To facilitate Ukraine's access to global markets by ensuring smoother transit through EU countries, the EU and Ukraine have extended their Road Transport Agreement until December 31, 2025.
The agreement was signed on 29 June 2022 following Russia's full-scale invasion of Ukraine, with a provision for automatic six-month renewals, unless one of the parties raises an objection at least three months in advance and provides clear evidence of major disruptions to its road transport market.
"This decision became possible due to the effective implementation of the Agreement, its positive economic impact on both parties, and effective monitoring of its enforcement," the Ukrainian Ministry for Communities, Territories and Infrastructure Development stated.
Since the agreement came into force, EU imports from Ukraine by road have increased by 42% in volume and 28% in value, while EU exports to Ukraine grew by 37% in volume and 50% in value. Notably, Ukrainian road exports have substantially increased, resulting in over 200,000 additional tonnes of goods being exported monthly to the EU.
This expansion in trade underscores the agreement's effectiveness in fostering economic cooperation between the EU and Ukraine.
"Road freight transport between Ukraine and the EU is now critical to the economic resilience of our country, as it is by road that we export value-added goods and import essential supplies," said Deputy Prime Minister for Ukraine's Reconstruction and Minister for Communities and Territories Development, Oleksiy Kuleba.
President Donald Trump said U.S. troops will remain stationed in Poland and suggested he is open to expanding the American military presence in the ce...
President Vladimir Putin said in a Press conference on Wednesday, that the fundamentals of Russia's relationship with Azerbaijan remain strong despite...
Turkish President Recep Tayyip Erdoğan outlined Türkiye’s efforts to strengthen ties with Beijing while also pushing forward on global peace and r...
British Prime Minister Keir Starmer defended Deputy Prime Minister Angela Rayner and his government’s handling of borrowing costs during a heated pa...
The United Arab Emirates warned Israel on Wednesday that any annexation of the West Bank would be a red line for Abu Dhabi, threatening to undermine t...
Russia launched a large-scale overnight air attack on Ukraine on September 3, injuring at least four railway workers and damaging key infrastructure, Ukrainian authorities say.
Ukraine’s air defence systems were activated in Kyiv on Wednesday as the capital came under a new Russian air attack. Authorities urged residents to remain in shelters during the strikes.
Turkish President Tayyip Erdoğan said he had discussed possible ways to end the conflict in Ukraine with Russia’s Vladimir Putin during talks in China, and with Ukraine’s Volodymyr Zelenskyy by phone, but noted that the parties were "not yet ready" for a leaders' summit.
Russian President Vladimir Putin said on Tuesday that Moscow had never opposed Ukraine's potential membership of the European Union, and that he thought it was possible to find a consensus on ensuring the security of both Russia and Ukraine.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
The price of gold surged sharply on Wednesday, reaching a new record of $3,530.08 per ounce. Analysts say the rise is driven by expectations of a U.S. Federal Reserve (Fed) rate cut in September and concerns over the central bank’s independence.
The New York Stock Exchange opened sharply lower on 2 September as investors weighed the legality of Donald Trump’s tariffs – a federal appeals court has ruled most of them illegal.
Eurozone annual inflation reached 2.1% in August, up from 2% in July, Eurostat announced on Wednesday.
Kraft Heinz is breaking up into two separate companies a decade after its high-profile merger, aiming to unlock greater shareholder value.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment