US President Joe Biden has signed the Ukraine Democracy Land Lease Act of 2022. This will allow the U.S. to fund Ukraine's defense against Russian aggression without administrative delay. The act is similar to the Lend Lease Act signed by President Franklin Roosevelt back in 1941, according to which the United States financed its allies, including the USSR, in the fight against Nazism during World War II, Reuters reports.
The European Commission has been planning a 15 billion euro bond issue in order to finance Ukraine over the next 3 months, Politico reported, quoting diplomats in Brussels. The mechanism will be similar to the SURE program used during the coronavirus pandemic.
Russian President Vladimir Putin has ordered the establishment of a working group on international payments, as its tasks include determining the conditions for transactions with "unfriendly" nations, TASS reports. Poland and Bulgaria refused to comply with Russian requirements and Moscow cut off gas deliveries for the two countries. Moscow says the same would happen to anyone else who did not comply with the new payment terms.
To insist on seeking a military settlement to the conflict in Ukraine is a losing venture. Europe should support the efforts of the US to find a better solution, said President Rumen Radev at the Chief of Defence Annual Conference in Sofia. At..
“There is no change, Bulgarian troops are not going to be sent to Ukraine,” said PM Rosen Zhelyazkov in a comment about the meeting between US President Donald Trump and French President Emmanuel Macron at the White House. “The institutions in..
Bulgaria is to take part in common procurement procedures in the sphere of defence at an EU level, under projects for the acquisition of IRIS-T air defence systems and CAESAR self-propelled howitzers. The Ministry of Defence applied for and..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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