This week, the world watched in anticipation for Russia’s Victory Day parade after President Volodymyr Zelensky commented that he could not guarantee the safety of those attending. Meanwhile, the European Union moves one step forward to banning Russian gas from the European continent. It is also revealed this week that U.S. Secretary of Defense Pete Hegseth has fallen out of step with the White House.
"(Russian) President (Vladimir) Putin... doesn't want to have a ceasefire agreement with Ukraine, but rather wants to meet on Thursday, in Turkey, to negotiate a possible end to the bloodbath. Ukraine should agree to this, immediately," U.S. President Donald Trump said.
U.S. Secretary of State Marco Rubio will travel to to Antalya, Turkey, for a NATO foreign ministers’ meeting from May 14–16, where he is expected to address the war in Ukraine and push for stronger Allied defense commitments.
The Kremlin said the leaders held a detailed discussion about the Russian initiative and Erdogan expressed full support, reiterating Turkey’s readiness to provide a venue and assist in organizing the negotiations.
Erdogan told Macron that international cooperation is critical for initiating peace negotiations and the "sensitive implementation" of Ukraine’s recovery and reconstruction processes, the Turkish Presidency reported.
The assault began around 2 a.m. on May 11, with Russian forces deploying 108 Shahed-type attack drones and decoy UAVs from multiple directions, Ukraine’s Air Force said.
"Think of the hundreds of thousands of lives that will be saved as this never ending 'bloodbath' hopefully comes to an end... I will continue to work with both sides to make sure that it happens."
Parliament voted the bill through in its second reading. The bill had been labelled as “anti-Akhmetov,” as two of its key provisions will hurt the steelmaking and energy business interests of Rinat Akhmetov, Ukraine’s richest man.
The provisions in question are a new calculation system for iron ore mining rents based on global market prices, and a tripling of the industrial carbon dioxide emission tax from $0.37 to $1.11 per ton. The bill contains several other tax changes, such as the implementation of an 18% levy on agricultural produce sales above $2,800 a year.
Finance Minister Serhiy Marchenko told parliament in September that the new law could raise between $920 million and $1.3 billion of extra tax revenue annually.
The law’s passing comes at a time of great tension between Akhmetov and the President’s Office, with President Volodymyr Zelensky alleging in his Nov. 26 press conference that Ukraine’s intelligence services had obtained evidence that Akhmetov was being pulled, possibly without his knowledge, into a Russian-backed coup attempt due to take place on Dec. 1. Akhmetov denied the accusations.
Max Hunder is a business reporter at the Kyiv Independent. He previously worked as a business reporter at the Kyiv Post focusing on infrastructure and energy. He is a graduate of Eton College and University College London, and has reported for international publications from London, Kyiv and Yerevan.
