National Bank of Ukraine in Kyiv (Creative Commons)
The National Bank of Ukraine on Dec. 1 lifted all restrictions on financial institutions linked to the sales of foreign currencies to the public, the central bank announced.
"The de facto existence of such restrictions is one of the reasons for the multiplicity of exchange rates. By lifting them, we have reason to expect that this will allow us to keep the difference between cash and non-cash exchange rates at a minimum," said NBU Governor Andriy Pyshnyy.
In October, the central bank announced it was transitioning to a floating rate system.
Kyiv has sought to defend the hryvnia currency in order to shore up confidence in its banking system.
International donors have already disbursed $35 billion in financial support in 2023.
Lance Luo (Li P. Luo) is a news editor at the Kyiv Independent. Previously, he worked at Radio Free Europe/Radio Liberty and Hromadske Television in Kyiv. He also spent three years in finance and strategy consulting. Mr. Luo graduated from the University of Southern California and serves as an arbitrator at FINRA.
"I won't go into too many details, but today I can congratulate our army first and foremost —all the defense forces — because as of today, 300 (square) kilometers have been liberated," Zelensky told Agence France-Presse.
The Votkinsk Plant is a strategic, state-owned defense enterprise and one of the most important missile factories in Russia. It produces Iskander ballistic missiles — used in attacks against Ukraine — and nuclear-armed intercontinental ballistic missiles.
"We are blocking the €90 billion EU loan for Ukraine until oil transit to Hungary via the Druzhba pipeline resumes," Hungarian Foreign Minister Peter Szijjarto said on Feb. 20.
The Moldovan Police and Ukrainian law enforcement agencies announced a day earlier that they had launched a criminal investigation into an alleged plot to assassinate several public figures in Ukraine. The probe is being carried out by a joint investigative team formed by the two countries.
The Kyiv Independent’s separate analytical unit, KI Insights, is excited to announce the launch of its podcast, Ukraine Insights — a show dedicated to unpacking Ukraine’s politics, security, economy, and international relations through in-depth, expert-driven conversations.
In December 2023, Hlib Benia, a Ukrainian soldier with the 79th Separate Air Assault Brigade, was delivering supplies to his comrades when Russian FPV (first-person view) drones struck. Two of his fellow soldiers were killed. He survived but lost an arm and a leg.
Russian Major General Roman Demurchiyev shared photographs depicting severed human ears and discussed the abuse of Ukrainian prisoners of war (POWs) in private chats, according to a Feb. 19 investigation by "Schemes," the investigative unit of Radio Free Europe/Radio Liberty (RFE/RL).
France will renew its Ukraine Fund after a successful first round, allocating 71 million euros ($84 million) to foster investment from French companies in Ukraine next year.
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