  • During his visit to Great Britain, Volodymyr Zelenskyy will meet with Prime Minister Keir Starmer and King Charles III of Great Britain.

Volodymyr Zelenskyy arrived in Britain to sign new security agreements

Zelenskyy arrived at the European Political Community summit, where European space countries are gathering for the fourth time to discuss common topics and challenges.

In addition, the president will meet with King Charles III, Prime Minister Keir Starmer, government officials and heads of defense companies to discuss relations between Ukraine and Great Britain.

We will sign an intergovernmental agreement to support the Ukrainian defence industry, discuss future cooperation, and expand our defence capabilities.

Volodymyr Zelenskyy

Volodymyr Zelenskyy

President of Ukraine

Volodymyr Zelenskyy added that from the first days of the full-scale invasion, Great Britain was one step ahead in its determination to support Ukraine.

Zelensky announced the signing of three more security agreements - video

President of Ukraine Volodymyr Zelenskyy announced signing three more security agreements — with the Czech Republic, Slovenia and Ireland.

There are three new security agreements for Ukraine: Poland, Luxembourg, and Romania. The team is now working on new documents—there will be agreements with the Czech Republic and Slovenia, and after a meeting with the Prime Minister of Ireland, they decided to also prepare an agreement.

Volodymyr Zelenskyy

Volodymyr Zelenskyy

President of Ukraine

Volodymyr Zelenskyy also reported on the agreement regarding Ukraine, the Ukrainian Compact, which was approved at the NATO summit in Washington.

It's all about weapons for our soldiers, about the work of defense companies in Ukraine and with Ukraine, about supporting our recovery — everything is as concrete as possible and truly supports our protection of life. There are new defense packages, Zelenskyy said.

Category
Economics
Publication date

Ending the war against Ukraine could destroy Russia's economy

Putin is afraid to stop the war

The Wall Street Journal concluded that the Russian economy has become dependent on the war in terms of jobs, wages and growth. Accordingly, if a truce is achieved on the front, the aggressor country will be on the verge of collapse.

Points of attention

  • The cessation of war-related production could result in slower growth or recession in Russia in the near term.
  • Experts predict that the decrease in domestic consumption following the end of the war could further impact Russia's economy.

Putin is afraid to stop the war

According to Heli Simola, a senior economist at the Bank of Finland's Institute of Economics, almost half of the aggressor country's economic growth in 2024 was directly due to war-related production.

It is also impossible to ignore the fact that payments to the families of Russian invaders fighting in Ukraine have increased the well-being of some of the poorest regions of the country.

Experts predict that the cessation of such stimulation will lead to a decrease in domestic consumption.

If Russian dictator Vladimir Putin wants to avoid economic collapse, he will have to continue spending at current levels long after the war is over.

If military spending is cut, it will lead to job losses and general disillusionment in many Russian regions, said Janis Kluge, a Russia expert at the German Institute for International and Security Affairs.

According to Capital Economics forecasts, the decline in spending could lead to slower growth or even recession in Russia in the near term.

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