05:05 GMT. Cloudy forecasts for Ukraine, down for the zone, according to the EBRD.
The European Development Bank (EBRD), which is holding its annual general meeting this week, has sharply worsened its economic contraction forecast for Ukraine, with the Russian invasion also leading to a downward revision across its entire zone.
It now expects a brutal contraction of 30% of the Ukrainian economy this year instead of 20% expected in its March forecasts, at the very beginning of the Russian offensive.
The international organization also still anticipates a 10% contraction of the Russian economy, targeted by a series of sanctions, and because of the cost of its war in Ukraine.
The EBRD is also revising its growth forecast for its entire zone downwards to 1.1% against 1.7% in its March forecast.
After a sharp contraction in the economy of the countries covered by the European finance institute in 2020 due to the pandemic, then a sharp rebound last year with the post-covid recovery, “the war in Ukraine has had a profound impact on economies” of the area, according to a press release on Tuesday May 10.
The downward revision of the regional forecast is due “mainly to a stronger than expected contraction of the Ukrainian economy due to the ongoing war”adds the EBRD.
04:50 GMT. In Ukraine, fighting is intensifying in the east and south.
Fighting is intensifying in southern and eastern Ukraine, where US arms shipments are expected to ramp up after Joe Biden reactivated an iconic device from World War II.
Missiles also targeted the Odessa region, the Ukrainian army counting seven strikes and deploring one dead and five wounded. The President of the European Council Charles Michel, on a surprise visit to this large southern city on Monday May 9, was forced to take shelter.
“You are not alone. The EU is on your side” facing the“assault” Russian, said Charles Michel alongside Ukrainian Prime Minister Denys Chmygal. “We will be with you as long as it takes”he continued.
Moreover, the Russians “continue to prepare offensive operations in the Lyman and Severodonetsk regions”in Donbass (east), announces this Tuesday May 10 in the morning the Ukrainian staff, adding that artillery fire and air strikes continued on the Azovstal steelworks in Mariupol.
“Very intense battles were taking place around Rubizhne and Bilogorivka” in the Lugansk region (east), indicated the day before the governor Serguiï Gaïdaï.
The Ukrainians can count on American military aid which has already amounted to some 3.8 billion dollars since the beginning of the conflict.
00:03 GMT. France and Mexico are calling for a meeting on Thursday of the UN Security Council.
The UN Security Council is expected to hold another public meeting on Thursday, May 12, on the war waged by Russia against Ukraine, in view of “the continuing deterioration of the humanitarian situation”diplomats said.
Requested by France and Mexico, this session will be the 16th of the Security Council since the Russian invasion of February 24.
The organization, at least once a week, of a meeting of the Security Council on the war in Ukraine makes it possible to maintain the pressure on Russia and its isolation on the international scene, want to believe several countries, in particular Westerners.
For Thursday, France and Mexico have requested briefings from the UN Department of Humanitarian Affairs (Ocha) and the United Nations Children’s Fund (Unicef), a diplomat said.
This meeting will come after the bombing this weekend of a school in eastern Ukraine, in which 60 civilians were killed, according to kyiv.
It will be held on the same day as an extraordinary session in Geneva of the UN Human Rights Council, requested by Ukraine, on “the deterioration of the human rights situation in Ukraine”.
10:08 p.m. UT. Joe Biden reactivates a Roosevelt device for Ukraine.
In a historically charged response to the May 9 military parade in Moscow, Joe Biden signed legislation to expedite the shipment of military equipment to Ukraine, reactivating an iconic device dating from World War II.
“Ukrainians are fighting for their lives every day”he told reporters in the Oval Office, adding: “This fight is expensive, but giving in to aggression would be even more expensive.”
Ukrainian President Volodymyr Zelensky saw in this signature a “historic milestone”: “I am convinced that we will win again together. And we will defend democracy in Ukraine. And in Europe. Like 77 years ago”he wrote on Twitter.
Thankful to @POTUS and people for supporting in the fight for our freedom and future. Today’s signing of the law on Lend-Lease is a historic step. I am convinced that we will win together again. And we will defend democracy in Ukraine. And in Europe. Like 77 years ago.
— Володимир Зеленський (@ZelenskyyUa) May 9, 2022
the “Ukraine Democracy Defense Lend-Lease Act“, or law of “lend-lease”is “based on a World War II program designed to help Europe resist Hitler”.
The text “was supported by nearly every member of Congress” American, with the exception of 10 elected House of Representatives who voted against, noted the White House.
The US executive also reports that the law was enacted as Russia on Monday marks the anniversary of the 1945 victory over Nazi Germany.
9:10 p.m. UT. Special Pulitzer Prize for Ukrainian Journalists.
Ukrainian journalists are awarded a special Pulitzer Prize for their “courage” in the coverage of the invasion of their country by Russia, announced the association of the most prestigious awards of the American press.
Marjorie Miller, the Pulitzer Prize representative, hailed the “courage, endurance and commitment of journalists from Ukraine to report the truth during (Russian President) Vladimir Putin’s ruthless invasion of their country and his propaganda war in Russia”.
“Despite bombings, kidnappings, occupation and even deaths in their ranks, (Ukrainian journalists) have persevered to provide an accurate picture of a terrible reality, bringing honor to Ukraine and to journalists around the world “judged Marjorie Miller who was speaking at a ceremony to award these prizes in New York.
According to the Committee to Protect Journalists (CPJ), an international NGO based in New York, seven journalists — including three Ukrainians — have been killed in Ukraine while covering the war against Russia since February 24 and the association investigation into the deaths of five other Ukrainian journalists to confirm that their deaths are indeed related to the exercise of their profession.
8:42 p.m. Emmanuel Macron dampens Ukraine’s hopes of rapid accession to the EU.
Emmanuel Macron warned that a possible accession of Ukraine to the EU would take “decades” and offered pending entry into a new set, a “European political community”which is also likely to welcome countries such as the United Kingdom.
This idea, which German Chancellor Olaf Scholz deemed “very interesting” during a meeting between the two leaders in Berlin, is however likely to create fears and frustrations among the already declared or potential candidates for European membership.
The French head of state unveiled it during his first speech on Europe since his re-election, delivered in Strasbourg.
This “European political community”the contours of which Emmanuel Macron clarified in the wake of a joint press conference in Berlin with Olaf Scholz, could offer a “another form of cooperation“, he said.
This organization “would allow democratic European nations adhering to our core values to find a new space for political cooperation, security, cooperation”he explained.
8:31 p.m. Vladimir Putin is in “denial”, according to the head of French diplomacy.
Russian President Vladimir Putin is “in denial” and in a “completely revisionist justification” of the war in Ukraine, said Monday the head of French diplomacy Jean-Yves Le Drian on BFMTV.
In a speech to celebrate the anniversary of the 1945 victory over Nazi Germany, the Russian president said on Monday that his army was fighting in Ukraine to defend “the homeland” facing a “unacceptable threat”.
“It’s a kind of confinement of Putin in the war”, said Jean-Yves Le Drian. The Russian President “is in denial. He is in the completely revisionist justification of the motives for war. He has a discourse of denial and reversal of responsibility”he insisted.
“There’s nothing new” after the speech of the Russian president during the military parade on Red Square in Moscow, said Jean-Yves Le Drian.
“Russian aggression continues, the war continues, the war objectives are the same, whether it is the neutralization of Ukraine, its demilitarization, its denazification, the recovery of territories… It has not changed”said the French minister.
8:23 p.m. Emmanuel Macron and Olaf Scholz support Ukraine in front of the Brandenburg Gate.
Emmanuel Macron and Olaf Scholz displayed their “full support” to Ukraine on Monday evening May 9 by going together under the Brandenburg Gate in Berlin, a symbol of the Cold War and illuminated for the occasion in the colors of the country invaded by Russia.
“Full support for Ukraine”said the French head of state, approaching on foot alongside the German chancellor of around 200 people massed behind cords, and when asked what message the two leaders wanted to send with their approach.
Some of the members of the public who came to the scene were draped in the colors of Ukraine and shouted “Mariupol”the southeastern city largely destroyed by the Russian army.
8:11 p.m. Ukrainians were “sent against their will to Russia”, according to the Pentagon.
Ukrainians have been “sent against their will to Russia”Pentagon spokesman John Kirby said Monday, May 9, confirming information from Ukrainian authorities.
“We don’t have numbers but we have seen signs of Ukrainians being taken from Ukraine to Russia”said John Kirby, questioned during a press briefing on the assertions of the Ukrainian government according to which 1.2 million people were thus deported to Russia and placed in camps.
“I don’t know how many camps there are or what they look like”the spokesperson added. “But we do have information that Ukrainians are being sent against their will to Russia”.
Russia’s behavior is “inadmissible” and “is not that of a responsible power”added John Kirby, believing that Russian President Vladimir Putin “simply does not accept and respect the sovereignty of Ukraine”.
According to a Ukrainian government official, Lyudmila Denisova, quoted by the official communication center Spravdi, “more than 1.19 million of our citizens, including more than 200,000 children, have been deported to the Russian Federation”.
We wish to thank the writer of this write-up for this amazing web content
DIRECT – Ukraine: the fighting intensifies, Joe Biden reactivates a Roosevelt device for Ukraine