Ukraine needs $565 billion to rebuild after Russia's war.

8:27 PM

Azerbaijani lawmaker blames Russia for February cyberattack.

Russia was behind the February cyberattack on Azerbaijani media, Ramid Namazov, head of the Azerbaijani parliament's commission on countering hybrid threats, said on May 2, the APA news agency reported.

8:15 PM

Son of ex-Motor Sich president detained in Monaco for $650 million asset theft.

Motor Sich's former president Vyacheslav Bohuslayev was detained in Monaco on fraud charges linked to a $650 million asset scheme, Ukraine's Security Service (SBU) announced on May 2.

6:26 PM

Trump's team prepares economic options against Russia, Bloomberg reports.

The sources told Bloomberg that U.S. President Donald Trump is yet to make a decision, as diplomatic efforts to end the war are still underway.

5:28 PM

Video

One night with 3rd Assault Brigade medics in a new age of war.

The Kyiv Independent’s Francis Farrell and Olena Zashko spent a night at the stabilization point of the 3rd Separate Assault Brigade, one of Ukraine’s most battle-hardened units now fighting in Kharkiv Oblast. As drones reshape modern warfare, medics face mounting challenges: evacuations get harder and slower, turning survivable wounds into potentially fatal ones.

5:28 PM

Ukraine's agricultural exports drop 23.4% in April.

"This export decrease follows typical seasonal patterns. The majority of harvested produce has already been exported, with only minor volumes remaining for export," the Ukrainian Agribusiness Club said.

7:20 PM  (Updated:  May 2, 2025 5:00 pm)

Business

A billion-dollar question mark — the details of the U.S.-Ukraine minerals deal

3:51 PM

Belgium's Euroclear to redistribute $3,4 billion from frozen Russian assets, media reports.

The payout, drawn from a pool of 10 billion euros ($11.3 billion) in cash frozen under EU sanctions since Russia's full-scale invasion of Ukraine, comes in response to Russia's confiscation of billions in Western-held assets over the past year.

3:51 PM

KI Insights

Reforms, Transitions, and Market Opportunities: Ukraine's Deal Pipeline in 2025​ – briefing by KI Insights

1:53 PM  (Updated:  May 2, 2025 3:38 pm)

Ukrainian activist, volunteer Sternenko injured in attack, suspect detained.

According to the SBU, the attack on Serhii Sternenko was an attempted assassination involving a firearm. His life is not in danger.

2:52 PM

Ukroboronprom posts $315 million profit as production triples.

Ukraine's largest state-owned defense company Ukroboronprom reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year, according to a press release at the company's website.

2:25 PM

‘This cannot be allowed’ — Israeli opera hires Russian singers, Ukrainian director quits in protest

2:12 PM

Germany classifies AfD as confirmed right-wing extremist organization.

Until now, only AfD's regional branches in Thuringia, Saxony, and Saxony-Anhalt held that status, while the national party had been under observation as a suspected extremist group.

1:02 PM

Global press freedom enters 'difficult situation' due to financial, propaganda pressure, RSF warns.

The index highlights an unprecedented economic crisis across independent outlets in Europe, worsened by the collapse of American aid and the spread of Russian propaganda.

12:49 PM

US confirms sending decommissioned F-16s to Ukraine for spare parts support.

According to an Air Force spokesperson, the U.S. Department of the Air Force "has supported the sustainment of European-donated F-16s to Ukraine by providing disused and completely non-operational F-16s to Ukraine for parts."

11:48 AM

Massive drone attack reportedly targets Russian military sites in occupied Crimea.

The pro-Ukrainian Crimean Wind Telegram channel reported explosions in several key locations, including Sevastopol, Dzhankoy, Saki, Novofedorivka, and Kacha — sites that host Russian military airfields.

10:26 AM

US shifting focus from Ukraine war mediation, calling for Kyiv and Moscow to engage directly, State Dept says.

"We are not going to fly around the world at the drop of a hat to mediate meetings; that is now between the two parties, and now is the time that they need to present and develop concrete ideas about how this conflict is going to end," U.S. State Department spokesperson Tammy Bruce said.

9:12 AM

US-Ukraine minerals fund could begin operating within months, Economy Minister says.

"Our task is to do this as soon as possible, but it is very difficult to predict it now. I think it will take months, definitely not years," First Deputy Prime Minister Yulia Svyrydenko said.

8:14 AM

General Staff: Russia has lost 954,300 troops in Ukraine since Feb. 24, 2022.

The number includes 1,110 casualties that Russian forces suffered over the past day.

7:52 AM

Experts warn US-Ukraine minerals deal may take a decade to deliver returns, Reuters reports.

Despite the uncertainty, Ukrainian officials have touted the deal as a political milestone that could help revive U.S. support under Donald Trump.

12:35 AM  (Updated:  May 2, 2025 6:38 am)

Russian drone attack on Zaporizhzhia kills 1, injures 28.

Russia forces launched drone attacks on Zaporizhzhia late at night on May 1, killing one person and injuring seven others, local officials reported.

5:42 AM

Vance says war in Ukraine won’t end 'any time soon,' urges sides to agree on peace terms.

It is "going to be up to the Russians and Ukrainians now that each side knows what the other's terms for peace are. It's going to be up to them to come to an agreement and stop this brutal, brutal conflict," U.S. Vice President JD Vance said.

4:38 AM

French minister calls Putin 'sole obstacle' to peace as EU prepares 17th sanctions round, AFP reports.

"Vladimir Putin's Russia has made no effort, has sent no sign that it is ready for the ceasefire or the peace that President Donald Trump aspires to, and that the Europeans and, of course, the Ukrainians aspire to," French Foreign Minister Jean-Noel Barrot said.

2:09 AM

'This is a total economic partnership' —Treasury Secretary suggests reset in relations between US, Ukraine amid newly-signed minerals deal.

"I think this is a strong signal to the Russian leadership and it gives President Trump the ability to now negotiate with Russia on an even stronger basis as opposed to the daylight that had been previously created between the U.S. and Ukraine," U.S. Treasury Secretary Scott Bessent told Fox Business on May 1.

12:03 AM

Putin may have shifted war objectives towards holding occupied territories, boosting economy, intelligence suggests.

New Western intelligence suggests that Russian President Vladimir Putin may have shifted his immediate war objectives towards holding occupied Ukrainian territories as well as growing his country's struggling economy, CNN reported on May 1, citing Western officials familiar with the matter.

11:11 PM

War update

Ukraine war latest: Ukraine destroys 83,000 Russian targets using drones in April, Syrskyi says