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Tuesday, December 16
Talks on reparations loan for Ukraine continue as key summit approaches
European leaders will decide on Dec. 18–19 whether to proceed with a "reparations loan," a plan to lend up to 210 billion euros in frozen Russian assets to Ukraine.
Ukraine war latest live: Kyiv needs $60 billion from partners to fund defense against Russia in 2026, minister says
Ukraine requires its partners to cover half of its projected $120 billion of defense spending to stay in the fight against Russia in 2026, Defense Minister Denys Shmyhal said on Dec. 16.
Turkey shoots down 'out of control' drone over Black Sea
The incident comes as Ankara rebukes both Kyiv and Moscow over escalating hostilities in the Black Sea amid Russia's all-out war against Ukraine.
What we know about Russia’s offensive in Siversk
Bakhmutka River emerges as Siversk’s last line of defense as Russia presses assault
Russia's strong currency puzzles economists, signals economic woes
Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It soon dropped to 79 rubles per U.S. dollar, an exchange rate close to one seen on the eve of Russia's full-scale war. Ruble's strength came despite increasing sanction pressure by the Trump administration, which began targeting Russian oil giants Lukoil and Rosneft in October. The measures, which f
Leaders sign treaty establishing body to decide Ukraine war reparations
President Volodymyr Zelensky, together with 35 leaders, signed off Tuesday, Dec. 16 on the creation of an international body that would decide on compensation claims tied to Russia's invasion of Ukraine, but left unanswered the question of how the organization will be funded. During a meeting in The Hague, leaders from the European Union, Canada, Mexico, and Japan gave the formal go-ahead to establish the International Claims Commission, which aims to reimburse Ukrainians for financial damage c
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Russian air defense units have shot down at least 15 unmanned aerial vehicles (UAVs) en route to Moscow, Mayor Sergey Sobyanin said.
Editors' Picks
‘No need to hold referendums’ — Amid US pressure, Ukrainians reject territorial concessions
'It’s a second front line' — The Ukrainian power plant workers battling to make repairs under Russian attacks
India’s short-sighted embrace of Russia will endanger its own national security
