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U.S. Cardinal Robert Prevost was elected the new pope and leader of the Roman Catholic Church on Thursday, taking the name Pope Leo XIV, a senior cardinal announced on May 8 to crowds gathered in St. Peter’s Square, according to Vatican News.

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Russia's capital outflow reaches $64 billion since January.

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The outflow reached $17.5 billion in the same period last year and $72 billion for the whole of 2021. Foreign investors heavily withdrew their assets from Russia due to its war against Ukraine, to the point that Russia's Central Bank temporarily limited the possibility of withdrawing assets abroad, including for foreign investors.

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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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