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Monday, October 5
Putin allows Italy's UniCredit banking group to reorganize, sell Russian subsidiary
UniCredit, one of the few European banks still active in Russia, announced in May that it plans to sell most of its Russian subsidiary — UniCredit Bank Russia — to a private investor from the United Arab Emirates, while retaining control over its payments arm.
He fled Maduro's Venezuela. Now he leads Ukraine's South American battalion.
The Bolivar Battalion consists of about 250 soldiers, most of them from Colombia, Chile, and Veneuzela.
Ukrainian pilots to soon start training on French Rafale jets, Zelensky says
France is preparing fresh defense assistance for Ukraine amid relentless Russian aerial attacks, with a new support package expected "soon," Zelensky revealed after his call with French President Emmanuel Macron.
Trump's Ukraine-Russia peace gambit begins to unravel. Again
U.S. President Donald Trump's latest push for peace between Ukraine and Russia is facing growing uncertainty, with few in Kyiv believing it can deliver a breakthrough — or even bring the three sides together for talks, the Kyiv Independent can reveal. The latest effort began in early September, when Trump's envoys traveled to Kyiv and Moscow seeking progress before the U.S. midterm elections. The trips produced one tangible outcome: an agreement in principle to hold a trilateral meeting betwee
What does Russia's rising military budget say about its plans for the war?
The Russian government began the month by submitting a three-year budget plan to parliament, proposing yet another increase in funding for its war against Ukraine. On the surface, the planned increase looks substantial. Russia's overall military budget is set to rise to around 17 trillion rubles (approximately $200 billion) in 2027, up from 12 trillion rubles in 2026 — a 27% increase in nominal spending. When combined with spending on law enforcement, another heavy budget line, expenditures on
Russian drones strike cargo ship in Black Sea, kill captain, Zelensky says
Ukrainian President Volodymr Zelensky confirmed that a civilian ship was attacked by two Russian drones, adding that it was a Turkish-owned ship transporting corn.
About War
The Kyiv Independent's coverage of Russia’s war in Ukraine. Russia launched its full-scale invasion of Ukraine on Feb. 24, 2022, after eight years of aggression against Ukraine that began in 2014 with the annexation of Crimea and fighting in Donbas. The war has resulted in tens of thousands of military and civilian casualties and displaced millions of Ukrainians. NATO and Western allies have provided military aid to Ukraine while the conflict continues across fronts in Ukraine’s south and east.
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Wealthy Russians have already contributed a total of 471 billion rubles (over $5.6 billion) to the state budget in 2026, according to Reuters. The payments are listed as "voluntary receipts" in budget documents.
