Kyiv will have to improve its revenue collection and how efficiently it spends money, the European Commission said in a press release on May 20, if it wants to access more than $8 billion of the loan.
The initiative comes as Russia expands a broader recruitment campaign targeting students for its newly created drone units amid mounting battlefield losses in Ukraine.
The Russian economy is losing momentum as the cost of the war mounts — sowing discord at the highest levels of the state and posing growing problems for President Vladimir Putin. After four years of proudly insisting that Russia could withstand sanctions imposed by the West in response to its full-scale invasion of Ukraine, the Kremlin is now confronting the reality that the war economy that initially spurred growth is increasingly straining the system. Meanwhile, there is a growing sense that
"Today, Ukraine is bringing home not only an outstanding figure — we are restoring a part of our own historical memory," the statement from the Patriarchal Cathedral of the Resurrection of Christ reads.
"We are bringing the war home to Russia, and this is entirely fair," President Volodymyr Zelensky said on X.
The visit would mark the first known attendance by a representative of a U.S. president's administration at the forum in several years.
Moscow launched 124 drones across Ukraine, 115 of which were intercepted by Ukrainian air defenses, according to the Air Force.
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.
Kyiv will have to improve its revenue collection and how efficiently it spends money, the European Commission said in a press release on May 20, if it wants to access more than $8 billion of the loan.
