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Russia counts on sanctions help from China.

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Despite the U.S. warning Beijing against helping Moscow to evade sanctions over Ukraine, Russian Finance Minister Anton Siluanov said his country is banking on that lifeline to withstand unprecedented Western sanctions. He noted that the sanctions had deprived Moscow of access to $300 billion of $640 billion in gold and foreign exchange reserves, and added that the West is exerting pressure on China to shut off more.

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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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Along the Dnipro River in southern Ukraine, the front line has remained largely static, but fighting continues every day. The Kyiv Independent’s Francis Farrell and Olena Zashko embedded with Ukraine’s forces in Kherson Oblast, following FPV drone and night bomber teams tasked with defending river islands.

Earlier on Jan. 1, Volodymyr Saldo, a Ukrainian politician turned top Russian proxy head of Russian-occupied parts of Kherson Oblast, accused Kyiv of launching three drones at a hotel and a cafe on the Black Sea coast. Saldo claimed that the alleged New Year drone strike on the village of Khorly killed 24 people, including a child, and wounded more than 50.

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