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Newsline: EU top diplomats seeks to keep up support for Ukraine despite economic damage

European Union foreign ministers sought on Monday to show that the bloc can maintain its financial and military support for Ukraine despite the serious inflationary impact on EU economies. The foreign ministers are likely to approve another 500 million euros ($504.35 million) of EU funding to supply arms to Ukraine, taking the bloc’s security support to 2 billion euros since Russia forces swept into Ukraine on Feb. 24. They are also close to agreeing an import ban on Russian gold. “We must support Ukraine,” Swedish Deputy Foreign Minister Robert Rydberg said as he arrived for the meeting. “We are not going to stop supporting Ukraine (or) putting sanctions on Russia,” EU foreign policy chief Josep Borrell, who was chairing Monday’s meeting, told reporters on arrival. (https://finance.yahoo.com/news/eu-seeks-keep-support-ukraine-093824728.html) But after six rounds of EU sanctions on Russia, rising food and energy prices in Europe and a war that neither Ukraine nor Russia can easily win, Borrell said it was becoming harder to keep up the sense of urgency.

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