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Russia's Central Bank seeks $229 billion in damages from Euroclear

Russia's Central Bank seeks $229 billion in damages from Euroclear

Russia's central bank has filed a lawsuit seeking 18.2 trillion rubles ($229 billion) in damages from Euroclear, escalating Moscow's dispute with the Belgium-based securities depository as the EU considers how to use frozen Russian assets to support Ukraine.
European leaders present 6-point security, recovery plan for Ukraine

European leaders present 6-point security, recovery plan for Ukraine

In a joint statement issued Dec. 15, European leaders outlined a six-point security and recovery framework for Ukraine, committing to long-term military support, a European-led and U.S.-supported multinational force operating inside Ukraine, and legally binding measures to respond to any future attack.
‘No need to hold referendums’ — Amid U.S. pressure, Ukrainians reject territorial concessions
Peace talks

‘No need to hold referendums’ — Amid U.S. pressure, Ukrainians reject territorial concessions

As U.S. pressure on Kyiv grows, Ukrainians oppose Russian demands. If concessions are put up for a vote, those who spoke with the Kyiv Independent said they would flat out deny the terms. Last week, President Volodymyr Zelensky said that any territorial concessions to end Russia's all-out war, mentioned in a U.S.-backed peace plan, should be decided by the Ukrainian people, including through a referendum. This idea had been floated before. But like elections, holding a referendum is prohibited
Few politicians are interested in Anti-Corruption Court's effective work, court's head says
Politics

Few politicians are interested in Anti-Corruption Court's effective work, court's head says

Few decision makers are interested in making the High Anti-Corruption Court actually work, Vira Mykhailenko, the court's head, said in an interview with the Kyiv Independent. Set up in 2019 as part of a Western-backed reform, the court was designed to rule on cases brought by the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor's Office (SAPO). The three institutions were created from scratch to fight top-level corruption instead of traditional courts and l
Rediscovering Ukraine’s literary heritage: Ukrainian Institute and Kyiv Independent launch 'The Hidden Canon'

Rediscovering Ukraine’s literary heritage: Ukrainian Institute and Kyiv Independent launch 'The Hidden Canon'

At the initiative of the Ukrainian Institute, the Kyiv Independent announces the launch of "The Hidden Canon: Ukraine's Literary Iconoclasts," a new series celebrating Ukrainian classic literature with the goal of bringing it to a wider international audience. For many readers outside Ukraine, the country's classic literature remains largely untranslated and therefore unfamiliar, often overlooked due to historical and imperial pressures. Yet Ukrainian literature is defined not by silence, but b
'It’s a second front line' — The Ukrainian power plant workers battling to make repairs under Russian attacks

'It’s a second front line' — The Ukrainian power plant workers battling to make repairs under Russian attacks

"It’s an interesting feeling during an air attack. Danger, danger, and again danger," says Yurii, a Ukrainian energy worker, from the control center of a war-scarred thermal power plant. Yurii works for DTEK, Ukraine’s largest private energy firm, as a shift supervisor of the turbine boiler department. His last name, like the name of the plant and its location, cannot be disclosed for security reasons. The company has suffered six mass Russian attacks since October, including on the thermal po
Ukraine calendar: What will happen this week
 (Updated:  KI Insights

Ukraine calendar: What will happen this week

Editor's note: This article is a shortened on-site version of KI Insights' public newsletter, The Week Ahead, covering events from December 15-21. Sign up here to start your week with an agenda of Ukraine-related events delivered directly to your inbox every week. The European Council meeting on 18-19 December will prove decisive for the fate of the reparations loan backed by frozen Russian assets. The Council must reach a decision that will secure Ukraine's financing for the next two years. Wi
Ukraine war latest: US, Ukraine peace talks to continue on Dec. 15 in Berlin as Zelensky calls for 'Article 5-like' security guarantees
War update

Ukraine war latest: US, Ukraine peace talks to continue on Dec. 15 in Berlin as Zelensky calls for 'Article 5-like' security guarantees

Key developments on Dec. 13-14: * US, Ukraine peace talks to continue on Dec. 15 in Berlin as Zelensky calls for 'Article 5-like' security guarantees * Russia’s December oil and gas revenue set to drop to lowest level since 2020, Reuters reports * US lifts sanctions on Belarusian potash, as Minsk releases over 100 political prisoners, including top opposition figures * Ukraine says it destroyed pipeline Russia used to infiltrate Kupiansk, releases video * Ukraine sanctions nearly 700 vesse
This is the momentum for Europe to act: seize Russian assets
Opinion

This is the momentum for Europe to act: seize Russian assets

About the author: Margus Tsahkna is Estonia’s foreign minister. If Europe truly wants to be a real player in the geopolitical arena and to shape its own security and future, it must match strong words with decisive action. Europe has one powerful lever in its hands right now: Russia’s frozen assets. It’s time to use them. Around 210 billion euros ($246 billion) in Russian central bank assets are sitting frozen in Europe for one reason: Russia chose a full-scale war of aggression. And internati