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Ukraine war latest: Kyiv brings back 189 Ukrainians from Russian captivity; US unveils $2.5 billion in aid

Key developments on Dec. 30: Ukraine brings back 189 people from Russian captivity in prisoner swap Biden announces $2.5 billion security assistance package for Ukraine Russian military suffers 427,000 casualties in 2024, Syrskyi claims Russia launched over 1,300 drone strikes, 250 missiles at Kyiv in 2024 Ukraine brought back 189 Ukrainian citizens from Russian captivity […]

Ukraine

December 30, 2024

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Ukraine’s 2025 budget clears first reading, allocates $53 billion for defense

Ukraine’s proposed 2025 budget passed its first reading in parliament on Oct. 31, allocating approximately 26% of the country’s GDP to defense and military spending. “The priority of next year's budget will also be security and defense. All taxes paid by people and businesses will go toward strengthening our defenders and military capabilities,” Prime Minister […]

Ukraine

October 31, 2024

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EU to allocate $36 billion of financial support to Ukraine

The European Union will provide 35 billion euros ($36 billion) in financial assistance to Ukraine in 2025 through the G7 ERA credit initiative and the Ukraine Facility program, European Commission's vice-president and trade commissioner announced on Jan. 22. Great to meet with @Svyrydenko_Y, Ukraine’s First Deputy PM, at #Davos2025. We discussed enlargement and steps to […]

Ukraine

January 22, 2025

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Ukraine war latest: US announces $20 billion loan for Ukraine as part of G7 initiative

Key developments on Dec. 10: US announces $20 billion loan for Ukraine as part of G7 initiative Zelensky announces 'successful tests' of new Ukrainian missile 70% of Ukrainians support 'West German' model for NATO accession, survey shows Explosions heard in occupied Donetsk Oblast city, Russian proxies announce evacuation Confusion over Russian advances in Sumy Oblast, […]

Ukraine

December 10, 2024

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Hungary blocks EU sanctions changes, holding up $50 billion G7 loan package for Ukraine

The landmark decision to provide Ukraine with a $50 billion loan from the profits of frozen Russian assets has been held up after Hungarian Finance Minister Mihaly Varga announced the blocking of necessary changes to the European Union's sanctions regime on Oct. 8. During the June Group of Seven (G7) summit in Italy, G7 leaders […]

Ukraine

October 8, 2024

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Ukrainians paid $24 billion in taxes in 2024, Finance Ministry reports

Ukrainian citizens and businesses paid over 1 trillion hryvnias ($24 billion) in tax in 2024, the Finance Ministry reported on Dec. 31. Corporate income tax amounted to Hr 270.8 billion ($6.5 billion), value added tax came to Hr 267.8 billion ($6.4 billion), personal income tax and military tax- a sum levied from citizens to support […]

Ukraine

December 31, 2024

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British PM Starmer to press Biden to release $20 billion aid for Ukraine before Trump takes office, Telegraph reports

British Prime Minister Keir Starmer is preparing to press outgoing U.S. President Joe Biden to release a $20 billion aid package for Ukraine during next week’s G20 summit in Brazil, the Telegraph reported on Nov. 12. This would be the latest part of European power’s attempt to persuade Biden to step up help to Ukraine […]

Ukraine

November 12, 2024

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Biden administration to announce its final $1.2 billion Ukraine aid package under USAI, Reuters reports

The Biden administration is planning to announce in the coming days its final aid package under the Ukraine Security Assistance Initiative (USAI) worth around $1.2 billion, Reuters reported on Dec. 20, citing unnamed sources. The U.S. provided more than $60 billion in military aid to Ukraine under the Biden administration. The USAI is a Pentagon-led […]

Ukraine

December 20, 2024

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‘We believe that in 5 years, Ukraine's defense sector will attract half a billion dollars;’ Q&A with foreign defense investors

Ukraine has become a hotbed of defense innovation, as Russia’s deadly invasion fuels a rapid development of new battlefield technologies. Kyiv now aims to become a global leader in the defense sector, but with its economy drained by the war, it needs foreign investment to accomplish its goal. Ukraine has the capacity to produce around […]

Ukraine

October 9, 2024

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Hungary loses out on about $1 billion in EU aid

Hungary will not receive 1.04 billion euros ($1.08 billion) in aid from the European Union due to violations of the rule of law, the German news agency DPA reported on Dec. 31, citing a European Commission spokesperson. The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards […]

Ukraine

January 1, 2025

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Ukraine's 2025 budget includes $1.3 billion for weapons production, minister says

Ukraine's budget for 2025 envisages Hr 55 billion ($1.3 billion) for weapons production, Strategic Industries Minister Herman Smetanin said on Nov. 12. Ukraine began actively developing its defense production after Russia's full-scale invasion in February 2022. Some Hr 54.55 billion ($1.3 billion) will be directly allocated for the development and implementation of new technologies, and […]

Ukraine

November 12, 2024

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IMF approves $1.1 billion in funding for Ukraine

The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $1.1 billion in funds for Ukraine via the Extended Fund Facility (EFF), the IMF announced on Dec. 20. The funds represent the latest tranche of the EFF program, which will provide Kyiv with $15.6 billion in budget support over four years. The […]

Ukraine

December 20, 2024

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