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NBU devalues hryvnia against dollar for first time since invasion, by 25%
The National Bank of Ukraine has devalued the hryvnia against the dollar by 25% on July 21. The new official rate is Hr 36.57 per dollar. The previous rate of Hr 29.25, established in February at the start of the invasion, "no longer corresponds to reality and is

Sanctions likely to seriously hurt Russia. But they may not stop the war
It took a full-scale invasion by Russia into Ukraine to get the international community to apply a range of sanctions against the attacking country. The most severe penalty was the move to sever certain Russian banks from the international payment order system SWIFT and prevent the Russian Central Bank from
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