The European commission agreed on an economic and financial aid package for the embattled Ukraine on Wednesday that, if approved, would fast-track the elimination and reduction of duties on Ukraine’s exports of such industrial products as apparel, textiles and footwear to the European Union.
The EC’s offer comes at a tense time between the West and Russia, which increased its military presence in Crimea, a Ukrainian peninsula, after the ouster of Ukrainian President Viktor Yanukovych and raised the stakes internationally as the West scrambled to offer aid to Ukraine and threatened sanctions against what some are calling Russia’s aggression. The U.S. offered an aid package of $1 billion in loan guarantees on Tuesday.
The EC’s package would provide 11 billion euros, or about $15 billion, in financial aid to Ukraine in the form of loans, grants and trade benefits over the next two years, according to EC President José Manuel Barroso, who unveiled the package at a news conference in Brussels.
“The most immediate priority for the EU is to contribute to a peaceful solution to the current crisis, in full respect of international law,” said Barroso. “In parallel, the international community should mobilize to help Ukraine stabilize its economic and financial situation. The European Commission is proposing today a package designed to assist a committed, inclusive and reforms-oriented government in rebuilding a stable and prosperous future for Ukraine.”
Barroso said the broad package would be coordinated with the European Bank for Reconstruction and Development and the European Investment Bank. In addition, some of it would be contingent on Ukraine signing an International Monetary Fund loan package. On the trade front, Ukraine exported 474 million euros, or $651 million, worth of apparel, textiles, footwear and accessories to the EU in 2012, based on the latest figures available.
Under the proposed aid package, which will be presented to the EU heads of state and government at a meeting in Brussels on Thursday, the EC said it was ready to offer “the early application” of the duty reductions and tariff rate quotas embedded in the EU-Ukraine Deep and Comprehensive Free Trade Area deal, which has not yet been signed or implemented.
“What he has done at Vuitton is really exceptional,” said @gameofthrones’ actress Gwendoline Christie on @mrkimjones’ final show for @louisvuitton. “He has rebooted luxury in terms of making it commercial, viable and contemporary. And most importantly artistic. He has never compromised his artistic vision for the sake of commodity.” (📷: @zefashioninsider)
After seeing a demand for men’s wear from its customers, British contemporary women’s wear label @ariesarise has added a men’s wear component and will launch a unisex collection with @mrporterlive. The 20-piece collection includes jackets, denim, logo T-shirts and more with deconstructed ‘90s vibes. Set to launch on January 18, you can shop the pieces on Aries’ website and on mrporter.com. #wwdfashion
“And so spending so much time with a character who thinks like that, inevitability you try and analyze yourself and go back and think about your own demons and dark chapters that you had in your life,” says @thedanielbruhl of his role in TNT’s “The Alienist.” The show, set in the Gilded Age of New York, also stars Dakota Fanning and Luke Evans. Head to WWD.com to read about how 39-year-old Brühl prepared for the role and why he thinks the show is so relevant to today #wwdeye ( 📷: @Eriktanner)
Now that Celine Dion’s collection has topped $10 million in sales, the pop superstar, fashion icon and newly-minted industry player is eyeing growth in Asia. Read the full report by @tiffanyap, link in bio. #wwdnews #celinedion
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
Among the familiar faces at @off____white’s show was a surprise figure: Japanese artist @takashipom, pictured here on Wednesday morning. Other show-goers included @jerrylorenzo, who spoke about his upcoming project: a @nike collaboration for back to school, with designs inspired by his childhood on the West Coast. Sitting in the front row were Future, Don Crawley, @miguel and more. See the rest of the photos on WWD.com #wwdeye (📷: Stephane Feugere)
According to @laurentsai, former “Terrace House: Aloha State” cast member, she didn’t know she was auditioning for the Japanese version of “Real World.” “I was telling a couple of my friends and someone’s like, ‘That sounds a lot like Terrace House.’ I was like, ’No it can’t be.’” Turns out, it was. But Tsai isn’t just a reality star — she’s an illustrator who has worked with Starbucks Japan and most recently, she’s dipping her toes into the fashion world. Head to WWD.com to read about her time on the show, modeling and her art. #wwdeye (📷: @danieldorsa)
More changes are coming to New York Fashion Week: Beginning with the spring 2019 collection, @alexanderwangny will move his New York show to June from September, adopting a biannual schedule with collections shown in June and December. Additionally, the @cfda is planning for an official summer/winter fashion season taking place as soon as June and December 2018. Read more about the upcoming changes on WWD.com. #wwdnews #wwdfashion (📷: @slovekinpics)