Ukraine

The EU disbursed its first EUR 3 bln tranche of a loan to Ukraine, backed by interest earned on frozen Russian assets. Meanwhile, the FT cited EU officials stating that the Trump administration is reviewing its approach to Ukraine and intends to continue providing financial assistance even after taking power on January 20. Analysts at the Atlantic Council have noted that three years into the conflict in Ukraine, the Russian economy is now experiencing the full impact of economic sanctions, which will lead to additional strain on Moscow.