The European Bank for Reconstruction and Development (EBRD) will enable Ukrainian banks to provide up to 900 million euros ($1.05 billion) in new loans by sharing credit risks, the EBRD announced in a press release on July 7.

The loans will target companies in agribusiness, manufacturing, pharmaceuticals, transport and logistics, as well as energy security projects.

The mechanism will be announced at the Ukraine Recovery Conference (URC) in Rome on July 10-11. This represents the largest risk-sharing facility implemented in Ukraine since the war began, according to the EBRD's press release.

Due to destructive Russian attacks on Ukrainian energy infrastructure, the EBRD will also focus on supporting distributed generation and renewable energy projects.

Russian forces have damaged most of Ukraine's thermal power plants and about 30% of power stations, disrupting nearly two-thirds of the country's total electricity generation, the bank says.

The EU, together with other EBRD donors, has developed plans to de-risk renewable energy investments to attract more private capital, which they will announce at the URC.

Nearly one-third of EBRD's wartime financing to Ukraine — 2.4 billion euros ($2.8 billion) — has gone to the energy sector. This includes support for state-owned electricity transmission and gas companies, as well as financing for hydropower and small-scale distributed generation.

In a pre-URC press release, the EBRD also expressed interest in supporting the development of a natural graphite deposit in Ukraine following the U.S.-Ukraine minerals agreement. Graphite is a strategic material used in batteries and defense applications.

The bank will launch the second phase of digitizing Ukraine's paper-based geological data archive to make information about mineral deposits more accessible, the EBRD reports.

Since Russia's full-scale invasion in 2022, the EBRD has invested over 7.2 billion euros ($8.4 billion) in Ukraine's economy.

Zelensky, Trump discussed replacement of Ukraine’s US ambassador, source says

Oksana Markarova has held the post since April 2021, and played a central role in coordinating U.S. military and financial support during the early phases of Russia’s full-scale invasion.

The Kyiv IndependentTim Zadorozhnyy

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on the Russian IT company Aeza Group for hosting infostealers and ransomware operations, according to a press release published on July 1.

Restrictions were imposed on two subsidiaries and four members of the Aeza Group's management as well, the statement read.

The U.S. Treasury Department characterized Aeza as a "bulletproof hosting service" that provided services to the Meduza and Lumma infostealers, as well as to the BianLian and RedLine ransomware groups.

Aeza Group also hosted the Russian-language darknet marketplace for illegal drugs, BlackSprut.

According to the U.S. Treasury Department, Aeza Group sells access to specialized servers that help cybercriminals avoid detection and resist attempts by law enforcement agencies to suppress their criminal activities.

Sanctions against the company involve blocking all assets of the named individuals located in the U.S. Any legal entities that are owned, directly or indirectly, individually or in the aggregate, by 50% or more by one or more of the mentioned individuals are also blocked.

Violation of the U.S. sanctions may result in civil or criminal penalties.

The news comes as Ukraine continues to call on the U.S. to strengthen sanctions against Russia. Despite Russia's refusal to accept the ceasefire proposal and its army's ongoing advance across Ukrainian territory, the Trump administration has not yet imposed new restrictions.

Meanwhile, Senators Lindsey Graham (R) and Richard Blumenthal (D) introduced a bill to impose a 500% tariff on imports from countries that continue to buy Russian oil and raw materials.

The legislation currently has broad bipartisan support, with 82 out of 100 U.S. senators backing it. U.S. House Speaker Mike Johnson also voiced his support for the bill.

Ukraine’s new interceptor UAVs are starting to knock Russia’s long-range Shahed drones out of the sky

Russia’s Shahed drone swarms are pummeling Ukraine on a nightly basis, inflicting ever more death and destruction in cities that had managed to carve out some sense of normalcy amid wartime. Civilian alarm has grown. With traditional air defense stockpiles running low, the government is banking on newly created

The Kyiv IndependentKollen Post

Ukraine's security service (SBU) is teaching teenagers how to avoid recruitment by Russian intelligence online, the New York Times (NYT) reported on June 21.

"Maybe not all of these special operations are reported in the media — but believe me, the enemy is not sleeping... They are working actively and carrying out illegal activities, as strange as it may sound, directly inside your phones," SBU spokesperson Roksolana Yavorska-Isaienko told students.

Approximately 22% of Ukrainians recruited by Russian intelligence to conduct sabotage or terrorist attacks are minors, Artem Dekhtiarenko, SBU spokesperson, said on April 2.

Russian intelligence attempts to recruit Ukrainian civilians online, offering easy money in return for sharing sensitive data or preparing sabotage or terrorist acts.

Russian intelligence finds its recruits using social platforms, including Telegram, Discord, and TikTok.

Unsuspecting teenagers are often offered hundreds or even thousands of dollars to conduct simpler tasks such as delivering packages or taking photos of energy sites, the NYT reports.

More serious tasks are commonly assigned to teenagers once they have been blackmailed for conducting less serious operations beforehand or when their phones are hacked to reveal compromising photos.

Russian intelligence is actively attempting to recruit Ukrainian nationals for illegal operations across the EU, Ukraine's military intelligence agency (HUR) said on June 2.

"The recruitment of Ukrainians for hostile operations in Europe is yet another tool of hybrid aggression that the Russian Federation is waging against Ukraine and the entire European community," HUR said.

The SBU caught a Russian agent as he was filming a military airfield in preparation for a Russian strike, the agency reported on June 15.

The Russian Federal Security Service (FSB) recruited the unemployed 24-year-old via the Telegram messaging app to collect coordinates for air attacks on airfields and logistic depots, the SBU said.

The Russian FSB allegedly offered "easy money" and instructed the recruit to find military facilities and carry out reconnaissance on the ground.

Love, sex, survival — Ukrainian author on how war shapes intimacy in Ukraine

In Ukraine, Russia’s war of aggression has upended not just borders but the country’s cultural landscape. Conversations about identity, gender, and sexuality have gained new urgency. Women are increasingly stepping into combat roles once dominated by men, while relationships can dissolve as quickly as they form. Many people

The Kyiv IndependentKate Tsurkan

Finland's parliament voted on June 19 to withdraw from the Ottawa Convention banning anti-personnel landmines, citing growing security concerns from Russia's aggressive posture and the threat it poses to the region, Reuters reported.

The vote aligns Finland with its Baltic allies, Estonia, Latvia, and Lithuania, whose parliaments have already approved similar exits from the treaty.

Defending the decision earlier this week, Finnish President Alexander Stubb said the security reality along Finland's 1,300-kilometer (800-mile) border with Russia had changed dramatically since the full-scale invasion of Ukraine, according to TVP.

"The reality in the endgame is that we have as our neighboring country an aggressive, imperialist state called Russia, which itself is not a member of the Ottawa Treaty and which itself uses landmines ruthlessly," Stubb said.

Russia has widely deployed landmines across Ukrainian territory since launching its invasion in 2022, a tactic condemned by human rights organizations and Western governments.

Finland, which joined NATO in 2023, has significantly ramped up its defense posture amid growing concern over potential Russian provocations. The country closed its border with Russia over a year ago, accusing Moscow of orchestrating a "hybrid operation" by directing asylum seekers toward Finnish territory. Helsinki claims such hybrid tactics have intensified since it joined the alliance.

The Finnish Border Guard completed the first 35 kilometers (22 miles) of a planned 200-kilometer (124-mile) fence along its eastern frontier on May 21. The move came amid growing evidence of Russian military infrastructure expansion near the Finnish border.

Finland is "closely monitoring and assessing Russia's activities and intentions," Finland's Defense Minister Antti Hakkanen told AFP on May 22.

"We have excellent capabilities to observe Russian operations. As a member of the alliance, Finland holds a strong security position."

Russia's Defense Minister Andrei Belousov said in December 2024 that Moscow must be ready for a potential conflict with NATO within the next decade. Western officials have repeatedly warned of the possibility that Moscow could target NATO members in the coming years.

Diplomacy in crisis: G7 letdowns reveal limits to Western solidarity on Ukraine

KANANASKIS, Canada — The Group of Seven (G7) Leaders’ Summit ended on June 17 with no joint statement in support of Ukraine, no commitments to provide desperately needed U.S. weapons, and no meeting between President Volodymyr Zelensky and U.S. President Donald Trump. The Ukrainian delegation headed into the summit,

The Kyiv IndependentDmytro Basmat