The blockade ended at 10:30 p.m. local time. Truck traffic in both directions is now moving as usual, according to Ukraine's State Border Guard's statement.
Russia seems to be preparing a significant offensive in Ukraine as it is moving troops toward key positions on the front, the Financial Times reported on May 13, citing undisclosed Ukrainian intelligence officials.
President Volodymyr Zelensky said he will meet with Turkish President Recep Tayyip Erdogan in Ankara, but said both leaders are ready to fly to Istanbul if Russian President Vladimir Putin chooses to attend the talks there.
Andriy Yermak, Zelensky's chief of staff, said that the new pontiff had a phone call with Zelensky on Monday, during which the pope expressed willingness to facilitate meetings between global leaders and vowed to support efforts for "a just and lasting peace."
In an interview with French broadcaster TF1 on May 13, Macron discussed new Russia sanctions and stationing French nuclear weapons in other European countries as a deterrent against Russia.
Performing their song "Bird of Pray," Ukrainian band Ziferblat passed the Eurovision semi-finals on May 13, qualifying Ukraine for the grand final on May 17.
Kremlin spokesperson Dmitry Peskov confirmed that a Russian delegation will be in Istanbul on May 15 for direct peace talks with Ukraine. Foreign Minister Sergey Lavrov and Putin’s foreign policy aide Yuri Ushakov will likely represent Russia.
The move follows Ukraine's ratification of the minerals agreement, deepening U.S.-Ukraine economic ties and signaling expanded U.S. involvement in Ukraine's long-term recovery.
"Ukraine has initiated a coordinated campaign to vilify Hungary in order to undermine our initiative to hold a poll on (Kyiv's) EU membership," Hungarian Prime Minister Viktor Orban said.
A cashier seats under an electronic panel with rates of rouble to U.S. dollar, Euro and other currencies, at the exchange office of the Fora Bank, February, 25 2024, in Moscow, Russia. (Contributor/Getty Images)
Russia’s economy faces mounting pressure due to its full-scale invasion of Ukraine and Western sanctions, according to a new report from the Stockholm Institute of Transition Economics (SITE) presented for talks of European Union finance ministers on May 13.
While the Kremlin continues to project economic strength—citing GDP growth of 4.3% in 2024—SITE researchers warned that the apparent resilience is misleading.
"The fiscal stimulus of the war economy has kept the economy afloat in the short term, but the reliance on opaque financing, distortionary resource allocation, and shrinking fiscal buffers makes it unsustainable in the long term," the report read, according to Reuters. "Contrary to Kremlin narratives, time is not on Russia’s side."
Torbjorn Becker, who presented the findings, cast doubt on the credibility of Russia’s economic statistics. He questioned the government’s claim of 9–10% inflation, pointing to the central bank’s unusually high policy rate of 21%. "Which regular central bank would have a policy rate that’s basically 11.50 percentage points higher than the inflation rate? If any of our central banks were doing something like that, they would be out of their job the next day," Becker said. "If you understate inflation, you will then overstate real GDP numbers."
Becker also raised concerns about Russia’s true fiscal deficit.
Despite the war, Moscow has officially reported a budget shortfall of just 2% of GDP annually since the invasion began. "Fiscal numbers in Russia don’t really correspond to what we think that they are putting into the war effort," Becker said.
He argued that if off-budget military financing through the banking system were accounted for, the actual deficit could be twice as high. That, he warned, is increasing financial risks, as banks report unusually high credit growth. "These are all indicators that we usually look at when we want to predict the banking crisis," he added.
European Economic Commissioner Valdis Dombrovskis backed the SITE analysis. "Their analysis highlights the unreliability of Russian statistics, and how the Russian economy is not performing as well as its official statistics suggest," Dombrovskis said.
"The Commission broadly agrees with this analysis and the overall increasing fragility of the Russian economy. This underlines the importance of the international community’s ongoing efforts to limit the Kremlin’s capacity to continue its war of aggression against Ukraine."
Olena Goncharova is the Head of North America desk at The Kyiv Independent, where she has previously worked as a development manager and Canadian correspondent. She first joined the Kyiv Post, Ukraine's oldest English-language newspaper, as a staff writer in January 2012 and became the newspaper’s Canadian correspondent in June 2018. She is based in Edmonton, Alberta. Olena has a master’s degree in publishing and editing from the Institute of Journalism in Taras Shevchenko National University in Kyiv. Olena was a 2016 Alfred Friendly Press Partners fellow who worked for the Pittsburgh Post-Gazette for six months. The program is administered by the University of Missouri School of Journalism in Columbia.
Chris York
