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

Breaking News: All flights cancelled as aviation handling company strikes indefinitely.

The United States approves departure of non-emergency personnel from Nigeria

LASG restates capacity to manage its situation regarding national flood issue

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

Breaking News: All flights cancelled as aviation handling company strikes indefinitely.

Breaking News: All flights cancelled as aviation handling company strikes indefinitely.

by Rate Captain
January 23, 2023
0

The staff of the Nigerian Aviation Handling Company Plc (NAHCO) embarked on an indefinite strike action, which led to the...

The United States approves departure of non-emergency personnel from Nigeria

The United States approves departure of non-emergency personnel from Nigeria

by Rate Captain
October 26, 2022
0

Due to an increased risk of terrorist attacks in Nigeria, the U.S. State Department on Tuesday approved the departure of...

LASG restates capacity to manage its situation regarding national flood issue

LASG restates capacity to manage its situation regarding national flood issue

by Rate Captain
October 25, 2022
0

The Lagos State Government has called a meeting of all important stakeholders to assess the state's preparedness for any eventuality...

Nigeria Launches $520 Million Special Agro-Industry Processing Zones

Nigeria Launches $520 Million Special Agro-Industry Processing Zones

by Rate Captain
October 25, 2022
0

In supporting the country’s initiative to increase agricultural output and achieve food security, Nigeria has launched the Special Agro-Industry Processing...

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

Airtel Africa’s nine-month turnover hits $3.9billion.

Airtel Africa’s nine-month turnover hits $3.9billion.

February 3, 2023
Charges on cash transactions skyrocketed by POS agents.

Charges on cash transactions skyrocketed by POS agents.

February 3, 2023

Popular Story

  • Shell’s annual profit hits $39.9 billion.

    Shell’s annual profit hits $39.9 billion.

    0 shares
    Share 0 Tweet 0
  • Charges on cash transactions skyrocketed by POS agents.

    0 shares
    Share 0 Tweet 0
  • Airtel Africa’s nine-month turnover hits $3.9billion.

    0 shares
    Share 0 Tweet 0
  • Naira appreciates to N746/$ in the parallel market.

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Annual profit hits N361.5 billion.

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

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

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

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

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

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>