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US extends several Russian banks' licenses for energy-related transactions.

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According to the U.S. Treasury Department, the list includes Russia's central bank, Sberbank, VTB Bank, Alfa-Bank, and a few others. The license, which allows purchases and production of oil and oil products, coal, and wood, was extended until Dec.5. Western countries have imposed sanctions on major Russian banks but have been criticized for creating a major exception for oil and gas transactions.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The unnamed project, lacking a defined team or political platform, seeks to offer an alternative to the Kremlin at a time when Russia's opposition operates largely from abroad and remains fractured, with its ability to influence domestic politics remaining low.

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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.

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