According to the National Bank of Ukraine, the country’s solvent banks made a combined Hr 58.4 billion in net profits from January through October, compared to Hr 39.8 billion in the same period last year.
The banks’ total revenues for the first 10 months of 2021 increased by 4% to Hr 217.8 billion compared to the same period last year. Their expenses fell by 6% to Hr 159.4 billion.
In October alone, banks earned Hr 6.9 billion in net profit. In October of last year, total earnings amounted to Hr 2.2 billion.
Asami Terajima is a reporter at the Kyiv Independent covering Ukrainian military issues, front-line developments, and politics. She is the co-author of the weekly War Notes newsletter. She previously worked as a business reporter for the Kyiv Post focusing on international trade, infrastructure, investment, and energy. Originally from Japan, Terajima moved to Ukraine during childhood and completed her bachelor’s degree in Business Administration in the U.S. She is the winner of the Thomson Reuters Foundation's Kurt Schork Award in International Journalism 2023 (Local Reporter category) and the George Weidenfeld Prize, awarded as part of Germany's Axel Springer Prize 2023. She was also featured in the Media Development Foundation’s “25 under 25: Young and Bold” 2023 list of emerging media makers in Ukraine.
Sources told CNN that U.S. Defense Secretary Pete Hegseth, who currently lacks a chief of staff or senior advisers, believed the move aligned with President Donald Trump's "America First" priorities.
Russia launched another mass missile and drone attack overnight on July 9, targeting Ukrainian cities, including in the country's far-west regions located hundreds of kilometers from the front line.
"With Putin I said, 'If you go into Ukraine, I’m going to bomb the sh*t out of Moscow. I’m telling you I have no choice,'" Donald Trump told a group of donors in 2024, according to CNN.
The European Union is considering establishing a fund for Ukraine worth 100 billion euros ($117 billion) in the next seven-year EU budget, Bloomberg reported on July 8, citing sources familiar with the proposal.
The European Union's 15th, 16th, and 17th packages of sanctions against Russia are now "fully effective in Ukraine," President Volodymyr Zelensky announced on July 8.
The financial hole in Ukraine's budget is linked to reduced U.S. support and the lack of prospects for a swift ceasefire with Russia that Europe had hoped for, the Financial Times reported.
"She is extremely effective and charismatic, but surely every diplomat has a rotation cycle," Foreign Minister Andrii Sybiha said of Ambassador Oksana Markarova.
The 5.7-kilometer deviated well was drilled and commissioned six weeks ahead of schedule as Ukraine works to boost domestic production amid Russian attacks on its energy infrastructure, including gas storage facilities in western Ukraine.
In a statement, the ICC named Taliban supreme leader Haibatullah Akhundzada and Afghanistan's top judge Abdul Hakim Haqqani as suspects in a campaign of systematic oppression targeting women, girls, and others who do not conform to the group's rigid gender ideology.
According to officials familiar with the matter, the Pentagon's munitions tracker showed Patriot interceptor stocks had dipped below acceptable levels. That prompted concerns that sending more to Ukraine could put U.S. defense readiness at risk.
Trump also addressed U.S. legislation on sanctions, saying the Senate's Russia sanctions bill was "totally optional" for him to implement or terminate. "I'm looking at it very strongly," Trump said.
Ukraine's Cabinet of Ministers rejected a nominee to lead the economic crimes agency, drawing swift criticism from lawmakers and businesses over alleged interference in the selection process.
