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.
This is Asami Terajima reporting from a very cold Kyiv on day 1,440 of Russia's full-scale invasion of Ukraine. Today's top story: Russian troops are trying to "bypass and infiltrate" the destroyed town of Vovchansk in northeastern Kharkiv Oblast, and the situation is "frankly difficult," Viktor Tregubov, a spokesman for Ukraine's Joint Forces in charge of the area, said on Feb. 2. Speaking on national TV, Tregubov said Russian troops are pressing on Ukrainian positions on the outskirts of Vo
Reuters reported in December that Hyundai was unable to use the buyback option due to the ongoing war in Ukraine.
Ukraine, the U.S., and Russia are set to meet in Abu Dhabi on Feb. 4-5 for a new round of talks as part of ongoing efforts to negotiate a peace deal, President Volodymyr Zelensky said on Feb. 1.
"There were moments when there was a serious shortage of these missiles. I won't reveal any secrets. For example, there is a NASAMS system, but instead of six missiles in the launcher, there are only two," Yurii Ihnat, head of the Air Force's communications department, said.
Some 43% of Ukrainians do not believe that the war with Russia will end in 2026, up 14% from December, according to a poll by the Kyiv International Institute of Sociology (KIIS).
Explosions were reported overnight Feb. 2 in Russia's Belgorod region, where officials said an alleged Ukrainian drone attack sparked a fire in the city of Stary Oskol.
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.
Energy Minister Denys Shmyhal reported "a cascade shutdown" in Ukraine's power grid in the morning on Jan. 31.
