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With all eyes on Orban, billions more for Ukraine at risk as reforms derail

For more news like this directly into your inbox, subscribe to our weekly Ukraine Business Roundup newsletter. Billions in urgently needed financing to Ukraine are at risk as a deepening political crisis jeopardizes access to aid — all while Hungary continues to block a separate financial lifeline. Ukraine has so far failed to implement reforms needed to unlock almost $4 billion in World Bank and EU loans, putting it on track to permanently lose access to some earmarked funds for the first tim

Hungary’s Prime Minister Viktor Orban arrives at the European Council meeting in Brussels, Belgium, on June 26, 2025.

Amid Iran war, Ukrainian drone makers fear Zelensky risks missing 'window of opportunity'

Ukraine’s drone industry is abuzz with anticipation of a deal that would allow them to sell interceptor drones abroad, hoping for the first big relaxation of wartime export restrictions that would finally put their technology in the hands of foreign militaries amid the U.S. war with Iran. But President Volodymyr Zelensky is seemingly holding out for a deal over PAC-3 missiles, an anti-air munition for Patriot systems that are uniquely good at defending against Russian ballistic attacks. The re

Ukrainian Sting drone interceptors in an undated photo.

About Crimea

Russia invaded Ukraine's Crimean Peninsula in February 2014 amid the deadliest days of the EuroMaidan Revolution. Around 30,000 Russian troops crossed into Crimea, taking hold of the peninsula by early March 2014. Russia has continued to occupy Crimea ever since. Crimea covers an area of around 27,000 square kilometers (10,400 square miles), roughly the same size as the U.S. state of Massachusetts.

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