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EU grants candidate status to Ukraine as US ships weapons

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France’s President Emmanuel Macron (L), President of the European Council Charles Michel (C) and President of the European Commission Ursula von der Leyen (R) attend a press conference during an European Council in Brussels on June 23, 2022. JOHN THYS / AFP

European Union leaders granted candidate status Thursday to Ukraine and Moldova in a strong show of support against Russia’s invasion, as the United States said it was sending Kyiv more high-precision rocket systems.

The West’s latest attempts to rally behind Ukraine came as Russia closed in on key cities in the country’s embattled east and prompted growing global concerns with restrictions in gas and grain exports.

Ukraine’s President Volodymyr Zelensky hailed the EU decision on his country and Moldova as “a unique and historic moment”, although the two former Soviet republics face a long path before joining the bloc and its benefits of free movement and a common market.

“Ukraine’s future is within the EU,” said Zelensky, who had been working the phones for weeks.

“We will win, rebuild, enter the EU and then will rest. Or probably we will not rest.”

French President Emmanuel Macron said that the decision by EU leaders sent a “very strong signal” to Russia that Europeans support the pro-Western aspirations of Ukraine.

President Vladimir Putin had declared Ukraine to be part of Moscow’s sphere and insisted he was acting due to attempts to bring the country into NATO, the Western alliance that comes with security guarantees.

European powers before the invasion had distanced themselves from US support for Ukraine’s NATO aspirations and EU membership is at least years away.

Ukraine and Moldova will have to go through protracted negotiations and the European Union has laid out steps that Kyiv must take even before that, including bolstering the rule of law and fighting corruption.

Weapons to fight Russian gains

The White House announced that it was sending another $450 million in fresh weapons to Ukraine including new High Mobility Artillery Rocket systems, which have been at the top of Kyiv’s wish list.

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The so-called Himars system can simultaneously launch multiple precision missiles at an extended range.

An initial four units have already been delivered, with Ukrainian soldiers being trained to operate the equipment, after President Joe Biden’s administration said Kyiv had offered assurances it would not fire into Russia.

Ukraine’s needs have been increasingly urgent as Russia — which failed to take Kyiv immediately after invading on February 24 — advances in the east, tightening its grip on strategically important Severodonetsk and its twin city Lysychansk across the Donets river.

Taking the cities would give Moscow control of the whole of Lugansk, allowing Russia to press further into the Donbas region and potentially farther west.

Ukraine acknowledged Thursday that it had lost control of two areas from where it was defending the cities, with Russian forces now closer to encircling the industrial hubs.

Britain’s defence ministry said some Ukrainian units had probably been forced to withdraw “to avoid being encircled”.

“Russia’s improved performance in this sector is likely a result of recent unit reinforcement and heavy concentration of fire,” it said in its latest intelligence update.

A representative of pro-Russian separatists in Ukraine told AFP the resistance of Ukrainian forces trying to defend Lysychansk and Severodonetsk was “pointless and futile.”

“At the rate our soldiers are going, very soon the whole territory of the Lugansk People’s Republic will be liberated,” said Andrei Marochko, a spokesman for the army of Lugansk.

The Russian army also said Thursday that its bombings in the southern city of Mykolaiv had destroyed 49 fuel storage tanks and three tank repair depots, after strikes killed several Ukrainian troops Wednesday.

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‘Only grannies left’

The northeastern city of Kharkiv near the Russian border was nearly empty on Wednesday, AFP reporters said, a day after shelling by Moscow’s forces killed five people there.

“Last night the building next to mine collapsed from the bombardment while I was sleeping,” said Leyla Shoydhry, a young woman in a park near the opera house.

Roman Pohuliay, a 19-year-old in a pink sweatshirt, said most residents had fled the city.

“Only the grannies are left,” he said.

In the central city of Zaporizhzhia, women were training to use Kalashnikov assault rifles in urban combat as Russian forces edged nearer.

“When you can do something, it’s not so scary to take a machine gun in your hands,” said Ulyana Kiyashko, 29, after moving through an improvised combat zone in a basement.

‘Weaponising’ grain and gas

Western officials have also accused Russia of weaponising its key exports of gas as well as grain from Ukraine, contributing to global inflation and rising hunger in the world.

“We are very clear that this grain crisis is urgent, that it needs to be solved within the next month,” British Foreign Secretary Liz Truss said on a visit to Turkey.

“Otherwise we could see devastating consequences,” she said.

Ukraine’s Foreign Minister Dmytro Kuleba urged African nations to pressure Russia for a safe route for grain.

“African capitals matter and they do influence Russia’s position,” he told African journalists.

A US official warned of new retaliatory measures against Russia at the Group of Seven summit being attended by Biden in Germany starting Sunday.

Germany ratcheted up an emergency gas plan to its second alert level, just one short of the maximum that could require rationing in Europe’s largest economy, after Russia slashed its supplies.

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“Gas is now a scarce commodity,” Economy Minister Robert Habeck told reporters, urging households to cut back on use. Demand for gas is lower in the summer but shortages could cause heating shortages in the winter.

France is aiming to have its gas storage reserves at full capacity by early autumn, and will build a new floating methane terminal to get more energy supplies by sea, Prime Minister Elisabeth Borne said.

A Kremlin spokesman reiterated its claim that the supply cuts were due to maintenance and that necessary equipment from abroad had not arrived

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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