Tuesday, July 12. Russia’s War On Ukraine: News And Information From Ukraine

Business Tuesday, July 12. Russia’s War On Ukraine: News And Information From Ukraine Katya Soldak Forbes Staff Forbes Ukraine Forbes Staff Jul 12, 2022, 04:03pm EDT | Share to Facebook Share to Twitter Share to Linkedin In this image provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr . .

. [+] Zelenskyy, left, and Defense minister of Poland Mariusz Blaszczak shake hands during their meeting in Kyiv, Ukraine, Tuesday, July 12, 2022. (Ukrainian Presidential Press Office via AP) Associated Press Dispatches from Ukraine, provided by Forbes Ukraine’s editorial team.

As Russia’s invasion of Ukraine continues and the war rages on, reliable sources of information are critical. Forbes Ukraine’s reporters gather information and provide updates on the situation. Tuesday, July 12.

Day 139. Mykolaiv. As a result of Russian rocket strikes on the city of Mykolaiv, which hit a residential building and two medical facilities, at least 12 people have been injured, according to Mykolaiv regional governor Vitaliy Kim.

Kharkiv. Five people have been hospitalized as a result of Russian shelling in the Kharkiv region, reports Kharkiv governor Oleh Synyehubov. Chasiv Yar.

According to the SES of Ukraine, the number of bodies rescued from under the ruins of a residential building in the city of Chasiv Yar, Donetsk region, has once again risen, bringing the total number of known casualties up to 45. Turkish Defence Minister, Hulusi Akar, has announced that delegations from Ukraine, Russia and Turkey will meet U. N.

officials in Istanbul on Wednesday to discuss a possible deal to resume the safe export of Ukrainian grain from the major Black Sea port of Odesa as a global food crisis worsens. While representatives of the sides involved are expressing cautious optimism, a breakthrough is unlikely to happen as Ukraine has placed security guarantees front and center in the discussion, fearing that Russia could exploit a possible demilitarized zone in the sea to put pressure on Southern Ukrainian ports. MORE FROM FORBES VETTED The Best Women’s Perfumes In Every Scent—Floral, Citrus, Musk And More By Jennifer Ford Forbes Staff The 15 Best Cameras For Everyone—From Beginners To Pro Photographers By Dave Johnson Forbes Staff According to a representative of the European Commission, the EU is preparing to authorize the second part of a previously agreed upon package of financial aid to Ukraine.

This second package consists of up to $8 billion in funding and would be of tremendous help to the war-torn country as its economy struggles with adapting to the realities of wartime. Didier Reynders, the European Commissioner for Justice, has stated that EU member states are expected to agree on the legal framework for seizing frozen Russian assets and using them to aid in the post-war rebuilding of Ukraine in October. According to him, the bloc has currently frozen Russian assets worth €13.

8 billion, not counting the frozen assets of the Russian Central Bank. The Ukrainian state oil and gas company, Naftogaz of Ukraine, has asked eurobond holders to defer payments on them for two years. Through the issuer of its eurobonds, Kondor Finance plc.

has approached the holders of securities in the amount of around $1. 5 billion with a proposal to defer coupon payments on them for two years, including postponing the repayment of 2022 eurobonds for $335 million for the same period. “In light of the protracted circumstances affecting Ukraine as a result of Russia’s ongoing full-scale military intervention and its impact on Ukraine’s energy security, the issuer, at the request of the borrower, has initiated this consent request in order to obtain the approval of the noteholders to facilitate the borrower’s retention of available cash to support Ukraine’s strategic priorities,” reads the stock report published by the company.

According to Olympic Committee (IOC) member Craig Reedie, athletes from Russia and Belarus may not be allowed to compete at the Paris 2024 Games due to Moscow’s invasion of Ukraine. The IOC issued guidance to sports’ governing bodies in February to remove the two countries’ athletes from competition. “A decision is going to have to be taken on what happens to each of these two countries, and my guess is that the general feeling would be that they should not qualify,” former IOC vice-president Reedie told British media.

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