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Ukraine holds key rate at 15% as inflation risks persist after Middle East energy shock
The bank said that inflation slowed in May to 8.2%, after a bump from 7.4% in January to 8.6% in April, partly driven by the war in the Middle East.
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Friday, June 19
Russian attack damages over 40 homes in Kharkiv, injures 6
Russian forces launched several glide bombs on Kharkiv overnight on June 19, damaging dozens of homes and injuring at least six people, local officials reported.
Investigation: How EU machinery keeps feeding Russian missile makers
Editor's note: This investigation is a collaboration between The Kyiv Independent (Ukraine), IrpiMedia (Italy) and OCCRP. Key findings * A Turkish company co-owned by an EU national shipped EU-made equipment to Russian defense plants despite European export restrictions, customs records reveal. * The Russian plants use such equipment to produce metal alloys, later used to make missiles and fighter jets. * Two plants that benefit from the scheme belong to the son-in-law of Igor Zavyalov, lo
Western allies pledge $4 billion in military aid for Ukraine, Fedorov says following Ramstein summit
Ukraine's allies collectively pledged $4 billion in military aid to Ukraine, Defense Minister Mykhailo Fedorov said following the conclusion of the Ramstein-format meeting in Belgium on June 18.
Hungarian PM Magyar pushes EU to water down stance on Ukraine accession
The conclusions of the meeting of EU leaders on June 18 have been watered down, at the insistence of Hungarian Prime Minister Peter Magyar, to reduce the urgency of advancing Ukraine's EU accession process. Three days prior, the EU opened the first of six so-called enlargement clusters for Ukraine and Moldova, to-do lists that they must complete to become the union's member states. It was expected that the remaining five clusters would open in July at the latest. The draft conclusions for the
EU leaders agree to 12-month extension of Russia sanctions
European Union leaders agreed on June 18 to extend sanctions against Russia for another 12 months instead of the customary six-month period.
Thursday, June 18
Poland pushes for permanent US base as Pentagon reassesses European posture
"The U.S. responded positively to Poland's proposal to establish a permanent U.S. military base in Poland," Polish Defense Minister Wladyslaw Kosiniak-Kamysz said June 18 after meeting with U.S. Defense Secretary Pete Hegseth.
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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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At least 17 people, including two children, were injured in Moscow Oblast in the attack, Russian authorities claimed.
