The National Bank of Ukraine (NBU) voted on Jan. 29 to cut its benchmark interest rate to 15%, the first change since March last year, as inflation cools and a new aid package from Europe eased pressure on the country's finances.
The number includes 1,090 casualties that Russian forces suffered over the past day.
Energy Minister Denys Shmyhal reported "a cascade shutdown" in Ukraine's power grid in the morning on Jan. 31.
Since the media outlets' last update in mid-January, the names of 4,536 Russian soldiers have been added to the list of casualties.
Polish authorities temporarily closed the airspace along the northern part of Poland's border with Belarus overnight on Jan. 30-31 after unidentified objects — believed to be Belarusian smuggling balloons — were detected in the region.
Russian Envoy Kirill Dmitriev held "productive and constructive meetings" with U.S. officials in Miami, U.S. Special Envoy Steve Witkoff said on Jan. 31.
Russian State Duma Chairman Vyacheslav Volodin's threat comes a few days after Ukrainian, Russian, and U.S. officials held the latest round of peace talks in Abu Dhabi on Jan. 23-24.
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.
Ukraine has distributed industrial boiler equipment delivered by Italy among communities in 10 regions as part of a broader support program aimed at strengthening the country’s heating infrastructure, Deputy Prime Minister Oleksii Kuleba said on Jan. 29.
