Ukrainian forces are withdrawing U.S.-provided Abrams M1A1 battle tanks from the front lines after at least 5 have been destroyed by cheap Russian drones.
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
After a long wait, the US aid package for Ukraine of almost $61bn got the last seal with President Biden's signature on April 24, 2024. The sizeable package focuses especially on military material aid.
In a sting blow for the Kremlin, the European Parliament ruled that Russia’s presidential election was illegitimate and blamed Russian President Vladimir Putin personally for the “murder” of opposition activist Alexei Navalny.
Poland is ready to help Ukraine bring conscription-age men home after Kyiv stepped up its mobilisation effort, a top government official said this week. But hundreds of thousands of people leaving Poland could be a huge problem for the economy.
Russia’s oil and gas revenues surged in the first three months of this year by 79%, but Reuters calculated they will double in April compared to the same month a year earlier, the newswire reported on April 24.
A new report released by the Center for European Policy Analysis (CEPA) estimates the total damages from the Ukraine war at between $485bn and $1 trillion and notes that Western aid delivered thus far has been woefully inadequate for reconstruction.
The US secretly sent Ukraine long-range missiles in February ahead of the new $61bn aid package on April 20 that Kyiv used for the first time this week.
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
British Prime Minister Rishi Sunak met with German Chancellor Olaf Scholz in Berlin and promised closer defence cooperation as the UK announced a large hike in defence spending.
Ukraine drones hit and set on fire the RosNeft oil depot in the Yartsevo, Smolensk region as the sun began to rise on April 24.
Government queries president's comments, while Moscow attacks them as "provocative".
“Building the Power of Siberia 2 gas pipeline from Russia to China is a rational decision that would have made sense even before the war, but the project will never be able to replace Russia’s decimated gas trade with Europe."
With Emerging Europe increasingly polarised between democracies and authoritarian states, it is unclear in which direction the hybrid regimes – which fall between the two camps – will go, says Freedom House.
In the last week, two pieces of legislation have been passed, one in Kyiv and one in Washington, that appear to go some way to addressing the most pressing problems Ukraine faces in its war with Russia. They do not.
The US stepped forward to rescue Ukraine on April 21 that has been staring defeat in the face, and not a moment too soon. But the aid won't solve many of Ukraine's remaining problems nor will it allow Kyiv to win the war.
No one wants to mention the “D” word. It’s becoming increasingly difficult to pretend that Ukraine is not losing and getting closer to being defeated in the war with Russia.
Many of Ukraine’s cows have found themselves on the front line and some have been killed or were simply slaughtered when their owners fled the country to escape the invading Russian forces in 2022.
German gas trader SEFE has expressed concern over recent Russian attacks targeting Ukraine's largest underground storage facility with a capacity of 30bcm.