The Board of the National Bank of Poland has decided to provide the National Bank of Ukraine with $950 million in a currency swap, Ukraine’s NBU press service reported. "Relevant funds will increase Ukraine's international reserves. The National Bank of Ukraine is grateful to its colleagues for their support and trust," the NBU said.
Liliane is the business editor at the Kyiv Independent. She previously worked at the Kyiv Post as a staff writer covering business news and then as business editor. Liliane holds a master’s degree in Russian, Eastern European, and Eurasian affairs with a focus on Ukrainian studies at Columbia University. From 2017-2020 she served as a Peace Corps Volunteer in Ukraine, after which she interned with the Atlantic Council’s Eurasia Center.Read more
Russian state-owned oil company Rosneft and Indian refining giant Reliance Industries have finalized a landmark agreement to supply 500,000 barrels of oil daily for the next 10 years, Reuters reported on Dec. 12.
During a press conference with French President Emmanuel Macron on Dec. 12, Polish Prime Minister Donald Tusk addressed speculation about a possible peacekeeping mission in Ukraine, emphasizing that no such actions are currently planned.
The Hungarian side "did not discuss anything" with Ukraine and "did not warn about its contacts with Moscow," said Dmytro Lytvyn, the presidential communications adviser, referring to Viktor Orban’s recent phone call with Vladimir Putin.
Mikhail Shatsky, a Russian expert involved in modernizing missiles launched against Ukraine, was shot dead near Moscow, a Defense Forces source told the Kyiv Independent on Dec. 12.
Russia uses Western sniper rifles and ammunition despite sanctions, obtaining the arms via third-party countries, according to a joint media investigation published by The Insider on Dec. 11.
European NATO foreign ministers began discussing a plan to gradually increase the alliance’s defense spending target from 2% of their GDP to 3% by 2030, the Financial Times reported on Dec. 12, citing undisclosed sources.
Russia's Comprehensive Program for the Development of the Air Transport Industry until 2030 envisioned producing 1,032 passenger aircraft between 2022 and the end of the decade.
French President Emmanuel Macron is visiting Warsaw on Dec. 12 to brief the Polish prime minister on his meeting with U.S. President-elect Donald Trump last week and to discuss Europe's support for Ukraine and ways to end Russia's war.
Lawmakers from both chambers of the U.S. legislature requested the director of national intelligence, the director of the Defense Intelligence Agency, and the director of the Central Intelligence Agency (CIA) to compile a report on different policy impacts on Ukraine and U.S. security, according to The Hill.
The $895 billion U.S. defense budget passed by the House of Representatives did not include a provision to extend the lend-lease act for Ukraine despite the efforts of Ukrainian diplomats, Ukraine's Ambassador to the U.S., Oksana Markarova, said on Dec. 12.
The death toll in the Dec. 10 attack rose to 10 on Dec. 12, after rescuers pulled a woman's body from the rubble of a building destroyed by a Russian missile.
The attack damaged the roof of the building, shattered windows, and lightly injured four men on guard duty, Chechen strongman Ramzan Kadyrov claimed. This marks the third reported drone strike against Chechnya during Russia's war against Ukraine.
Commander-in-Chief Oleksandr Syrskyi said that "non-standard decisions" are needed near the embattled city of Pokrovsk, after the military reported that Russia had destroyed two Ukrainian positions in the area.
Svitlana Tsikhanouskaya, the most prominent Belarusian opposition leader, discussed efforts to maintain relations with Ukrainian authorities in a European Pravda interview on Dec. 10.
European Commission President Ursula von der Leyen announced 170 million euros ($178 million) in financial support for six European countries bordering Russia and Belarus to bolster their border protection efforts.