cross-posted from: https://sh.itjust.works/post/37536459

Exclusive: Ukraine considers shift from dollar to euro amid geopolitical realignments

Ukraine is starting to consider a shift away from the U.S. dollar, possibly linking its currency more closely to the euro amid the splintering of global trade and its growing ties to Europe, Central Bank Governor Andriy Pyshnyi told Reuters.

Potential accession to the European Union, a "strengthening of the EU's role in ensuring our defense capabilities, greater volatility in global markets, and the probability of global-trade fragmentation," are forcing the central bank to review whether the euro should be the reference currency for Ukraine's hryvnia instead of the dollar, Pyshnyi said in emailed remarks.

A senior Russian official reiterated Russian President Vladimir Putin's insistence that negotiations with Ukraine must be based on the same uncompromising demands he made before the full-scale invasion and at the moment of Russia's greatest territorial gains, despite the fact that Ukraine has liberated a significant amount of territory since then. Russian Federation Council Speaker Valentina Matviyenko stated on December 24 that Russia is open to compromise in negotiations with Ukraine, but that Russia will strictly adhere to the conditions that it laid out during negotiations in Istanbul in March 2022, when Russian troops were advancing on Kyiv and throughout eastern and southern Ukraine.[1] Matviyenko added that Russia would not deviate from these conditions by "one iota."[2] The partial agreement that emerged during the Ukraine-Russia negotiations in Istanbul in March 2022 stated that Ukraine would be a permanently neutral state that could not join NATO, and imposed limitations on the Ukrainian military similar to those imposed by the Treaty of Versailles on Germany after World War I, restricting Ukraine's Armed Forces to 85,000 soldiers.[3] Russia's demands at Istanbul were mainly more detailed versions of the demands that Putin made in the months before he launched the full-scale invasion in February 2022, including Ukraine's "demilitarization" and neutrality.[4] Matviyenko is reiterating Putin's demand from his annual Direct Line televised press conference on December 19, and more senior Russian officials are likely to make similar claims to domestic and foreign audiences in coming weeks.[5] ISW continues to assess that senior Russian officials' references to conditions Putin attempted to impose on Ukraine when he believed his full-scale invasion could succeed in a few days in 2022 reflects his projected confidence that he can completely defeat Ukraine militarily despite the tremendous setbacks Ukraine has inflicted on Russian forces since then.

The insurgents claimed on their Military Operations Department channel on the Telegram app Thursday that they have entered Hama and are marching toward its center.

“Our forces are taking positions inside the city of Hama,” the channel quoted a local commander identified as Maj. Hassan Abdul-Ghani as saying.

The Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said gunmen have entered parts of the city, mainly the neighborhoods of Sawaaeq and Zahiriyeh to the northwest. It added that gunmen are also on the edge of the northwestern neighborhood of Kazo.

“If Hama falls, it means that the beginning of the regime’s fall has started,” the Observatory’s chief, Rami Abdurrahman, told The Associated Press.

Hama is a major intersection point in Syria that links that country’s center with the north as well the east and the west. It is about 200 kilometers (125 miles) north of the capital, Damascus, Assad’s seat of power. Hama province also borders the coastal province of Latakia, a main base of popular support for Assad.