Ukraine's Foreign Reserves Grow 1.9% In December 2022

Ukraine’s National Bank has disclosed that despite the war, foreign reserves grew by 1.9% in December 2022, still lower than pre-war level.

Photo Insert: Ukraine's National Bank said foreign reserves reached $28.5 billion as of Jan. 1, 2023, which is lower than the pre-full-scale war number of nearly $31 billion.

The bank said foreign reserves reached $28.5 billion as of Jan. 1, 2023, which is lower than the pre-full-scale war number of nearly $31 billion, Ukraine Daily reported.

Turkey is working to establish a long-term ceasefire in Russia’s full-scale war against Ukraine, Turkish President Recep Tayyip Erdogan’s spokesman Ibrahim Kalin told CNN on Jan. 8, amid reports that Turkey has dispatched armored personnel carriers (APCs) to Ukraine that Kyiv had purchased.

Finnish Defense Minister Mikko Savola said on Jan. 7 that Finland was preparing its 12th package of military aid for Ukraine, without disclosing its content for security reasons.

Finnish weapons are highly regarded in Europe for durability, accuracy and excellent performance during winter. Finland delivered a sharp rebuke for Russia’s illegal war in Ukraine by joining NATO along with Sweden, which fought wars with Russia in alliance with the Mongols.

Italy’s leading newspaper La Repubblica revealed on Jan. 8 that the US had asked Italy to send air defense systems to Ukraine.

US National Security Advisor Jake Sullivan spoke on Jan. 6 with Francesco Talo, an advisor to Italian Prime Minister Giorgia Meloni, asking Rome to supply Ukraine with air defense systems as soon as possible, according to the newspaper.

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