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Ukraine's central bank holds rate steady despite falling inflation
The National Bank of Ukraine voted to keep its benchmark interest rate unchanged at 15.5%, amid steep uncertainty over the country's financing next year.
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Friday, December 12
SBU says it detained 3 suspected Russian agents over deadly Kyiv bombing that killed National Guard serviceman
Ukraine’s Security Service said Friday that it detained three men suspected of planting two homemade bombs that killed a National Guard serviceman and wounded four other people in Kyiv a day earlier.
Ukraine war latest live: Ukrainian forces encircle Russian troops in Kupiansk, recapture key areas, DeepState reports
Ukrainian Defense Forces have encircled Russian troops in Kupiansk, Kharkiv Oblast, and cleared its northwestern outskirts, the open-source intelligence group DeepState reported on Dec. 12.
Peace plan drama — Ukraine and Europe hand US revisions as Trump grows 'sick of meetings'
Ukraine and its European partners have handed Washington their revisions to the U.S.-proposed peace framework aimed at ending Russia's war, the Kyiv Independent has learned. The move comes amid growing U.S. pressure to advance negotiations and fresh accusations from U.S. President Donald Trump that President Volodymyr Zelensky is the one refusing to agree to the American plan. The next round of discussions is expected on Dec. 13, though White House press secretary Karoline Leavitt signaled imp
Russia’s air defenses have a Flamingo missile-sized weak spot, report suggests
Ukraine's domestically produced cruise missiles could help deal a devastating blow to Russia's air defense production, enabling increasingly effective long-range drone strikes against other targets inside Russia, a new report published on Dec. 12 says. The report from the Royal United Services Institute (RUSI) and titled "Disrupting Russian Air Defence Production: Reclaiming the Sky," identifies "significant vulnerabilities" in the production process of several of Moscow's most important air de
‘Reality speaks for itself’ — From war-torn Kupiansk, Zelensky praises troops after reports of successful Ukrainian counterattack
President Volodymyr Zelenskyy praised troops in the Kupiansk direction and said battlefield gains strengthen Ukraine’s diplomatic position, as the National Guard’s 2nd Khartiia Corps reported a counterattack north of the city.
15 Ukrainians are suing US tech factories over chips in Russia's deadly weapons
It was a regular workday when the air raid alarm sounded at Okhmatdyt Children’s Hospital at 11 a.m. on a Monday in Kyiv. Dr. Olga Babicheva and her colleagues moved their young patients to a room with no windows to better protect them. Six children were still undergoing procedures, so they rushed back to finish them. "Then the explosion happened. I woke up the next day in the hospital. I spent three months recovering. I’m back at work, but the consequences stay with me," she recalled. That st
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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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Just last year, the battlefield in Ukraine was most dangerous when the shooting started. Now it is often the moments before and after, when soldiers change positions under the eyes of prowling drones. For two Ukrainian soldiers — Oleksandr Tishaiev and Oleksandr Aliksieienko — this modern battlefield reality turned what should have been a relatively routine month-long deployment, into a gruelling 165-day battle against not only Russian forces but also starvation, dehydration, and insanity. "We
