Ukraine has synchronized its sanctions against Russia with the last three packages of economic penalties imposed by the European Union, President Volodymyr Zelensky announced on July 8.

"Three more packages of EU sanctions are fully effective in Ukraine," Zelensky said in his evening address.

Earlier on July 8, the president announced a new round of sanctions, including restrictions on five Chinese-registered companies accused of supplying components found in Russian Shahed-type drones used to attack Ukraine.

Vladyslav Vlasiuk, Zelensky's sanctions commissioner, told reporters on July 8 that the latest decrees bring Ukrainian penalties in line with the EU's 15th, 16th, and 17th packages of sanctions against Russia.

The 15th package targets individuals from Russia, Belarus, and China, among other countries, according to Vlasiuk. It includes the Russian pilot Alexander Azarenkov, who was involved in the deadly attack on the Okhmatdyt children's hospital in Kyiv. Zelensky signed the sanctions decree on the one-year anniversary of the strike.

The 16th package includes individuals from Russia, China, Turkey, and other nations. It also targets the Voin Center, Russia's military-patriotic education organization operating in occupied Ukrainian territories, and Pivdennyi Flot LLC, which transports Russian oil via its "shadow fleet," Vlasiuk said.

The 17th package designates firms from Russia, China, Turkey, and other countries, including the gold-mining company Petropavlovsk and the Chinese company Skywalker Technology Co. Ltd, produce drone parts for Russia.

The EU is expected to approve its 18th package of sanctions against Russia later this week, after facing opposition from pro-Kremlin bloc members Slovakia and Hungary.

Ukraine has taken measures to coordinate sanctions with international partners in order to amplify pressure on Moscow. Zelensky on June 27 signed a decree to synchronize Ukraine's sanctions against Russia with those imposed by the EU and Group of Seven (G7).

Ukraine war latest: Trump reportedly pledges to send 10 Patriot missiles to Ukraine, asks Germany to send battery

* Trump reportedly pledges to send 10 Patriot missiles to Ukraine, asks Germany to send battery * ‘They have to be able to defend themselves’ — Trump says US will send additional weapons shipments to Ukraine, criticizes Putin * EU to impose ‘toughest’ sanctions on Russia in coordination with US senators, French foreign minister says * Russia’s Black Sea Fleet shrinks presence in key Crimean bay, Ukrainian partisans say * Putin signs decree allowing foreigners to serve in Russian army during

The Kyiv IndependentThe Kyiv Independent news desk

The European Commission is discussing with EU member states various options to cover Ukraine's budget deficit for next year, which could range from $8 billion to $19 billion, the Financial Times reported on July 8.

International partners have provided Ukraine with over $39 billion for its wartime economy so far this year, Prime Minister Denys Shmyhal announced.

The financial hole in Ukraine's budget is linked to reduced U.S. support and the lack of prospects for a swift ceasefire with Russia that Europe had hoped for, the Financial Times reported.

A senior EU official told the publication that many of Ukraine's partners had previously counted on a peace deal in 2025, but are now forced to revise their funding plans.

This includes the European Commission, which has already adjusted spending from Ukraine-related funding streams.

Without support from Western partners, Kyiv would face a budget deficit of $19 billion in 2026, according to the Financial Times. However, even if additional international financing for the wartime economy can be secured, a gap of at least $8 billion would remain.

To support Ukraine's budget, Europe is considering providing military aid in the form of off-budget grants that would be recorded separately as external transfers but would count toward NATO member countries' national defense spending targets.

One EU diplomat told the Financial Times that military support for Ukraine is viewed as a contribution to the defense of all of Europe.

In a document for G7 countries reviewed by Financial Times, Kyiv proposed that European allies co-finance Ukrainian forces, framing this as a service to strengthen continental security.

Other support options under discussion include potentially accelerating payments from the existing $50 billion G7 loan program and reinvesting frozen Russian assets in higher-yield financial instruments that the EU allocated to help service the debt.

According to the Financial Times, two sources confirmed that the commission planned to discuss these options with EU finance ministers on July 8.

The funding issue will also be raised at the Ukraine Recovery Conference in Rome on July 10-11, dedicated to Ukraine's reconstruction needs. European Commission President Ursula von der Leyen will attend the event.

Ukraine's Cabinet of Ministers rejected a nominee to lead the economic crimes agency, drawing swift criticism from lawmakers and businesses over alleged interference in the selection process.

The agency, the Bureau of Economic Security, was created in 2021 to investigate economic crimes. It has since faced accusations of being used to pressure — and in some cases extort — businesses, prompting multiple calls and efforts to overhaul it.

Selecting a new director of the agency by the end of July is one of Ukraine's obligations to the EU and International Monetary Fund as part of international financing packages extended to the war-torn country by the institutions.

As part of a recent attempt to relaunch the bureau, Oleksandr Tsyvinsky on June 30 was officially nominated by the bureau's selection commission that consists of six members — three from the government and three international experts. Tsyvinsky is known for exposing schemes involving illegal land seizures in Kyiv..

But Ukraine's government on July 8 said it had rejected Tsyvinsky following alleged concerns raised by the country's intelligence service of potential Russian connections.

The government unanimously decided to ask the commission to submit two new candidates who meet all security requirements, the government press service wrote on its official Telegram channel, a move it claims aligns with the law.

Following Tsyvinsky's nomination, it was revealed that his father holds a Russian passport. He has said he hasn't spoken to his father, who lives in Russia, in years.

Tsyvinsky holds clearance for state secrets and has passed special vetting, backed by over 20 years in law enforcement, including nearly a decade at the National Anti-Corruption Bureau of Ukraine (NABU).

Opposition lawmaker Yaroslav Zhelizniak, said the government had no grounds to reject a properly nominated candidate, claiming President Volodymyr Zelensky's office is behind the blocking of the nomination.

"The (bureau's) legislation provides no legal grounds for the cabinet to demand a new shortlist or impose additional, undefined requirements such as 'security criteria.' The term itself is absent from any statute and therefore has no legal force," Zhelizniak said.

"The SBU letter in this case is nothing more than an indicator of the winner's disloyalty to the President's Office and a desire to block the appointment," said Olena Shcherban, deputy executive director of the AntAC in a statement following the news.

Major business associations have called on Zelensky, Parliament Speaker Ruslan Stefanchuk, and Prime Minister Denys Shmyhal to reverse the government's decision.

The business groups warned that failing to reform the agency will harm investment decisions, particularly as Ukraine's wartime economy needs to attract capital.

"War is a time for radical changes in the rule of law and business climate, otherwise the economy cannot ensure the country's survival," the businesses wrote in an open letter.

‘Neither side wasted time’ — Ukraine’s economy minister on minerals deal negotiations with Trump’s ‘business-oriented’ administration

Ukraine’s Economy Minister Yuliia Svyrydenko says her task is simple — to get the investment fund behind the closely watched minerals deal with the U.S. off the ground, and prove its detractors wrong. “There are so many criticisms from different parties that this fund is just a piece of paper we can put on the shelves — that it won’t be operational,” Svyrydenko, who is also Ukraine’s first deputy prime minister, tells the Kyiv Independent at Ukraine’s Cabinet of Ministers on July 4, the morning

The Kyiv IndependentLiliane Bivings

The EU will introduce the "toughest sanctions... imposed (on Russia) in the last three years" in coordination with U.S. senators, French Foreign Minister Jean-Noel Barrot said in a television interview on July 7.

"(Russian President Vladimir) Putin is no longer advancing on the front and is now limited to shelling residential areas with drones and missiles. This is leading to numerous casualties among the civilian population. This must stop," Barrot said.

U.S. Senator Lindsey Graham said on June 29 that U.S. President Donald Trump was ready for the Senate to vote on a bill to impose new sanctions on Russia. The Republican senator has repeatedly called for implementing additional sanctions against Moscow.

Barrot noted the EU is planning to impose the strongest sanctions against Russia that the bloc has introduced since 2022.

"This (war) cannot continue; it must stop. To achieve this, in coordination with American senators, Europe is preparing to introduce, based on French proposals, the toughest sanctions we have imposed in the last three years," he said.

"They will directly deplete the resources that allow Vladimir Putin to continue his war," Barrot added.

In the U.S., senators have been working on a sanctions bill, with Graham saying voting on a bill is expected to begin following the end of the July congressional break.

Graham, earlier on July 7, said he expects "the Senate will move the bipartisan Russian sanctions bill that will allow tariffs and sanctions to be placed on countries who prop up Putin’s war machine and do not help Ukraine."

The bill led by Graham has been in the works for several months as the White House has failed attempts to broker a peace deal between Ukraine and Russia.

"Ukraine has said yes to ceasefires and to any and all meeting requests while Putin continues to defy peace efforts. It is now time to put more tools in President Trump’s toolbox in order to end the war," he said.

Russia has relied on its partners, including Belarus, China, and Iran, for trade and to bypass Western sanctions meant to inhibit Moscow's ability to continue its war against Ukraine.

Ukraine war latest: Russian airports cancel nearly 300 flights amid drone attacks on Russia

Key developments on July 7: * Russian airports cancel nearly 300 flights amid drone attacks on Russia * BRICS summit statement condemns attacks on Russian railways, avoids urging Russia to cease war efforts in Ukraine * Ukrainian drone strike hits major oil refinery in Russia’s Krasnodar Krai, HUR source claims * Ukraine confirms drone strike on Russian chemical plant near Moscow * Russia strikes conscription offices in Kharkiv and Zaporizhzhia, Ukraine says Several Russian airports have

The Kyiv IndependentThe Kyiv Independent news desk