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The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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A recent clash between Russian President Vladimir Putin and Sberbank CEO German Gref shows an increasing disconnect between the Kremlin and Russia's economic community, experts say. Gref, head of Russia's largest bank, told the Eastern Economic Forum on Sept. 5 that Russia's GDP growth had slowed to near zero in July and August after a sharp drop in the April–June quarter. "The second quarter can practically be considered technical stagnation," he said. Putin pushed back, insisting lending co

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