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.
The Air Force said Russia attacked Ukraine with 107 drones, including Shahed-type drones, Gerbera drones, and decoys. Sixty-three of the drones were jet-powered.
"Russia attacks Ukrainian ports, blocks Ukraine's grain exports, and then looks for new routes for its own grain," Estonian Foreign Minister Margus Tsahkna said on X. "Estonia will not provide one."
Kyiv fears that once Russia completes the satellite constellation, Moscow could use the network to obtain real-time information for strikes against Ukraine.
Ye, the controversial U.S. rapper formerly known as Kanye West, had been scheduled to play two shows in St. Petersburg in October — which would have made him the biggest Western artist to perform in Russia since the full-scale invasion of Ukraine in 2022.
Air raid sirens blared over Kyiv for over 20 hours on Sept. 30, one of the longest sustained attacks the capital has faced since the start of the full-scale war.
Four people were attempting to leave the town when they stepped on a mine and were injured, while a man collecting nuts was killed by another mine, the local military administration said.
The warhead was designed to destroy high-voltage pylons and steel bridges and contains a 40-kilogram main charge and four additional destructive modules, Serhii Beskrestnov said.
"Weapons factories in European countries that produce arms for Ukraine are potential military targets for Russia," Russian Foreign Ministry spokesperson Maria Zakharova said.
In this interview, the Kyiv Independent’s Jimmy Rushton speaks with Sven Kruk, a former German army officer and the CEO of European drone manufacturer Quantum Systems, about Ukraine’s changing air defense needs and what Europe is learning from the battlefield.
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