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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.
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Friday, June 19
Hungary's Magyar weakens EU stance on Ukraine accession
The conclusions of the meeting of EU leaders on June 18 have been watered down, at the insistence of Hungarian Prime Minister Peter Magyar, to reduce the urgency of advancing Ukraine's EU accession process. Three days prior, the EU opened the first of six so-called enlargement clusters for Ukraine and Moldova, to-do lists that they must complete to become the union's member states. It was expected that the remaining five clusters would open in July at the latest. The draft conclusions for the
EU leaders agree to 12-month extension of Russia sanctions
European Union leaders agreed on June 18 to extend sanctions against Russia for another 12 months instead of the customary six-month period.
Thursday, June 18
Poland pushes for permanent US base as Pentagon reassesses European posture
"The U.S. responded positively to Poland's proposal to establish a permanent U.S. military base in Poland," Polish Defense Minister Wladyslaw Kosiniak-Kamysz said June 18 after meeting with U.S. Defense Secretary Pete Hegseth.
EU leaders push bloc to assert itself on Russia peace talks
The EU should engage more in diplomatic efforts to end Russia's war of aggression against Ukraine, according to draft conclusions of the June 18-19 European Council summit seen by the Kyiv Independent. The EU leaders' meeting follows weeks of media-driven speculation over who should represent Europe in any future peace talks. During that time, the E3 countries (France, Germany, and the U.K.) put out their own feelers to their Russian counterparts, as did the team of European Council President A
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Ukraine war latest: Black smoke rises over Moscow as Ukrainian drones strike refinery in Russian capital
Key developments on June 18: * Ukraine launches largest drone attack on Moscow since start of Russia's full-scale invasion, hits oil refinery * European Council explores opening communication channels with Kremlin * Kyiv denies Russian claim that Ukrainian drone struck bus carrying Belarusian children's football team * Belgium, Germany, Sweden, Netherlands announce new military aid, F-16s for Ukraine ahead of NATO defense ministers' meeting * Kyiv repatriates 522 bodies that Moscow claims
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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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Lukashenko says Belarus poses no military threat to Ukraine, apologizes to Zelensky for past remarks
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.
