Ukraine’s Oschadbank won an appeal against Russia on July 1 after the Paris appeals court rejected Moscow’s challenge to a 2018 arbitration ruling ordering compensation for losses due to Russia's annexation of Crimea, the bank announced in a press release on July 3.

The Paris Court of Appeal upheld the November 2018 arbitration tribunal decision requiring Russia to compensate Oschadbank for damages incurred when Moscow annexed the Ukrainian peninsula in 2014.

The ruling orders Russia to pay more than $1.5 billion in damages and an additional 300,000 euros ($330,000) in legal costs to Ukraine's largest state-owned bank, according to a press release.

"The victory proves that efforts to force the aggressor state to answer legally for damages caused by the occupation of part of Ukraine's territory have good prospects," said Rosa Tapanova, a member of Oschadbank's supervisory board.

Oschadbank Chairman Serhii Naumov said it's the first Ukrainian bank to win such a case against Russia.

The decision follows Oschadbank's recent seizure of over 87 million euros ($102 million) in Russian assets in France as part of its campaign to recover war-related losses. The bank has been pursuing Russian assets across multiple jurisdictions to enforce the arbitration award.

"We understand that the Russian Federation will never voluntarily comply with the court's decision, and we are prepared for a long struggle," said Arsen Miliutin, deputy chairman of Oschadbank's management board.

"At the same time, we are confident that we will win, and Russia will pay not only the amount of damages caused, but also interest for all this time."

The Oschadbank victory adds to a growing list of Ukrainian legal wins against Russia. On June 23, Naftogaz CEO Serhii Koretskyi announced that an international arbitration tribunal in Switzerland had ordered Russia's Gazprom to pay the Ukrainian state energy company $1.37 billion after the Russian firm stopped fulfilling contract obligations in May 2022.

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When the U.S. Department of Defense (DOD) halted the transfer of critical air defense missiles and other weapons to Ukraine, Kyiv and its partners were caught off-guard and are now left scrambling for clarity on the scope and length of the Trump administration’s decision. The White House confirmed the halt after a July 1 report by Politico said shipments were paused due to concerns over the size of domestic stockpiles. The decision “was made to put America’s interests first following a DOD rev

The Kyiv IndependentAndrea Januta

Ukraine signed a major deal with U.S. company Swift Beat to co-produce hundreds of thousands of drones this year, President Volodymyr Zelensky announced on July 3 during his visit to Denmark.

The long-term strategic partnership agreement was signed by Ukraine's Defense Minister Rustem Umerov and Eric Schmidt, the CEO of Swift Beat, in Denmark on the same day.

Under the deal, the company will produce various kinds of unmanned aerial vehicles for Ukraine, including those designed to intercept Russian drones and missiles, reconnaissance, attack, and other drones, Zelensky said in a statement published on the website of the President's Office.

"The key priority is interceptor drones that have already proven effective in Ukraine," Zelensky said. "We've tested models from several companies, and now we're signing serious contracts."

Swift Beat will increase its production capacity, aiming to produce hundreds of thousands of drones for Ukraine this year, with plans to scale up production in 2026, according to Zelensky.

"Modern drones will be supplied to Ukraine as a priority, on special terms and at cost," Zelensky said.

The announcement comes just a day after the U.S. Defense Department (DOD) has halted shipments of some air defense missiles and other weapons previously promised to Kyiv. Ukraine has been trying to negotiate buying U.S. weapons for months after U.S. President Donald Trump, who has opposed military aid to Kyiv, took office in January.

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Swift Beat has a significant presence in Ukraine, according to Zelensky's office. It specializes in autonomous AI-powered drones and cooperates with Ukrainian engineers and the military, conducting drone testing on Ukrainian territory, the statement reads.

Zelensky arrived in Denmark on July 3 to mark the country's assumption of the rotating presidency of the Council of the European Union.

Zelensky also said that during his visit, he plans to raise the issue of political blockages hindering Ukraine's path to joining the European Union.

"We're ready to open three accession clusters and want to start with one now, in the very near future. But political blockages remain, purely political," he said.

While EU member states agreed to take into account the European Commission's assessment that Ukraine is ready to open the first, Fundamentals cluster, the process remains stalled due to Hungary's refusal to grant unanimous support.

Ukraine applied for EU membership in 2022 and was granted candidate status shortly thereafter, but full negotiations require the approval of all 27 EU member states.

Denmark has been a key backer of Ukraine since the start of Russia's full-scale invasion in 2022. In February 2024, Copenhagen signed a 10-year bilateral security agreement with Kyiv, pledging long-term defense cooperation until Ukraine secures NATO membership.

Zelensky said he expects Denmark to expand its financial support for Ukraine's drone and missile production initiatives.

"What we've just signed requires significant funding. I'm counting on our relationship with Denmark," the president said.

The Ukrainian president will also participate in official events commemorating Denmark's presidency of the Council. According to Danish broadcaster DR, the events will be attended by Denmark's royal family, government officials, and EU leaders.

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The Energia plant in Yelets produces parts for ballistic and cruise missiles, as well as batteries for drones and glide bombs. The factory was previously targeted multiple times this past May.

The Kyiv IndependentVolodymyr Ivanyshyn

Skyeton Prevail Solutions, a joint venture between Ukrainian drone manufacturer Skyeton and U.K.-based defense company Prevail Solutions, will manufacture and supply Raybird drones in the U.K., the two companies announced on July 2.

"Skyeton — a Ukrainian unmanned aircraft systems company with 19 years of engineering pedigree, and Prevail Partners — a leading U.K. defense and security company, announced a joint venture to fast-track the volume manufacture, supply, and support for the integration of its best-in-class drone into U.K. military applications," a statement by the two companies said.

Ukraine has developed drones that have proven to be effective amid the onset of Russia's full-scale war against Ukraine in February 2022 and Russia's initial invasion of Ukraine in 2014.

President Volodymyr Zelensky and U.K. Prime Minister Keir Starmer met in London on June 23, where the two leaders agreed to an "industrial military co-production agreement."

"The joint venture will scale the availability of Raybird with new manufacturing in the U.K. for both deployment in Ukraine and provide the necessary integration expertise from Prevail Partners for U.K. and other Western militaries," the statement said.

U.K. lawmaker Iain Duncan Smith described the move as an "important step" for U.K. drone production.

Skyeton says its Raybird drone has over 350,000 flight hours and is responsible for billions of dollars in Russian losses.

Ukraine has relied on drones to meet its own defense needs, as foreign military aid has fallen short in supplying necessary weapons and air defenses.

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