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March 31, 2022

Ukraine to hold ‘military-technical’ talks with Turkey

The US intends to provide the Ukrainian government with $500m in direct budgetary aid.

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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Ukraine is set to hold ‘military-technical’ co-operation talks with Turkey, Reuters reported, quoting Ukrainian negotiator David Arakhamia.

The move comes a day after the Ukrainian delegation held peace talks with Russian officials in the Turkish city of Istanbul.

The Ukrainian delegation stayed back in Istanbul to discuss military-technical co-operation with the Turkish Government, the report added.

At the meeting with Russia, Ukraine offered that it would declare neutrality in exchange for security guarantees. On the other hand, Russia said that it will scale back military operations near Kyiv and Chernihiv to build mutual trust between the two sides.

US President Biden Joe Biden spoke with his Ukrainian counterpart Volodymyr Zelenskyy to discuss military and humanitarian aid to Ukraine, and sanctions on Russia.

A White House statement said: “The leaders discussed how the US is working around the clock to fulfil the main security assistance requests by Ukraine, the critical effects those weapons have had on the conflict, and continued efforts by the US with allies and partners to identify additional capabilities to help the Ukrainian military defend its country.”

During the call, President Biden also told President Zelenskyy that the US intends to provide the Ukrainian government with $500m in direct budgetary aid.

Earlier this month, Biden signed an order to enable the transfer of an additional $800m worth of military equipment to Ukraine. The package included tactical uncrewed aerial systems, grenade launchers, rifles, machine guns, small arms, and ammunition.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
by GlobalData
Enter your details here to receive your free Report.

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