1. How expensive will the reconstruction of Ukraine be?


2. Boris Rhein is to be elected Prime Minister of Hesse


3.

Inflation not seen since 1974


4. Who should pay for it?


5. The "Colombian Trump" could become president


6. Shanghai relaxes corona measures


7.

The series "Obi Wan" awakens new hope

Daniel Mohr

Editor in the economy of the Frankfurter Allgemeine Sunday newspaper.

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1. How expensive will the reconstruction of Ukraine be?

The EU heads of state and government are struggling in Brussels for a lot of money and the right answer to the Russian aggression.

The rifts in the community run deep.

Today is the second day of the summit.

9 billion euros:

This is how much money Ukraine is supposed to get from the EU this year.

The heads of government agreed on this.

It is unclear how much money will be paid out as a grant and how much as a loan.

Diplomats also point out that the debate about financial support is only a prelude to medium- and long-term reconstruction aid for Ukraine.

The member states want to play “a leading role” in this.

Another aid package worth hundreds of billions, as the EU Commission has in mind, is difficult to imagine.

Many governments are currently struggling with inflation and rising food costs - and their experience in elections is that citizens do not cast their votes for maximum support for Ukraine.

Postponed:

For the time being, this topic can be contained by pointing out that the real financial requirements can only be estimated after the end of the war.

The federal government says that no option is being ruled out, neither a special fund guaranteed by the states, nor an increase in the medium-term financial framework.

However, there should not be any new debt for high grants like the Corona reconstruction fund.

Oil:

In the dispute over Russian oil, the countries were at odds for a long time after four weeks of discussion.

After Hungary's blockade, even a compromise proposal seemed impossible to implement.

Shortly before midnight, the EU states agreed at the summit.

More than two-thirds of Russian oil supplies to the EU are said to be affected by the import ban, as EU Council President Charles Michel announced during a meeting in Brussels on Tuesday night.

The Belgian wrote on Twitter of "maximum pressure on Russia" to end the war against Ukraine.

According to diplomats, the compromise stipulates that, at Hungary's insistence, only Russian oil deliveries by sea will be blocked for the time being.

Transports by pipeline should initially continue to be possible.

more on the subject

FAZ Podcast for Germany: Why we must not get used to the war

2. Boris Rhein is to be elected Prime Minister of Hesse

After almost twelve years in office, Volker Bouffier (CDU) is stepping down today.

When choosing his successor, there must be no dissenters.