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May 19 (Reuters) - U.S. President Joe Biden informed G7 leaders on Friday that Washington supports a joint effort with allies to train Ukrainian pilots on F-16 fighter jets, a senior administration official said, a key endorsement as Kyiv seeks to boost its air power against Russia's invading forces. Training on the U.S.-made jets will take place in Europe and will require months to complete, the official said. U.S. officials have estimated the most expeditious time needed for training and delivery of F-16s at 18 months. The U.S. hopes to begin the training, which will be conducted on fourth-generation fighters including F-16s, in the coming weeks, the official added. Ukraine, which does not possess any Western-designed jets, says the F-16s are far more effective than the Soviet-era fighters it currently has.
CNN —A crucial deal aimed at averting a global food crisis following Russia’s invasion of Ukraine has been extended for two months. Turkish President Recep Tayyip Erdogan said Wednesday an agreement has been reached with Russia and Ukraine to extend the Black Sea grain deal. Murat Kula/Anadolu Agency/Getty ImagesWhat is the Black Sea grain deal and why is it important? The Black Sea grain deal was first reached in July 2022. The Black Sea grain deal was an agreement made between Russia and Ukraine – however, it was not a direct agreement.
WHAT KIND OF FIGHTER JETS COULD UKRAINE GET? Ukraine wants F-16s, which it says are "four or five times" more effective than Soviet-era jets it currently has. However, Polish President Andrzej Duda reiterated on Tuesday that Poland has too few F-16 jets to be able to give any to Ukraine. Britain will not send jets to Ukraine, a spokesperson for Sunak has said, since Britain does not have the F-16s that Ukraine wants. Denmark said in February it was "open" to the idea of sending fighter jets to Ukraine.
VERONA (Italy), May 16 (Reuters) - Italy's transport minister said on Tuesday that Italy and its allies in the European Union can block the Euro 7 regulation which tightens vehicle emission limits for pollutants including nitrogen oxides and carbon monoxide from 2025. The proposed Euro 7 regulation was "clearly wrong" and not even helpful from an environmental pint of view, said Italy's Transport Minister Matteo Salvini, the leader of the League coalition party in Italy's right-wing government. "Italy, with France, Czech Republic, Romania, Portugal, Slovakia, Bulgaria, Poland and Hungary, has the numbers to block this leap in the dark," Salvini said during an automotive dealer conference in Verona. European carmakers have been fighting back against the proposed emission regulations they argue are too costly, rushed and unnecessary. The European Commission says are needed to cut harmful emissions and prevent a repeat of the Dieselgate scandal.
Czech president: Ukraine could have our L-159 jets
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
PRAGUE, May 10 (Reuters) - The Czech Republic could give Ukraine some of its L-159 fighter jets to support its planned counter-offensive, Czech President Petr Pavel was quoted as saying on Wednesday. "It is worth considering whether we could provide Ukraine with our L-159 aircraft," Pavel told Czech public radio in an interview. "As direct combat support aircraft, (the planes) could also help Ukraine significantly in the counteroffensive," he said. Netherlands Prime Minister Mark Rutte said last week that talks on a potential donation of F-16 fighter jets to Ukraine were progressing, but no decision has been made. Slovakia and Poland provided Ukraine with Soviet-era MIG-29 fighter jets in March.
Explainer: Why the EU is restricting grain imports from Ukraine
  + stars: | 2023-05-09 | by ( ) www.reuters.com   time to read: +6 min
Poland, meanwhile, received 2.08 million tonnes of corn, 579,315 tonnes of wheat and 44,114 tonnes of barley in 2022. They have, however, faced increased competition in local markets from Ukrainian grain and oilseeds. Ukrainian grain was shipped to 95 countries that season with major buyers including China, Egypt, Pakistan, Spain and Libya. This is partly because Russian wheat exports have actually risen following a record harvest last summer. A decline in Ukraine's corn exports has also been offset by a jump in shipments from Brazil.
Farmers in Poland and other eastern European countries who held out for higher prices have been hit by a perfect storm. A jump in exports from Brazil and Russia helped to drive global grain prices lower while the EU opened its borders to tariff-free Ukrainian grain imports in a show of solidarity after Russia blocked the country's Black Sea ports. After opening its borders to Ukrainian grain, Poland imported 2.08 million tonnes of maize and 579,315 tonnes of wheat last year, up from just 6,269 tonnes of maize and 3,033 tonnes of wheat in 2021. If the grain corridor due to expire this month were to collapse, Ukrainian farmers would have little option but to send all their grain exports through eastern Europe. European wheat prices hit post-harvest highs in October 2022 of more than 350 euros a tonne but since then prices have dropped to pre-invasion levels of about 235 euros.
FRANKFURT, May 9 (Reuters) - The European Central Bank may need to raise interest rates for longer than currently anticipated, and September could be the earliest moment when policymakers can judge whether past rate hikes have been effective, ECB policymaker Peter Kazimir said on Tuesday. The ECB has lifted rates at each of its past seven meetings to fight a historic surge in consumer prices and policymakers have signalled further hikes to come as inflation pressures continue to build. "Based on today's data, we will have to keep raising interest rates for longer than anticipated," Kazimir, Slovakia's central bank chief, said in a blog post. The ECB sees inflation falling under 3% by the final quarter of this year, then taking almost two more years to ease back to its 2% target. "The development of core inflation, the continued buildup of wage pressures, and high-profit margins call for vigilance and reconfirm the need to continue on our path," Kazimir said.
Companies Allianz SE FollowTesla Inc FollowLONDON, May 9 (Reuters) - Chinese-made electric vehicles (EVs) pose the greatest risk to Europe's carmakers and could cost them 7 billion euros ($7.7 billion) a year in lost profits by 2030 unless policymakers take action, according to an Allianz Trade report. Europe's carmakers face a dual threat from the prospect of falling sales of their own vehicles in China, where local EV makers have been growing market share, and from rising sales of imported Chinese EVs - made by Chinese or Western carmakers. A crowded market for all-electric SUVs in China is putting pressure on local carmakers to export more vehicles to Europe. "The stakes are high for Europe's automotive industry: four out of five cars sold in Europe are assembled locally," the report added. The report said the U.S. Inflation Reduction Act (IRA) had made Europe a target for Chinese exports.
Slovak caretaker PM quits months before early elections
  + stars: | 2023-05-07 | by ( ) www.reuters.com   time to read: +2 min
Heger is due to meet President Zuzana Caputova, who has the power to appoint a new caretaker prime minister, later on Sunday. Heger has faced opposition calls to make way for a technocrat administration to lead the central European country until early elections to take place in September. Polls find the public favours the biggest opposition party, which is led by former prime minister Robert Fico and has opposed increasing military aid to neighbouring Ukraine. Heger lost a no-confidence vote in December last year and in January he agreed to early elections as the best solution, leaving him in a caretaker role. It was not certain whether Caputova would name a new prime minister on Sunday.
Slovak's caretaker PM quits after political wrangling
  + stars: | 2023-05-07 | by ( ) www.reuters.com   time to read: +1 min
May 7 (Reuters) - Slovakia's Prime Minister Eduard Heger said on Sunday he had asked the president to relieve him of his duties, after ministers' resignations weakened his cabinet that is serving in a caretaker capacity before elections in September. Heger is due to meet President Zuzana Caputova, who has the power to appoint a new caretaker prime minister, later on Sunday. Heger has faced calls from the opposition to make way for a technocrat administration to lead the central European country until early elections to take place in September. In common with other European states, Slovakia has provided households and companies with payments to mitigate the impact of high energy costs and wider inflation. Reporting by Jason Hovet in Prague Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.
WARSAW, May 6 (Reuters) - Poland will demand European Union sanctions on imports of Russian farm products, its ambassador to the EU Andrzej Sados was quoted as saying on Saturday by PAP news agency. "Europe isn't threatened by disruptions in supply chain of farm products now, contrary, we have a problem of surpluses. We are resolving a problem of increased imports of farm products from Ukraine," Sados said, according to PAP. Since Russia launched its invasion of Ukraine last year, the EU has adopted 10 sanctions packages against Russian individuals and companies. Poland in April proposed a new set of punitive measures against Moscow, including a ban on pipeline oil and diamond imports.
Slovak foreign minister quits in fresh blow to ailing cabinet
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +2 min
May 5 (Reuters) - Slovakia's foreign minister offered his resignation on Friday, the president said, dealing a fresh blow to the centre-right cabinet which has already been serving in a caretaker capacity ahead of elections in September. Rastislav Kacer's departure follows a string of other ministerial resignations and piles pressure on Prime Minister Eduard Heger, who had been facing mounting opposition calls to quit and make way for a technocrat government. Caputova, whose role gives her the power to appoint a new prime minister, said she would discuss the situation with Heger and parliament speaker Boris Kollar on her return. SaS joined a leftist opposition party in voting through a no-confidence motion in December, accusing the government of not helping people cope with the higher energy costs. The prime minister said he would not comment until he meets the president.
Ukraine has repeatedly asked the US for fourth-generation fighter jets like the F-16. A former F-16 pilot said these jets don't have a fighting chance given Russia's air defense systems. One former F-16 pilot told Insider he wouldn't want to attempt to fly missions over Ukraine right now, asserting that the aircraft can't outmatch Russia's air defense systems. Fourth-generation fighters "have no business in a modern-day battlefield," John Venable, a 25-year veteran of the US Air Force, told Insider in a recent interview. F-16 fighters would likely be outmatched by Russian air defense systemsThe airspace above Ukraine remains contested after 14 months of war.
Across the countries that use the euro currency, inflation rates varied. Food prices remained stubbornly high, while government intervention to tame the inflated cost of energy began to take hold. That deal is expected to set a precedent for other pay talks and could threaten the European Central Bank’s forecast that eurozone wage growth will peak this year. What’s Next: A decision by the European Central Bank. The inflation data will influence the European Central Bank’s decision on whether to continue raising interest rates in an effort to bring down inflation.
Ukraine says grain import restrictions are 'unacceptable'
  + stars: | 2023-04-29 | by ( ) www.reuters.com   time to read: +2 min
Ukraine's foreign ministry said on Saturday it had sent notes to the Polish Embassy and EU representative office in Kyiv on Friday expressing dissapointment with the situation and saying restrictions on its grain exports via the European trade bloc were "categorically unacceptable". The European Commission said on Friday afternoon it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five EU countries that had imposed restrictions. Asked if the announcement had changed the ministry's position, he said: "There must be (unhindered) export for all Ukrainian goods". In imposing restrictions on Ukrainian grain imports, those five countries have cited concerns that grain from Ukraine meant to be exported to other countries have ended up in their local markets, pushing down prices for local farmers. A Polish foreign ministry spokesman said he had not yet seen the note.
KYIV, April 29 (Reuters) - Ukraine's foreign ministry said on Saturday it passed notes to Polish and European Union representatives in Ukraine on Friday describing the limiting of Ukrainian grain imports into EU countries as "categorically unacceptable". "Such restrictions, whatever the justification for them, do not comply with the Association Agreement between Ukraine and the EU and the principles and norms of the EU Single Market," the ministry said. "There are full legal grounds for the immediate resumption of exports of Ukrainian agricultural goods to Poland, Romania, Hungary, Slovakia and Bulgaria, as well as the continuation of unhindered exports to other EU member states," it continued. Reporting by Max Hunder Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
Online posts, however, miscaption the photo with the names of infamous concentration camps, such as Auschwitz, or falsely characterize the actual Slovak labour camp in the photo, Nováky, as a Nazi-run concentration camp. Senior historian at Yad Vashem Robert Rozett told Reuters via email that Nováky was not a concentration camp. UPN’s Jašek said that having a swimming pool was not usual for Slovak concentration and forced-labour camps. EXTERMINATION, CONCENTRATION CAMPSPaweł Sawicki, a spokesperson for the Auschwitz-Birkenau State Museum (here), told Reuters via email that concentration camps and extermination camps were different to forced-labour camps. The photo shows a forced-labour camp in Slovakia, where, according to three historians, conditions were different to those at Nazi-run concentration camps.
[1/2] Zsolt Hernadi, Executive Chairman of Hungarian oil and gas group MOL poses during an interview with Reuters in Budapest, Hungary, April 27, 2023. Hernadi said MOL was fighting to prevent a hike in oil transit fees in Ukraine and also in Croatia. The BTC pipeline transports crude oil from offshore oil fields in the Caspian Sea to the Turkish coast. He said MOL would pay Ukraine's pipeline operator Ukrtransnafta directly for the transit of Russian oil but there was still a dispute over a Ukrainian hike in fees. "There are still disputes, discussions ongoing about the transit fee, as a multi-fold increase has been flagged (by Ukraine)."
BUDAPEST, April 28 (Reuters) - Pope Francis, starting a trip to Hungary, on Friday pointedly warned of the dangers of rising nationalism in Europe and told the Budapest government that accepting migrants along with the rest of the continent would be a true sign of Christianity. He called for a return to the "European spirit" envisioned by the founders of modern Europe after World War Two, saying nations had to "look beyond national boundaries" . Orban 59, and the pope have differing views on handling migration from the Middle East and Africa to Europe, with Francis believing migrants fleeing poverty should be welcomed. He asked Francis in 2021, during the pope's last visit, "not to let Christian Hungary perish". In his speech in the presidential palace overlooking the River Danube, Francis quoted St Stephen, the 11th century founder of Christian Hungary.
BRUSSELS — European Union ambassadors agreed on Friday to allow Ukraine’s grains into the bloc free of tariffs for another year, while granting more than $100 million in aid for farmers in neighboring E.U. Four of those countries — Poland, Bulgaria, Hungary and Slovakia — had recently enacted unilateral bans on Ukrainian food imports in an effort to contain the problem. “We have a solution which is addressing the concerns both of farmers in neighboring member states and Ukraine,” Valdis Dombrovskis, the E.U. Mr. Dombrovskis said it would include a financial support package of 100 million euros, or about $110 million, for farmers in neighboring member states, from an E.U. “In return, the neighboring member states will be withdrawing their unilateral measures,” he said, referring to the Ukrainian import bans.
REUTERS/Dado Ruvic/IllustrationBRUSSELS, April 28 (Reuters) - The European Commission said on Friday it had reached a deal in principle to allow the transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions. European Commission Vice President Valdis Dombrovskis tweeted that the EU executive had reached "an agreement in principle" with the five countries "to address concerns of both farmers in neighbouring EU countries and Ukraine". The deal also includes a support package worth 100 million euros ($110.25 million) for local farmers, Dombrovskis said. The five countries became transit routes for Ukrainian grain that could not be exported through the country's Black Sea ports because of Russia's February 2022 invasion. Bottlenecks then trapped millions of tons of grains in countries bordering Ukraine, forcing local farmers to compete with an influx of cheap Ukrainian imports that they said distorted prices and demand.
Traders seem more focused on the grain deal’s recent success than the risk to Ukrainian exports should Russia cease to cooperate. As of Monday, Ukraine’s 2022-23 grain exports were down about 11% from the same date last year compared with margins of 18% in late March and 27% in late February. According to USDA data, Ukrainian corn exports in 2022-23 will represent 94% of the year’s corn harvest. The inflow of cheap Ukrainian grain has driven down prices in European neighbors, angering farmers and leading some countries to propose bans on Ukrainian goods. The EU last week proposed compensation packages for farmers as well as restrictions on Ukrainian grain imports.
BARCELONA, April 25 (Reuters) - Europe's cost of living crisis has benefited discount retailers but mid-market names are being squeezed as shoppers watch their spending, executives and analysts at an industry conference said on Tuesday. Although price rises are slowing, retailers globally are still worried inflation will dampen consumer spending and are looking for new ways to attract customers. In Europe especially, some have seen sales slow as high energy bills lead customers to buy less or cheaper food and clothes. And passing higher costs on to shoppers is likely to become harder: 72% of respondents said they expected consumers to be more price-sensitive this year. "It's a very positive moment," said Ying Xu, president of Chinese supermarket chain Wumart, referring to the reopening.
Those calls center on the US-made F-16, which proponents say will boost Ukraine's air force. But Russia would notice if Ukraine began modifying its airbases to support F-16s, one expert says. Despite being numerically and technologically outmatched by Russian aircraft and air-to-air missiles, Ukraine's air force has proven remarkably resilient and resourceful. But so far, Russia has chosen to not to use its limited stockpile of long-range missiles against Ukrainian airbases because Ukrainian airpower "doesn't pose a massive threat," Bronk said. US Air National Guard crews replace a part on an F-16 at Ukraine's Mirgorod Air Base in July 2011.
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