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Lending in Ukraine is booming.
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Chart of the week: Lending boom suggests war is new normal for Ukrainians

by Luca Léry Moffat

Ukrainians continued a borrowing spree in 2025, suggesting that households and companies are settling into a new normal as the country approaches the fifth year of Russia's full-scale invasion. While new loans plummeted in the first few years of the full-scale invasion, borrowing started to pick up in 2024. By last year, the total value of loans taken out by Ukrainian households and companies was 50% and 27% higher than in 2023, respectively, according to data from Ukrainian think tank Center f

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Ukraine war latest live: Putin spent Orthodox Christmas at military base church, independent Russian media says

Hello, this is Asami Terajima reporting from Kyiv on day 1,414 of Russia's full-scale invasion of Ukraine. Today's top story: Russian President Vladimir Putin appears to have marked Orthodox Christmas at a church in a military base, the Russian independent investigative media outlet Agentstvo reported on Jan. 7. Agenstvo, citing its analysis from a video released by the Kremlin, said it identified the location as the Church of the Great Martyr George the Victorious, located at the base of the

How Venezuela crisis will impact Russia’s influence in the world

The Kyiv Independent’s Jared Goyette speaks with foreign policy analyst Ivan Fechko about Venezuela’s political crisis following the U.S. attack and kidnapping of dictator Nicolás Maduro — and why it marks a major strategic setback for Russia in Latin America and globally.

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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'Embarrassing' — We asked 3 experts why Venezuela's Russian-supplied air defenses were AWOL

A fire burns at Fuerte Tiuna, after a series of explosions in Caracas, Venezuela, on Jan. 3, 2026.

Of all the images that emerged from the U.S. military operation to capture Venezuelan leader Nicolas Maduro on Jan. 3, one of the most surreal was the sight of a fleet of American helicopters flying unchallenged over the skies of Caracas. Video from Caracas, Venezuela shows U.S. military helicopters, including CH-47 Chinook and V-22 Osprey aircraft, operating over Caracas alongside multiple explosions. The cause and context of the blasts remain unconfirmed. pic.twitter.com/owOx9X7DPP — George

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