Business

Find your perfect present from Ukraine with our holiday gift guide

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A Ukrainian flag flies above the headquarters of the Ukrainian Finance Ministry in Kyiv, Ukraine, on Feb. 8, 2017.
Business

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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Ukraine will not accept a bad peace deal, Zelensky says

In an interview with The Atlantic, President Volodymyr Zelensky said he would rather accept no deal than pressure Ukrainians into a bad one, insisting that any settlement to end the war must ensure a dignified, lasting peace.

Ukraine war latest: SBU claims new 'range record' with drone strike on Russian oil refinery in Komi Republic

Key developments on Feb. 12 * 'A new range record'— Ukrainian drones strike oil refinery in Russia's Komi Republic, SBU source says * 'Do not deprive us' — Russian soldiers, milbloggers furious at Putin over Telegram ban * Russian losses exceeded recruitment for second month in a row, Ukraine says * UK to provide additional £500 million for Ukraine’s air defense * Russia targets Kyiv, Ukrainian cities with ballistic missiles as Moscow stalls on peace talks Ukrainian long-range drones stru

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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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