Ukraine’s substantial forex increase is attributed to the financial support received from Western partners. Pyshnyi hailed this achievement as a major success for Kyiv, particularly in light of Russia’s large-scale invasion. He emphasized that the robust reserves strengthen the National Bank’s ability to maintain Ukraine’s exchange rate stability. With this strategy, they will provide economic reassurance in a time of conflict.
Praise for Macroeconomic Stability Amid Ukraine Military News
Despite enduring over 16 months of war, the Ukrainian government and central bank have received accolades from Western lenders. Ukraine proved the effectiveness of their policies in maintaining macroeconomic and currency stability. This commendation is significant, considering the challenging circumstances the country has faced. The Finance Ministry’s data reveals that Western Ukraine has already received $23.6 billion in financial support from Western sources this year, highlighting the international community’s commitment to Ukraine’s economic resilience.
June Boost in Financial Assistance from Western Partners
In June alone, the Ukrainian government received substantial financial aid from various sources. The European Union contributed $1.6 billion. The United States, on the other hand, shared $1.2 billion from their side. Besides, additional funds were received from institutions such as the International Monetary Fund, the World Bank, and the Finnish government. This further strengthens Ukraine’s financial position and demonstrates the solidarity of its Western partners.
US Administration Considers Providing Cluster Munitions to Ukraine
The Biden administration is currently weighing the option of supplying cluster munitions to Ukraine, according to White House spokesperson Andrew Bates. Although the idea is under “active consideration,” no official announcement has been made regarding this matter. This development comes amid ongoing discussions on how best to support Ukraine’s peace deal against Russian aggression.
SAD Forms Sub-Committee on Uniform Civil Code
The Shiromani Akali Dal (SAD) has formed a sub-committee to gather views on the proposed Uniform Civil Code (UCC) and prepare a case for submission to the Law Commission. The party’s constituency in-charges and district presidents made the decision during the SAD meeting. The four-member sub-committee comprises Prem Singh Chandumajra, Mahesh Inder Singh Grewal, Sikandar Singh Maluka, and Daljit Singh Cheema. The SAD aims to engage constitutional experts, intellectuals, and Sikh community leaders to assess the potential impact of implementing a UCC, which aims to establish a common set of laws applicable to all Indian citizens, regardless of religion or local customs.
SAD Opposes Sikh Gurdwaras (Amendment) Bill, 2023
During the party meeting, the Shiromani Akali Dal expressed its opposition to the Sikh Gurdwaras (Amendment) Bill, 2023, considering it a direct interference in Sikh religious affairs. The party deemed the amendment in the bill as “illegal and unconstitutional”. It warned the Punjab government led by AAP not to provoke the sentiments of the Sikh community through such actions. The SAD firmly believes that the implementation of the Uniform Civil Code would negatively impact minority and tribal communities, advocating for the protection of their interests.
