Free Trial

Foreign Min Calls For Using Profits From Russian Sovereign Assets To Fund Ukraine's Defence

POLAND
  • Foreign Minister Radoslaw Sikorski told reporters after yesterday's summit with his colleagues from across the EU that the bloc has made a "political decision" to use the proceeds on frozen Russian sovereign assets to support Ukraine. Sikorski said that in his view, the money should be used now to help Ukraine fund its military expenses and repel the aggression rather then in the future for post-war reconstruction.
  • Former MPC member Lukasz Hardt told money.pl that Poland had a problem with demand-driven inflation even before the COVID-19 pandemic and the NBP should have started communicating readiness to raise interest rates back then. Hardt was appointed to the MPC by President Andrzej Duda for 2016-2022.
  • Poland's top military commander Wieslaw Kukula said that "to put it bluntly, Russia is preparing for a conflict with NATO, with full awareness that it is a defensive alliance." He flagged ongoing work on improving defence capabilities and building the ability to maintain military potential and readiness amid long-term pressures.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.