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Banking

Why are Ukrainian banks so profitable during war?

Why are Ukrainian banks so profitable during war?

by Dominic Culverwell

Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of

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11:50 PM

US announces $988 million military aid package for Ukraine.

The latest aid package will be pulled through the remaining $2 billion in funding from the Ukraine Security Assistance Initiative (USAI) — a Pentagon-led program for supplying arms to Ukraine through contracts with U.S. defense companies.
5:32 PM  (Updated: )

Russian attack on Kryvyi Rih kills 3, injures 17, including 6-year-old boy.

Russian forces attacked Kryvyi Rih in Dnipropetrovsk Oblast on Dec. 6, killing two people and injuring 17, including a six-year-old boy, according to Governor Serhii Lysak. The death toll rose to three on Dec. 7 when rescuers recovered another body from the rubble.
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