Business

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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Zelensky won't announce elections on war anniversary amid talks of US-driven timeline

Editor's Note: The article was updated following President Volodymyr Zelensky's comments. As of now, President Volodymyr Zelensky does not plan to announce presidential elections or a referendum on a possible peace deal with Russia on Feb. 24, a source in the President's Office familiar with the matter told the Kyiv Independent on Feb. 11. The comment came after the Financial Times reported that Kyiv was preparing to hold both votes this spring and that Zelensky could unveil the plan on the fo

Ukraine war latest: Russian losses in Ukraine 'astonishing,' former MI6 chief says

Key developments on Feb. 11 * Russian losses in Ukraine 'astonishing,' former MI6 chief says; * Russian strike on Kharkiv Oblast killed 3 toddlers and their father, pregnant mother injured; * Ukraine confirms drone strike on Russia's Volgograd oil refinery, Rubicon barracks in occupied Zaporizhzhia Oblast; * Europe has identified sites to train Ukrainian troops inside Ukraine, EU top diplomat says; * SBU sends text warning Russians are trying to recruit Ukrainians to register Starlink term

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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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