The euro is weaker against the dollar and the pound this morning as tensions escalate in the Ukraine conflict.
Today, officials are expected to meet on the Ukraine-Belarus border for negotiations. However, Ukraine’s President Volodymyr Zelensky has said that he doesn’t expect the discussions to yield any results.
The EU has announced that it will welcome Ukrainian refugees for up to three years without any asylum applications. Over 300,000 refugees have already arrived in the EU, escaping war. President of the European Commission, Ursula von der Leyen, said, “We welcome with open arms those who have to flee from Putin’s bombs.”
