Citigroup had plans to leave Russia in April 2021 due to a general exit from some overseas markets but took extra measures in March 2022. Actions to facilitate the wind-down of consumer and local commercial banking will start this quarter. "In connection with the wind-down plan announced today, Citi expects to incur approximately $170 million in costs, primarily over the next 18 months, largely driven by restructuring, vendor termination fees and other related charges," the company said in a statement.
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Thursday, March 19
President Volodymyr Zelensky said on March 19 that a Ukrainian negotiating team is heading to the United States for a meeting scheduled for Saturday, as efforts continue to revive stalled peace talks.
Hungarian Prime Minister Viktor Orban continued to oppose a 90-billion-euro loan to Ukraine at a gathering of European leaders in Brussels today, according to two EU diplomats familiar with today's discussions.
Marchenko was charged in 2023 with receiving an $11,300 bribe for allegedly influencing regional officials to allow men eligible for military service to go abroad. She was expelled from Zelensky's Servant of the People party.
Hungary is heading into what could be its most consequential election in decades — and Ukraine has become a central issue in the campaign. The Kyiv Independent’s Martin Fornusek reports from Budapest, where Prime Minister Viktor Orban, after 16 years in power, is facing his strongest challenge yet from opposition leader Peter Magyar.
Ukraine's central bank kept its key rate unchanged at 15% on March 19, as an unexpected bump in inflation and war in the Middle East cause the bank to err on the side of caution.
Indian authorities detained six Ukrainians and one U.S. citizen on March 13 at airports in Delhi, Lucknow, and Kolkata.
(Updated: )
"Sudden weather changes on March 17–18, including fog, were used by the enemy to resume assault actions," one commander said.
Ukrainian soldiers carrying an injured comrade, often moving slowly, become prime targets for Russian forces as they represent an opportunity to inflict multiple casualties at once.
(Updated: )
Ukraine's Special Operations Forces confirmed they had struck Russian military targets on the peninsula.
Russian forces launched 133 drones against Ukraine overnight, the Air Force said on March 1
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