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A Ukrainian flag flies above the headquarters of the Ukrainian Finance Ministry in Kyiv, Ukraine, on Feb. 8, 2017.
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What Ukraine's ballooning debt means for its economy, and future

by Luca Léry Moffat

Ukraine's debt is ballooning. By the end of last year, the country owed over $213 billion to creditors — a hair's breadth away from the size of the country's entire economy. That doesn't include a new 90-billion-euro loan to Kyiv agreed by European leaders at a summit on Dec. 19, of which a sizable chunk will add to Ukraine's debt pile. As Russia's full-scale invasion approaches its fifth year and progress towards a peace deal remains uncertain, the anticipated postwar reconstruction boom is o

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Friday, February 13

Ukraine struck $100 million Russian Nebo-U radar system in occupied Crimea, General Staff claims

Ukraine struck a Russian 55Zh6U "Nebo-U" long-range radar station, estimated to cost around $100 million, near Yevpatoriia in occupied Crimea, the General Staff of Ukraine’s Armed Forces reported on Feb. 13. The Nebo-U is a strategic early-warning radar designed to detect aerodynamic and ballistic targets at long distances and forms part of Russia’s layered air defense architecture. Similar systems have previously been targeted by Ukrainian forces in an effort to weaken Russia’s surveillance an

Russia confirms $12 trillion pitch to Trump tied to Ukraine deal — White House stays silent on proposals

Russia appeared to confirm on Feb. 13 the existence of a sweeping U.S.-Russia economic proposal known in Kyiv as the "Dmitriev package," days after President Volodymyr Zelensky first disclosed it publicly. The Ukrainian president said on Feb. 6 that intelligence had briefed him on what he described as a roughly $12 trillion framework for large-scale economic cooperation between Moscow and Washington. "Intelligence showed me the so-called 'Dmitriev package' that he presented in the U.S. — it am

Regarding the torture of Ukrainians

Torturing prisoners is not merely a war crime that Russians perpetrate, it's part of Russian culture. Susan Sontag's 20-year-old essays may help us understand it. In the Kyiv Independent's latest investigative documentary "Torture Culture," we examine the sufferings that Russians systematically inflict on their Ukrainian prisoners — all the beatings, electrocutions, mutilations, sexual abuse, psychological violence — not only as a war crime but also a cultural phenomenon, something that Russian

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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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