RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home News

European Commission Proposes a Halt in Ukrainian Export Duties

Rate Captain by Rate Captain
April 27, 2022
in News
Reading Time: 2 mins read
A A
0
European Commission Proposes a Halt in Ukrainian Export Duties
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The European Commission on Wednesday, 27th April 2022 proposed to suspend for one year all import duties from Ukraine to the European Union to help the country during the war with Russia.

The measure will also include a one-year halt on anti-dumping and safeguard measures on Ukrainian steel exports. However, the measure will have to be approved by the European Parliament and European Council. 

AlsoRead

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

Twitter Acquisition deal temporarily on hold, Says Elon Musk

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

Keynotes

  • European Commission has put in place various incentives to support Ukraine since the invasion by Russia.
  • On the 25th of February 2022, the European Commission adopted a package of individual and economic measuresbuilt on five pillars: the financial sector, energy sector, transport sector, technology sector, and immigration sector.
  • On the 27th of February, the Commission proposed additional support measures for Ukraine and sanctions against Russia.
  • On the 28th of February, the Commission announced an additional program to help civilians affected by the war in Ukraine, as part of an urgent aid appeal by the United Nations.
  • As of the 2nd of March, the EU agreed to exclude key Russian banks from the SWIFT system, the world’s dominant financial messaging system.
  • As of the 9th of March, The Council decided to impose further targeted sanctions in view of the situation in Ukraine and in response to Belarus’s involvement in the aggression.
  • As of the 11th of March, the Commission disbursed €300 million in emergency Macro-Financial Assistance to Ukraine. This is the initial part of the first €600 million installments under Ukraine’s new €1.2 billion emergency MFA program.
  • As of 17th April, the EU has allocated a further €50 million in humanitarian funding to support the people affected by Russia’s war on Ukraine, including €45 million for humanitarian projects in Ukraine and €5 million for Moldova. This brings the EU’s total humanitarian aid funding in response to the war to €143 million.
Previous Post

Nigeria has the Largest Oil production shortfall in Q1 2022, Says World Bank

Next Post

Naira Depreciates at I&E Window as Foreign Reserves Dip Further to $39.71 billion, While the Local Currency Appreciate Against the British Pounds

Related News

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

by Rate Captain
May 16, 2022
0

The Nigerian Ports Authority has announced the  deteriorating state of the Tin Can Island port, saying that more attention should...

Twitter Acquisition deal temporarily on hold, Says Elon Musk

by Rate Captain
May 13, 2022
0

Elon Musk has announced that his $44 billion deal to acquire Twitter is now on hold. This is coming after...

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

by Rate Captain
May 13, 2022
0

One of the United Arab Emirates (UAE) leading airlines, Emirates Airlines has announced the adoption of Bitcoin as a payment...

After the alleged claim of not being aware of the strike, President Buhari begs ASUU to call off the strike!

After the alleged claim of not being aware of the strike, President Buhari begs ASUU to call off the strike!

by Rate Captain
May 12, 2022
0

President Muhammadu Buhari has appealed to the Academic Staff Union of Universities (ASUU), to consider the plight of the students...

Next Post

Naira Depreciates at I&E Window as Foreign Reserves Dip Further to $39.71 billion, While the Local Currency Appreciate Against the British Pounds

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

IMF Cautions Central African Republic against Adopting Bitcoin

5 cryptos that could strengthen your portfolio in June

May 25, 2022
CBN Advises Nigerian Commercial Banks to Pay more attention to financial transactions linked with Benin Republic

OFIs: CBN sets criteria for enrollment onto credit risk management system

May 25, 2022

Popular Story

  • European Commission Proposes a Halt in Ukrainian Export Duties

    ECB warns that unbacked crypto assets represent a risk to financial stability

    0 shares
    Share 0 Tweet 0
  • For $3 each, a man sells 933 selfies as NFTs, and the collection is now worth millions.

    0 shares
    Share 0 Tweet 0
  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • Brazil’s Largest Crypto Exchange Partners With Stellar To Work on a CBDC

    0 shares
    Share 0 Tweet 0
  • 5 cryptos that could strengthen your portfolio in June

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.