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World Business Report: First broadcast 24/01/2022 15:32 GMT : European Commission announces Ukraine financial aid

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Picture: Ursula von der Leyen speaks about Ukraine. Picture credit: Getty Images.

First broadcast 24/01/2022 15:32 GMT 

First broadcast 24/01/2022 15:32 GMT : European Commission announces Ukraine financial aid

European Commission announces Ukraine financial aid

BBC World Service - World Business Report, European Commission announces Ukraine financial aid

The EU Commission president has announced $1bn in financial assistance for Ukraine

The EU Commission president has announced $1bn in financial assistance for Ukraine.

The EU Commission president has offered $1.3bn in financial assistance for Ukraine. Ursula von der Leyen's announcement came as NATO put forces on standby and Britain and the US withdrew diplomats from Ukraine, as the threat of a potential Russian invasion continues. We assess Russia's position in the dispute with Chris Weafer, who is chief executive of the Moscow-based economic consultancy Macro Advisory, and we get wider context from Georg Zachmann of the Bruegel think tank. Also in the programme, the Australian mining giant Fortescue Metals has bought the battery and technology arm of the Williams Formula One racing team. Craig Williams is chief executive of Williams Advanced Engineering, and tells us what makes the organisation attractive. Plus, Google is facing concerns from Germany's largest publishers and advertisers, which are asking the EU to intervene over the search giant's plan to stop the use of third-party tracking cookies in its Chrome web browser. Javier Espinoza from the Financial Times brings us the background.

Today's edition is presented by Rahul Tandon, and produced by Nisha Patel, Tom Kavanagh and Sara Parry.

(Picture: Ursula von der Leyen speaks about Ukraine. Picture credit: Getty Images.)

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First broadcast 24/01/2022 15:32 GMT : European Commission announces Ukraine financial aid

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