
Ukraine holds key rate at 15% as inflation risks persist after Middle East energy shock
The bank said that inflation slowed in May to 8.2%, after a bump from 7.4% in January to 8.6% in April, partly driven by the war in the Middle East.

The bank said that inflation slowed in May to 8.2%, after a bump from 7.4% in January to 8.6% in April, partly driven by the war in the Middle East.
"Russian ballistic missiles remain a problem, and we need an answer to that problem," President Volodymyr Zelensky said.

Russia's new law authorizing the use of military force abroad to "protect Russian citizens" allows the Kremlin to deploy troops beyond Russia's borders if Russian citizens are deemed to face arrest, detention, trial, or other forms of perceived persecution by foreign states or international courts. Many will read this primarily as a possible legal basis for future intervention. Yet there's one more application we should all be aware of. Russia has previously justified military action beyond it

The U.K. will provide Ukraine with 150,000 drones and more than 350 air defense missiles and radar systems under a new military aid package worth 752 million pounds ($1 billion), the British government announced on June 18. The package, unveiled during the NATO defense ministers' meeting and Ukraine Defense Contact Group (UDCG) gathering in Brussels, will be financed through the U.K.'s 2.26 billion-pound ($3 billion) Extraordinary Revenue Acceleration (ERA) loan to Ukraine, backed by proceeds g

Tulsi Gabbard said she is resigning to support her husband, who is battling "an extremely rare form of bone cancer."

Ukraine's Air Force said Russia launched seven Iskander-M/S-400 ballistic missiles and 239 drones overnight on June 18.

The Coordination Headquarters for the Treatment of Prisoners of War (POWs) has not specified how many civilians and military personnel were among the 522 repatriated bodies.

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.

Belarusian leader Alexander Lukashenko said that Belarus poses no military threat to Ukraine and apologized to President Volodymyr Zelensky for previous harsh remarks, according to an interview with Al Arabiya.