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Ukraine's central bank holds rate steady despite falling inflation
The National Bank of Ukraine voted to keep its benchmark interest rate unchanged at 15.5%, amid steep uncertainty over the country's financing next year.
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Friday, December 12
15 Ukrainians are suing US tech factories over chips in Russia's deadly weapons
It was a regular workday when the air raid alarm sounded at Okhmatdyt Children’s Hospital at 11 a.m. on a Monday in Kyiv. Dr. Olga Babicheva and her colleagues moved their young patients to a room with no windows to better protect them. Six children were still undergoing procedures, so they rushed back to finish them. "Then the explosion happened. I woke up the next day in the hospital. I spent three months recovering. I’m back at work, but the consequences stay with me," she recalled. That st
Europe must prepare for war with Russia, NATO chief warns
"We must be prepared for the scale of war our grandparents and great-grandparents endured," NATO Secretary General Mark Rutte warned.
One of Russia’s largest oil refineries ablaze amid reported Ukrainian drone strike on Yaroslavl
Russia’s Slavneft-YANOS oil refinery in Yaroslavl, one of the country’s five largest, is reportedly on fire after being struck in an overnight drone attack on Dec. 12, officials and local Telegram channels said.
Trump 'extremely frustrated' with Russia, Ukraine amid slow peace progress, White House says
U.S. President Donald Trump is "extremely frustrated" with both Russia and Ukraine amid ongoing diplomatic efforts to end the war, White House press secretary Karoline Leavitt said during a Dec. 11 press briefing, as the United States weighs whether to join Ukraine and European partners for talks this weekend.
Russian attack on Odesa damages critical infrastructure, leaves parts of the city without power and water
A Russian airstrike on Odesa on Dec. 12 damaged infrastructure and left parts of the city without electricity and water, the head of the Odesa Military Administration, Serhiy Lysak, reported.
Drone reportedly hits apartment building in Russia's Tver, officials say 7 injured
A drone explosion damaged the lower floors of a residential building in the Russian city of Tver on Dec. 12, injuring at least seven people, according to regional officials and local Telegram channels.
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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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Just last year, the battlefield in Ukraine was most dangerous when the shooting started. Now it is often the moments before and after, when soldiers change positions under the eyes of prowling drones. For two Ukrainian soldiers — Oleksandr Tishaiev and Oleksandr Aliksieienko — this modern battlefield reality turned what should have been a relatively routine month-long deployment, into a gruelling 165-day battle against not only Russian forces but also starvation, dehydration, and insanity. "We
