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'The key to ending the war is in Brussels' — Ukrainians react to Belgium's Russian asset loan opposition
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'The key to ending the war is in Brussels' — Ukrainians react to Belgium's Russian asset loan opposition

by Luca Léry Moffat

Ukrainians say that Belgium's Prime Minister Bart de Wever holds the key to Russia's defeat, after he said that Russia's loss in Ukraine was a "total illusion." De Wever was speaking in an interview with Belgian newspaper La Libre on Dec. 2, the day before the European Commission announced a "reparations loan," a plan that could lend up to 210 billion euros in immobilized Russian central bank reserves to Kyiv. "But who really believes that Russia will lose in Ukraine? It's a fairy tale, a tota

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US Treasury extends waiver allowing Lukoil gas stations outside of Russia to operate, despite sanctions

The Trump administration on Dec. 4 extended a waiver that lets Lukoil-branded gas stations abroad stay in business, softening elements of the sanctions imposed on the firm in October. . According to a Treasury Department posting, the waiver permits operations at roughly 2,000 stations across Europe, Central Asia, the Middle East, and the Americas through late April, 2026. The sanctions, imposed simultaneously on Lukoil and Rosneft, marked the first direct U.S. penalties against major Russian e

War Notes: From the battlefield

Editor’s note: To mark the fourth birthday of the Kyiv Independent, the War Notes newsletter team decided to pass one edition of the newsletter to a special guest writer, who could capture the time and place we are at in Russia's war against Ukraine from a new perspective. You can subscribe to War Notes and the Kyiv Independent’s other newsletters here. About the author: Dimko Zhluktenko is a drone operator in Ukraine's Unmanned Systems Forces and co-founder of military aid volunteer organizati

Ukraine calendar: What will happen this week

Editor's note: This article is a shortened on-site version of KI Insights' public newsletter, The Week Ahead, covering events from December 8-14. Sign up here to start your week with an agenda of Ukraine-related events delivered directly to your inbox every week. The European Union is pressing ahead with efforts to secure a reparations loan backed by frozen Russian assets. Today, European Commission President Ursula von der Leyen and Germany’s Chancellor Friedrich Merz are holding an emergency

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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.

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