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Friday, December 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
Ukraine strikes Russian oil facilities in Caspian Sea again, SBU source says
Ukraine's Security Service (SBU) carried out a second drone strike this week on Russia's Vladimir Filanovsky oil production platform in the Caspian Sea, also hitting the nearby Korchagin platform, an SBU source said Dec. 12.
Explainer: Why Russia’s nuclear industry has escaped major sanctions
Since the start of its full-scale invasion of Ukraine, Russia has repeatedly threatened the use of atomic weapons, yet its much-prized nuclear industry has faced little in the way of meaningful sanctions. Russia's state atomic corporation, Rosatom, is a key part of the country's military-industrial complex — and is increasingly expanding its reach beyond nuclear weapons. By far the world's largest exporter of reactors and enriched uranium, it is a major player in the global civil nuclear indust
Ukraine war latest: 'No military purpose' — Russia strikes cargo ship in Odesa Oblast
Hello, this is Tania Myronyshena reporting from Kyiv on day 1,388 of Russia's full-scale invasion of Ukraine. Today's top story: Russian forces launched a missile strike on the civilian port of Chornomorsk in Ukraine’s Odesa Oblast, damaging a cargo ship, President Volodymyr Zelensky said on Dec. 12. "Today’s Russian strike, like many others, had no military purpose. It proves once again that Russians are not taking diplomacy seriously and are continuing their war — a war aimed at destroying
EU indefinitely freezes Russian assets, moving closer to financial lifeline for Ukraine
The European Union has agreed to indefinitely freeze Russian central bank reserves, moving the bloc a step closer to securing a financial lifeline to Kyiv as the war heads into its fourth year. "I welcome the decision of the council on our proposal to continue the immobilization of Russian Sovereign Assets," President of the European Commission Ursula von der Leyen wrote on Twitter on Dec. 12. The move means that roughly 210 billion euros ($245 billion) in Russian assets will now remain blocke
Ukraine confirms drone strike on major Russian oil refinery in Yaroslavl
Russia’s Slavneft-YANOS oil refinery in Yaroslavl, one of the country’s five largest, is reportedly on fire after being struck in an overnight drone attack on Dec. 12, officials and local Telegram channels said.
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About the author: Olena Havrylchyk is a Professor of Economics at the University Paris 1 Panthéon-Sorbonne. The proposal to use immobilized Russian assets to finance a "reparation loan" for Ukraine will again be discussed at the next European Council meeting on Dec. 18 and 19. The purpose of this loan is to advance Russia’s future reparations in order to cover Ukraine’s reconstruction and recovery needs, which are estimated at 506 billion euros (nearly $589 billion). At the previous summit, B
