Central Bank Steps In to Support Hryvnia

(Bloomberg) — The National Bank of Ukraine stepped up market interventions to support the hryvnia straight after relaxing the currency’s peg to the dollar for the first time since Russia invaded last year.

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After President Joe Biden reassured allies on Tuesday that US support for Ukraine would continue, UK Defence Secretary Grant Shapps told Bloomberg TV that he would work with NATO allies and other world leaders on ensuring aid still flows to Ukraine.

Leaders from nearly 50 European countries will try to show unity in support of Ukraine when they gather later this week in Spain, even as concerns are mounting over the reliability of US funding and a new potential ally of Moscow on the continent after Robert Fico, a candidate sympathetic to Russia, won Slovakia’s election.

Latest Coverage

  • Ukraine Central Bank Gets Active in FX Market After Relaxing Peg

  • UK Will Work With NATO Allies on Aid to Ukraine, Shapps Says

  • Russia Says Thwarted Drones Over Regions Bordering Ukraine

  • Europe Leaders Seek Show of Unity Against Russia: What to Watch

  • Ukraine’s Grain Exports Shouldn’t Break EU Solidarity: Editorial


Oil remained under pressure after a widespread selloff in global financial markets, even as Saudi Arabia and Russia reaffirmed that they will continue output curbs until the end of the year.

Coming Up

  • EU leaders at European Political Community meeting in Granada, Spain, on Thursday

  • EU leaders take part in informal EU summit in Granada on Friday

  • Nobel Peace Prize awarded by Norwegian Nobel Institute on Friday

  • NATO’s Parliamentary Assembly in Copenhagen starting Friday

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