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Find your perfect present from Ukraine with our holiday gift guide

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A Ukrainian flag flies above the headquarters of the Ukrainian Finance Ministry in Kyiv, Ukraine, on Feb. 8, 2017.
Business

What Ukraine's ballooning debt means for its economy, and future

by Luca Léry Moffat

Ukraine's debt is ballooning. By the end of last year, the country owed over $213 billion to creditors — a hair's breadth away from the size of the country's entire economy. That doesn't include a new 90-billion-euro loan to Kyiv agreed by European leaders at a summit on Dec. 19, of which a sizable chunk will add to Ukraine's debt pile. As Russia's full-scale invasion approaches its fifth year and progress towards a peace deal remains uncertain, the anticipated postwar reconstruction boom is o

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Ukraine and Russia in the Epstein files | Ukraine This Week

In the latest episode of Ukraine This Week, the Kyiv Independent’s Anna Belokur examines how Ukraine appears in recently released Jeffrey Epstein files. The files reference flight arrangements for models linked to Kyiv agencies, a failed real estate deal in Lviv, and brief mentions of Ukraine’s 2019 presidential election.

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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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Russia appeared to confirm on Feb. 13 the existence of a sweeping U.S.-Russia economic proposal known in Kyiv as the "Dmitriev package," days after President Volodymyr Zelensky first disclosed it publicly. The Ukrainian president said on Feb. 6 that intelligence had briefed him on what he described as a roughly $12 trillion framework for large-scale economic cooperation between Moscow and Washington. "Intelligence showed me the so-called 'Dmitriev package' that he presented in the U.S. — it am

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