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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Ukraine war latest: SBU claims new 'range record' with drone strike on Russian oil refinery in Komi Republic

Key developments on Feb. 12 * 'A new range record'— Ukrainian drones strike oil refinery in Russia's Komi Republic, SBU source says * 'Do not deprive us' — Russian soldiers, milbloggers furious at Putin over Telegram ban * Russian losses exceeded recruitment for second month in a row, Ukraine says * UK to provide additional £500 million for Ukraine’s air defense * Russia targets Kyiv, Ukrainian cities with ballistic missiles as Moscow stalls on peace talks Ukrainian long-range drones stru

Can Ukraine survive without the US — and can Europe fill the gap?

Since Donald Trump's return to office, Kyiv and its European allies have shared one overriding fear: a full U.S. withdrawal from the war effort. Washington remains a supplier of hard-to-replace military hardware — paid for by European allies or allocated by the previous administration — and vital intelligence assistance, helping Ukraine to defend its skies and strike deep behind Russian lines. But as Trump's attention might soon pivot to the midterm elections at home, or be swayed by Russia's

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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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