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 chief executive of Euroclear told the FT that the EU's proposal would amount to "expropriation" — forced seizure — because if Russia demands the assets back in the future, they would not be available.
The voting will formalize the reshuffle initiated by President Volodymyr Zelensky on July 14 when he nominated Yuliia Svyrydenko, the first deputy prime minister and economy minister, to lead the government
Hungarian Prime Minister Viktor Orban called upon the EU to take action against Ukraine's conscription practices in an interview with Origo published on July 15, amid an ongoing dispute with Kyiv over the death of a Ukrainian conscript of Hungarian ethnicity.
"This statement from the U.S. president is quite serious. Some of what he said appears to be addressed personally to (Russian President Vladimir) Putin," Kremlin spokesperson Dmitry Peskov told reporters.
According to the SBU, Russian "special services" recruited the 27-year-old Lviv resident who was trying to obtain "easy money" through Telegram channels.
The facility reportedly manufactures batteries for missile guidance and glider modules, including for the Iskander system and cruise missiles, which Russia has been increasingly using to target Ukrainian cities.
"In the years to come, and by 2030, the main threat to France and Europeans is the risk of open warfare against the heart of Europe," France's new National Strategic Review reads.
"On one hand, it is very positive that President Trump is taking on a strong stance on Russia... On the other hand, 50 days is a very long time if we see that they are killing innocent civilians," EU Special Envoy Kaja Kallas said.
Russian forces killed at least five people and injured at least 53, including four children, across Ukrainian regions over the past day, regional authorities reported on July 15.
Armed with a fresh round of investment from the West, Ukrainian drone autonomy startup the Fourth Law is showcasing new footage as it aims to become the first to reach the latest holy grail of drone warfare: full autonomy.
The Kyiv Independent news desk
