The partnership with the World Bank's insurance arm, the Multilateral Investment Guarantee Agency or MIGA, will insure DFC projects in Ukraine against political and war-related risks.
"We will not allow the shadow fleet to evade sanctions and fund Russia's war effort. Europe is determined," French President Emmanuel Macron wrote on X on June 25.
The partnership with the World Bank's insurance arm, the Multilateral Investment Guarantee Agency or MIGA, will insure DFC projects in Ukraine against political and war-related risks.
The latest attack comes as the peninsula's energy grid has come under strain in recent days after Russian proxy authorities said widespread power outages in occupied Crimea on June 23 left approximately half of the peninsula without electricity.
Russian Foreign Minister Sergey Lavrov and Kremlin spokesperson Dmitry Peskov dismissed reporting by the Kyiv Independent that U.S. President Donald Trump privately encouraged President Volodymyr Zelensky to act "more boldly" toward Russia.
"The funds have already been transferred to the state budget and will be used to strengthen Ukraine's defense capabilities and social resilience," Prime Minister Yulia Svyrydenko wrote on Telegram.
Russian forces retreated under "heavy fire," with the evacuation of surviving personnel continuing, the statement read.
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.
"I would like to say a few words about matters that are not directly related to today's specific agenda items," the Russian leader said during a video conference with members of the government.
