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Ukraine's central bank holds rate steady despite falling inflation
The National Bank of Ukraine voted to keep its benchmark interest rate unchanged at 15.5%, amid steep uncertainty over the country's financing next year.
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Thursday, December 11
Poland detains Russian archaeologist accused of damaging cultural sites in occupied Crimea
Polish authorities have detained Alexander Butyagin, a Russian archaeologist accused of causing extensive damage to historical sites in occupied Crimea, at the request of Ukraine's prosecutor general, Polish media reported Dec. 11.
Mirage of energy sanctions against Russia
About the author: Edward C. Chow is a non-resident senior associate at the Center for Strategic and International Studies in Washington, D.C. Economic sanctions, by themselves, have never stopped wars once they started. Otherwise, the United States did not have to use military force in 1991 to evict Saddam Hussein from Kuwait after he invaded it in 1990, though Iraq was sanctioned by the United Nations Security Council. Nor do they prevent aggression. The U.S. applied economic sanctions, incl
Ukraine war latest: National Guard soldier killed, 4 injured in Kyiv explosions classified as terrorist attack
Hello, this is Kateryna Hodunova reporting from Kyiv on day 1,387 of Russia's full-scale invasion of Ukraine. Today's top story: The Kyiv City Prosecutor's Office said it has classified two explosions that killed one person and injured four others in Kyiv on Dec. 11 as a terrorist attack, the office said in a statement. The blasts occurred in Kyiv's Darnytskyi district, killing a National Guard soldier. Another National Guard soldier and a security guard were injured. The first explosion wen
Europe's dilemma: Supporting Trump's Ukraine peace plan while hoping he walks away
U.S. policy choices are forcing Europe into a strategic moment it long tried to avoid. As Washington sidelines allies, rewrites its National Security Strategy, and negotiates peace proposals for Ukraine, the foundations of the continent's security are shaking. For many in European capitals, the realization is sinking in: Europe may soon need to protect itself in ways it has never had to since World War II. Experts say the understanding is already there. What's missing is unity — and time. "T
Ukraine, EU agree to advance technical side of accession talks as Hungary blocks formal launch
The European Commission and Kyiv have agreed on a 10-point action plan to tackle corruption and strengthen democratic institutions in Ukraine as part of its path to membership, EU Enlargement Commissioner Marta Kos announced.
Europe's drive to bolster Ukraine faces two obstacles — Trump and Orban
As the U.S. ramps up pressure on Ukraine to accept a swift and potentially painful peace deal with Moscow, European allies seek to reassure Kyiv it is not alone. For the EU, Ukraine is not merely a strategic partner standing between the bloc and Russian armies — it is also a future member. Top European officials met in the western Ukrainian city of Lviv on Dec. 10-11 to advance Ukraine's EU accession and reaffirm their support. But beneath the EU's confident tone, major obstacles persist — mo
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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.
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Protesters recorded a video appeal to Russian President Vladimir Putin, saying the removal of support would leave them unable to survive financially.
