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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

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    Iran Warns Civilians: Stay 1 km Away from US and Israeli Linked Banks in Middle East

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN Limits New Mobile Banking Transfers to ₦20,000 in First 24 Hours

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    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    President Tinubu Nominates Lamido Abubakar Yuguda as CBN Deputy Governor

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

    Iran Warns of $200 Oil as IEA Plans to release 400m Barrel Reserves

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    NMDPRA Suspends Petrol Import Licences says Local Production Meets Demand

    Tinubu Nominates Taiwo Oyedele as Minister of State for Finance replacing Doris Anite

    Senate confirms Taiwo Oyedele as Minister of State for Finance

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

    Dangote Refinery Slashes Petrol to ₦1,075/Litre, Diesel to ₦1,430/Litre

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    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

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    Federal Government Suspends $300 Helicopter Landing Fee for Oil Companies

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    Guinea Insurance Sees ₦2.21bn Gain in Year-End Forecast

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    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

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It’s criminal or mistake to withhold €8bn aid – Zelensky tells EU

Friday, 5 August 2022, 5:30 pm
in News, World
0
Zelensky’s virtual speeches to Parliaments around the world invoking history
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Ukrainian President Vladimir Zelensky has accused the European Union (EU) of deliberately withholding aid that it had promised his country. An €8 billion ($8.18 billion) in aid promised to Ukraine by Brussels amid the conflict with Russia, has been on hold for sometime now.

Also read; Amnesty International is a Terrorist Organization – Zelensky

Withholding €8 billion in financial aid is either “a crime or a mistake” by Brussels, the Ukrainian leader says, according to a news report by Russia Today early in the day.

“Every day and in different ways, I remind some EU leaders that Ukrainian pensioners, our displaced persons, our teachers and other people, who depend on payments from the budget shouldn’t be hostages of their indecision or bureaucracy,” Zelensky said in a video address on Telegram on Thursday.

The EU has suspended the allocation of €8 billion, and this “artificial delay in macro-financial aid for our country is either a crime or a mistake,” he insisted.

The president however did not name the nations responsible for withholding the money, but expressed hope that it’s only a mistake “and it will be corrected.”

Earlier this week, the deputy head of Zelensky’s office, Igor Zhovkva, said that Ukraine has so far received just €1 billion from Brussels, while “some EU countries, including Germany” are blocking the transfer of another €8 billion.

With Kiev unable to patch the holes in its budget due to the fighting and the dire economic situation, the EU promised in May to provide Ukraine with €9 billion in subsidies and low-interest loans by the end of 2022.

Zelensky’s criticism of Ukraine’s Western allies is not new, in March, he demanded that the United States and its allies send more weapons and ratchet up sanctions, portraying some leaders as timid in the face of Russian aggression.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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