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11:38 PM

Zaluzhnyi calls top US general, discusses long-range munitions supplies.

Commander-in-Chief of Ukraine's Armed Forces Valerii Zaluzhnyi said on May 31 that he had a phone call with the Chairman of the U.S. Joint Chiefs of Staff Mark Milley, discussing the front-line situation and military aid.

11:18 PM

Defense Ministry: Southwestern outskirts of Bakhmut remain in Ukrainian control.

The southwestern outskirts of Bakhmut and the entrance to the city remain in control of Ukrainian forces, Deputy Defense Minister Hanna Maliar reported on May 31.

10:51 PM

Military intelligence helped deputy suspected of bribery to leave country ‘at request of another structure.’

Ukraine’s military intelligence (HUR) confirmed that it helped the Kyiv City Council deputy Vladyslav Trubitsyn, who is suspected of taking bribes, to leave the country, the investigative project Schemes reported on May 31.

9:42 PM

US to provide Ukraine with more air defense systems, ammunition following upsurge in Russian attacks.

U.S. National Security Council Spokesperson John Kirby announced during a White House press briefing on May 31 that the U.S. would provide Ukraine with more air defense in response to Russia's upsurge of attacks over the past month.

9:25 PM

EU Council sanctions 7 individuals accused of attempting to destabilize Moldova, Ukraine.

The EU Council announced on May 30 that it had imposed sanctions on seven individuals for attempting to undermine the territorial integrity and sovereignty of Moldova and Ukraine.

9:17 PM

Two Russian ships spotted loading Ukrainian grain, metal at port in occupied Berdiansk.

Two Russian ships were spotted at the Port of Berdiansk on May 31 loading Ukrainian grain and metal, according to the exiled Berdiansk City Administration.

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8:51 PM

EU Parliament President: Drone attacks on Moscow don't change EU support for Ukraine.

Drone attacks on Moscow shouldn't have any impact on the EU's support for Ukraine, European Parliament President Roberta Metsola told Deutsche Welle on May 31.

8:04 PM

Court seizes $13.6 million of assets from former Kherson Oblast official suspected of treason.

A Ukrainian court has seized Hr 500 million ($13.6 million) of assets of a former Kherson Oblast Council deputy who is suspected of treason and collaboration with Russia, the Security Service of Ukraine (SBU) announced on May 31.

7:42 PM

Zelensky visits Odesa Oblast to meet military, law enforcement heads.

President Volodymyr Zelensky visited Odesa Oblast on May 31, meeting with the regional military and law enforcement heads to discuss the situation in the southern region.

7:10 PM

Russian forces shell Kharkiv Oblast, killing 1 person, injuring another.

Russian forces shelled the city of Vovchansk on May 31, killing one man and injuring another, Kharkiv Oblast Governor Oleh Syniehubov reported on May 31.

6:48 PM

Zelensky appoints controversial official as governor of Odesa Oblast.

President Volodymyr Zelensky signed a decree appointing a controversial official, Kyiv's Chief Prosecutor Oleh Kiper as the new governor of Odesa Oblast on May 30.

6:28 PM

Ombudsman: Ukrainian POWs, abducted children transferred through Belarus.

Ombudsman Dmytro Lubinets confirmed during a press briefing that some Ukrainian prisoners of war and abducted children were transferred through the territory of Belarus, Ukrinform reported on May 31.

6:11 PM

Germany says Ukraine has right to strike Russian territory when it's self-defense.

Ukraine is within its right to launch strikes on Russian territory when it qualifies as self-defense, German government spokesperson Steffen Hebestreit told Deutsche Welle on May 31.

6:04 PM

Russia sentences 4 Crimean Tatars to lengthy prison terms.

A Russian military court in Rostov-on-Don sentenced four Crimean Tatars to lengthy prison terms on "terrorism" charges, the human rights group Crimean Solidarity announced on May 31.

5:24 PM

Russian forces shell Kherson Oblast, injuring 3 people, including 2 children.

Three people, including one child, were injured by Russian shelling of Kherson Oblast on May 31, according to reports from local officials.

5:09 PM

Military intelligence: Russia building new facilities for sorting, storing bodies of its dead soldiers.

Russia is building facilities for sorting and storing corpses of its soldiers killed during Moscow’s invasion of Ukraine, the Ukrainian military intelligence (HUR) claimed on May 31.

4:24 PM

Germany orders closure of 4 out of 5 Russian consulates after Moscow expels German staff.

The German government told Russia to close four out of its five consulates in Germany in retaliation for Moscow’s expulsion of German staff in Russia, the Associated Press reported on May 31.

3:58 PM

Border Guard Service: Russian forces blow up road linking Ukraine's Chernihiv and Russia's Bryansk.

According to the State Border Guard Service spokesperson Andrii Demchenko, cited by Ukrainska Pravda news outlet, the explosion occurred on May 30 on the road linking Ukraine's northern city of Chernihiv and Russia's Bryansk.

3:57 PM

Medvedev: UK leading ‘undeclared war’ against Russia.

Dmitry Medvedev, the deputy head of Russia’s Security Council and a former Russian president, claimed that the U.K. is leading an “undeclared war against Russia” by supplying Ukraine with weapons, making British officials “legitimate military targets.”

2:52 PM

Ukraine receives $1.25 billion in budget support from US.

The U.S. has provided Ukraine with another $1.25 billion in budget support under the World Bank’s PEACE project, Ukrainian Prime Minister Denys Shmyhal said on May 31.

2:00 PM

UK Defense Ministry: Russia increasingly losing initiative in war against Ukraine.

Since the start of May, Russia has increasingly ceded the initiative in its war against Ukraine, reacting to Kyiv's actions rather than actively advancing towards its own military goals, reported the U.K. Defense Ministry.

12:55 PM

Opinion

Oleksii Vitchenko: A call to invest in Ukraine’s tech sector

12:10 PM

IAEA chief presents deal to protect Russian-occupied Zaporizhzhia nuclear plant.

Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi presented an updated agreement to protect the occupied Zaporizhzhia Nuclear Power Plant at a May 30 meeting of the UN Security Council.

11:00 AM

1 killed, 13 injured in Russian attacks against Ukraine over past day.

Russian attacks killed one civilian in Donetsk Oblast's Chasiv Yar and injured six in other regional settlements, Governor Pavlo Kyrylenko said on May 31. Seven more people, including a child, were reportedly wounded in Dnipropetrovsk, Kherson, and Kharkiv oblasts over the past 24 hours.

9:46 AM

General Staff: Russian forces in Luhansk Oblast threaten to withhold wages of workers who refuse to accept Russian passports.

Ukrainian employees of a public institution in Russian-occupied Stanytsia Luhanska, Luhansk Oblast, were told by Russian forces that only those who have registered at a Russian bank would be able to receive their salary in June, the General Staff of Ukraine's Armed Forces reported on May 31.

MORE NEWS

Ukraine strikes back around Bakhmut as Wagner reaches last streets in the city

Russia’s Kinzhal missile is not hypersonic. Nor is it invincible

Where does Russia expect Ukraine’s counterattack? Overview of defensive lines

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Reuters: EBRD expects record 2022 loss due to Russia, Belarus portfolio

by The Kyiv Independent news desk January 19, 2023 5:51 PM 1 min read

This audio is created with AI assistance

The European Bank for Reconstruction and Development forecasts to suffer a record loss in 2022 due to the significant blow caused by the war in Ukraine to its portfolio holdings in Russia and Belarus, Reuters reported citing EBRD President Odile Renaud-Basso.

The bank had around $1 billion in its Russia and Belarus-focused portfolio before Russia unleashed its full-scale war against Ukraine. This portfolio is “fully provisioned”, according to Renaud-Basso, who spoke to Reuters on the sidelines of the World Economic Forum’s annual meeting in Davos on Jan. 19.

According to the EBRD chief, the record loss would follow the record profit the bank experienced the previous year.

The bank is committed to sending 3 billion euros to Ukraine by the end of this year, she said. Ukraine had already received part of this installment amounting to 1.7 billion euros last year.

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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