Business

Find your perfect present from Ukraine with our holiday gift guide

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A Ukrainian flag flies above the headquarters of the Ukrainian Finance Ministry in Kyiv, Ukraine, on Feb. 8, 2017.
Business

What Ukraine's ballooning debt means for its economy, and future

by Luca Léry Moffat

Ukraine's debt is ballooning. By the end of last year, the country owed over $213 billion to creditors — a hair's breadth away from the size of the country's entire economy. That doesn't include a new 90-billion-euro loan to Kyiv agreed by European leaders at a summit on Dec. 19, of which a sizable chunk will add to Ukraine's debt pile. As Russia's full-scale invasion approaches its fifth year and progress towards a peace deal remains uncertain, the anticipated postwar reconstruction boom is o

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'It means more than any medal' — Ukraine's skeleton racer sacrifices Olympic dream to honor war victims

Editor's note: This story has been updated to reflect details on the Court of Arbitration for Sport's ruling on Feb. 13, which upheld the disqualification. Wearing a helmet commemorating Ukrainian athletes killed by Russia is not allowed, the  International Olympic Committee (IOC) ruled on Feb. 12. Vladyslav Heraskevych, Ukraine's skeleton racer, was scheduled to compete in his third Olympic Games on Feb. 12. He was barred from taking part in the competition after refusing to change his helmet

Ukraine War Latest: UK to spend $545M on hypersonic weapons after Ukraine battlefield lessons

Key developments on Feb. 13 * Ukraine's battlefield lessons drive UK to spend over $545 million on hypersonic, long-range weapons in 2026 * Using Starlink ruse, Ukrainian cyber forces trick Russian soldiers into revealing positions, donating to armed forces * 'Modern Ukrainian technology, battle-tested' — Zelensky unveils 1st drone produced by German-Ukrainian joint venture * Ukraine's Unmanned Systems Forces release footage of strikes on Russian airfield in Crimea, other targets in occupie

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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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