Tag: ruble

  • March 31, 2022 UPDATE

    March 31, 2022 UPDATE

    TALKS Romanian Prime Minister Nicolae Ciuca held talks in
    Bucharest with the EU Commissioner for Jobs and Social Rights, Nicolas Schmit.
    The two officials have discussed the EU response to the crisis caused by the
    Russian military aggression in Ukraine. The head of the Romanian executive has
    presented Romania’s strategy for ensuring the country’s energy independence by
    using nuclear energy, building green energy plants and by exploiting the new
    offshore gas deposits. Commissioner Schmit has underlined the effective efforts
    of the Romanian authorities to receive over half a million Ukrainian refugees
    and has voiced the European Commission’s support for the member states enabling
    them to quickly access the funds that are already at the disposal of the member
    states and are to be supplemented.






    AID Romania is ready to lay at
    the disposal of Ukraine the infrastructure in the port of Constanta, so that the
    country may be able to carry on its exports of cereals, as its ports have been
    blocked by the Russian invasion. The statement has been made by Romania’s
    Defence Minister Vasile Dincu, who has also added that talks in this respect
    are underway. The Romanian official has underlined the move represents an
    opportunity for Ukraine to fund its survival. Dincu has also mentioned that
    Romania may also benefit from the move though the country has no issues in this
    respect because it is an exporter of cereals. In another development political
    sources in Bucharest have announced that Ukrainian president Volodymyr Zelensky
    will be addressing the Romanian Parliament on Monday night. Over 86 hundred
    Ukrainian citizens entered Romania on Wednesday night slightly exceeding the
    number of refugees who came to Romania on Tuesday. 600 thousand Ukrainian
    nationals have arrived in Romania since the beginning of the invasion. Most of
    them only transited the country towards Western Europe.






    UNEMPLOYMENT The unemployment rate in Romania stood at 5.7% in
    February, while youth unemployment remains high, tantamount to 22%, according
    to the latest figures published by the National Statistics Institute today.
    Male unemployment is slightly higher than female unemployment, standing at 6.1%
    and 5.1% respectively. The total number of unemployed stood at 468 thousand in
    February. The rate of unemployment for people aged 25-74 stood at 4.6% in
    February, accounting for 76.6% of the total population.








    WAR The
    Ukrainian army is bracing up for a new wave of Russian attacks, Ukrainian
    president Volodymyr Zelensky said on Thursday. Russian offensives are expected
    in eastern Ukraine after they have failed to advance towards capital Kyiv, as
    initially intended. Ukraine has noticed a Russian military buildup in Donbas,
    Zelensky also says. According to Reuters, in five weeks since they started invasion,
    the Russian troops haven’t captured any major city in Ukraine in spite of the sustained
    attacks and heavy artillery fire. Furthermore, the Russians have also suffered
    heavy losses in military personnel and gear. NATO does not believe Russia’s
    pledges to reduce military operations around Kyiv and in the north of the
    country. Its Secretary General, Jens Stoltenberg, believes that Russian troops
    aren’t withdrawing but repositioning and the alliance is expecting more Russian
    attacks. The NATO official has underlined the allies will continue to support
    Ukraine, including with military supplies as long as it is needed. The Russian
    invasion has forced the displacement of nearly a quarter of Ukraine’s population
    and four million have already left the country. Russian president Vladimir
    Putin has signed a decree under which as of April 1st the countries that Moscow
    deems as unfriendly are to set up a special account to transfer their payments,
    which will be further exchanged into rubles. European leaders have rejected paying
    for deliveries in rubles as the contracts stipulate payment in Euros and
    sometimes in dollars. Russia is presently supplying about a third of Europe’s
    gas.








    (bill)