Forbes Ukraine first reported on June 8 that Schmidt and his wife, Wendy Schmidt, had acquired a combined 36% stake in seven companies under the Dragon Capital group, a major Kyiv-based investment firm.
Russian independent media outlet Mediazona, in collaboration with the BBC Russian service, has confirmed the identities of 225,019 Russian military personnel killed in Ukraine.
"We will open the cluster on fundamentals; the backbone of the accession process," European Commission President Ursula von der Leyen said on June 12. "It covers the core values and principles on which the EU is built, from the rule of law to strong democratic institutions."
Ukrainian heavyweight boxing champion Oleksandr Usyk met with U.S. President Donald Trump at the White House on June 12, according to a post shared by presidential communications adviser Margo Martin on X.
The U.K. announced on June 12 that it will fully phase in its ban on diesel and jet fuel produced from Russian crude oil by Jan. 1, 2027, as part of broader efforts to cut off revenue streams funding Moscow's war against Ukraine.
The International Monetary Fund (IMF) and Ukraine have reached a staff-level agreement on the first review of Kyiv's four-year Extended Fund Facility (EFF) program, potentially unlocking approximately $690 million in additional funding, the IMF announced on June 12.
Key developments on June 12: * Ukraine announces landmark military service reforms with record pay raise for infantry * Russian rubber plant, oil refineries struck by Ukrainian drones in latest overnight attack, military confirms * Ukrainian drone maker Skyfall partners with Airbus on defense innovation * Sumy hit by morning artillery bombardment as Russian strikes across Ukraine kill at least 6, injure 52 over past day * 'High probability' of Russian missile launch from Oreshnik site over
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.
The confirmed hit put the bridge out of commission, and additional strikes are not needed, the Da Vinci Regiment said, adding that "the enemy's important logistical route is completely paralyzed."
