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Aujourd’hui — 18 juin 2025Flux principal
  • ✇The Kyiv Independent
  • For the first time, Australia sanctions Russian shadow fleet oil tankers
    Australia has, for the first time, imposed sanctions on Russia's so-called "shadow fleet" of oil tankers, targeting 60 vessels used to circumvent international sanctions and sustain the Kremlin's war effort in Ukraine, the Australian government said on June 18.The move aligns Canberra with similar measures introduced by the United Kingdom, Canada, and the European Union. Australia's Foreign Ministry said the sanctioned vessels operate under "deceptive practices, including flag-hopping, disabling
     

For the first time, Australia sanctions Russian shadow fleet oil tankers

18 juin 2025 à 08:20
For the first time, Australia sanctions Russian shadow fleet oil tankers

Australia has, for the first time, imposed sanctions on Russia's so-called "shadow fleet" of oil tankers, targeting 60 vessels used to circumvent international sanctions and sustain the Kremlin's war effort in Ukraine, the Australian government said on June 18.

The move aligns Canberra with similar measures introduced by the United Kingdom, Canada, and the European Union.

Australia's Foreign Ministry said the sanctioned vessels operate under "deceptive practices, including flag-hopping, disabling tracking systems and operating with inadequate insurance," enabling illicit Russian oil trade that undermines international sanctions.

"Russia uses these vessels to circumvent international sanctions and sustain its illegal and immoral war against Ukraine," the ministry said in a statement.

With this move, Australia has now sanctioned more than 1,400 Russian individuals and entities since Moscow's full-scale invasion of Ukraine began in February 2022, the government said.

The step comes amid the continued operation of Russia's shadow fleet. According to a recent study by the Kyiv School of Economics (KSE), Russia currently operates 435 tankers outside the control of Western regulators to evade sanctions such as the G7-EU price cap on Russian oil.

These vessels are typically un- or underinsured and pose a rising environmental risk due to their age and operational opacity.

KSE estimates that as of April 2024, 83% of Russia's crude oil and 46% of its petroleum product exports were shipped using shadow fleet tankers. The study warns that this undermines the effectiveness of Western sanctions and increases the likelihood of maritime disasters, as many of these ships fall outside international safety and insurance standards.

The EU formally adopted its 17th sanctions package against Russia in May, sanctioning nearly 200 vessels tied to the shadow fleet. EU foreign policy chief Kaja Kallas said the new measures also target hybrid threats and human rights violations, with more sanctions under consideration.

Some EU member states and observers have criticized the package for lacking stronger provisions to disrupt Russia's sanction evasion schemes.

Now, the EU seeks to approve its 18th sanctions package, which will add 77 more shadow fleet vessels to comply with the cap to prevent Russia from circumventing sanctions and propose imposing a ban on imports of petroleum products made from Russian oil.

The United States has signaled reluctance to pursue additional sanctions despite Moscow's continued aggression in Ukraine and rejection of ceasefire proposals supported by Western allies.

Putin ‘cannot be trusted’ as mediator, Kallas says, urges EU to tighten Russian oil cap after deadly Kyiv strike
EU High Representative Kaja Kallas urged the European Union to press forward with lowering the oil price cap on Russian crude, even without U.S. support, warning that Middle East tensions could otherwise drive prices up and boost Russia’s revenues.
For the first time, Australia sanctions Russian shadow fleet oil tankersThe Kyiv IndependentAnna Fratsyvir
For the first time, Australia sanctions Russian shadow fleet oil tankers
À partir d’avant-hierFlux principal
  • ✇The Kyiv Independent
  • Ukraine moves forward on lithium mining under US minerals deal, NYT reports
    More than a month after Ukraine signed a landmark agreement granting the United States a stake in its mineral reserves, Kyiv has approved initial steps to open one of its largest lithium deposits to private investors, the New York Times (NYT) reported, citing two government officials.On June 16, the Ukrainian government agreed to begin drafting recommendations for a bidding process to develop the Dobra lithium field in central Ukraine. According to the officials, who spoke to NYT on condition of
     

Ukraine moves forward on lithium mining under US minerals deal, NYT reports

16 juin 2025 à 15:46
Ukraine moves forward on lithium mining under US minerals deal, NYT reports

More than a month after Ukraine signed a landmark agreement granting the United States a stake in its mineral reserves, Kyiv has approved initial steps to open one of its largest lithium deposits to private investors, the New York Times (NYT) reported, citing two government officials.

On June 16, the Ukrainian government agreed to begin drafting recommendations for a bidding process to develop the Dobra lithium field in central Ukraine. According to the officials, who spoke to NYT on condition of anonymity, this would be the first project advanced under the U.S.-Ukraine minerals deal.

The Dobra lithium ore site is located in the Novoukrainskyi district of Kirovohrad Oblast, rougly 300 kilometers southeast of Kyiv.

The deal, signed by President Volodymyr Zelensky on May 12, is aimed at deepening economic ties, boosting Ukraine's reconstruction, and positioning the country as a supplier of strategic resources to the U.S.

Among the likely bidders for the Dobra field is a consortium including TechMet, an energy investment firm partly owned by the U.S. government, and billionaire Ronald S. Lauder, a close associate of the U.S. President Donald Trump. The group has long expressed interest in the Dobra site and encouraged Zelensky to open it to bids last year.

Under the broader agreement, half of the revenues from mineral extraction would go to a joint U.S.-Ukraine investment fund. While the Ukrainian government would reinvest its share into the domestic economy, the United States would claim a portion of the profits — a structure Mr. Trump has framed as partial repayment for U.S. assistance to Ukraine.

TechMet CEO Brian Menell said investors were pushing for production-sharing agreements, which offer long-term stability and tax incentives. Monday’s step toward opening the Dobra field is based on such an arrangement, according to the outlet.

Ukraine war latest: Russia ramps up its summer offensive in several directions, seeks to encircle Kostiantynivka
Key developments on June 16: * Russia ramps up its summer offensive in several directions, Ukraine’s military says * Ukraine receives 1,245 bodies of fallen soldiers and citizens, concluding Istanbul repatriation deal * ‘Russians lie about everything’ — Ukraine hits out at Kremlin claims after yet another drone strike on Kyiv * Russia to
Ukraine moves forward on lithium mining under US minerals deal, NYT reportsThe Kyiv IndependentThe Kyiv Independent news desk
Ukraine moves forward on lithium mining under US minerals deal, NYT reports
  • ✇The Kyiv Independent
  • Russian strike hit Boeing office in Kyiv in deliberate attack on US business, FT reports
    Russia deliberately targeted a building used by the U.S. aerospace and defense giant Boeing in a recent attack on Kyiv,  the Financial Times reported on June 15. Overnight on June 9-10, Russian forces launched hundreds of drones and seven missiles in one of the biggest attacks on Ukraine, damaging buildings across the capital. One of the targets included Boeing’s office, according to two Boeing employees, three Ukrainian officials, and the head of the American Chamber of Commerce (ACC) in Ukrain
     

Russian strike hit Boeing office in Kyiv in deliberate attack on US business, FT reports

15 juin 2025 à 10:14
Russian strike hit Boeing office in Kyiv in deliberate attack on US business, FT reports

Russia deliberately targeted a building used by the U.S. aerospace and defense giant Boeing in a recent attack on Kyiv,  the Financial Times reported on June 15.

Overnight on June 9-10, Russian forces launched hundreds of drones and seven missiles in one of the biggest attacks on Ukraine, damaging buildings across the capital. One of the targets included Boeing’s office, according to two Boeing employees, three Ukrainian officials, and the head of the American Chamber of Commerce (ACC) in Ukraine, whom the FT spoke with.

"This is not just an attack against Ukraine, but also an attack where American business is being hit," Andy Hunder, President of the ACC in Ukraine, which represents nearly 700 U.S. and international investors and corporate members, told the Kyiv Independent.

"This is a war against a world where American businesses are making money and thriving," he added.

The strikes on Kyiv came after Ukraine surprised Russia with Operation Spiderweb that saw hundreds of drones target four airbases in Russia and damage 41 war planes. Moscow promised to retaliate in response.  

Boeing, one of the largest American companies operating in Ukraine, cooperates with the Ukrainian aerospace and defense company Antonov, with the two companies exploring several joint ventures and opportunities, including in defense.

Boeing told the FT that none of its employees were injured in the attack and that it continues to operate in Ukraine, where it employs some 1,000 people.

Antonov has also suffered from Russian strikes, as have other defense production sites. As Ukraine pushes for domestic defense production instead of relying on foreign imports, Ukrainian officials say that Moscow is attempting to hinder Ukraine’s efforts to manufacture arms.

German defense company Rheinmetall opened up a factory in Ukraine last October to produce a batch of Lynx infantry fighting vehicles. Moscow threatened the company, saying it was a legitimate target, although Rheinmetall said its facilities are well protected.

Russia has repeatedly targeted other Western businesses. Nearly half of the ACC’s members have had facilities damaged or destroyed, but 90% still continue to operate in Ukraine, Hunder said.

"The American business community is here, it continues to operate, and it's united," he added.

With no new US aid packages on the horizon, can Ukraine continue to fight Russia?
The U.S. has not announced any military aid packages for Ukraine in almost five months, pushing Kyiv to seek new alternatives. But time is running out quickly as Russian troops slowly advance on the eastern front line and gear up for a new summer offensive. “While Ukraine’s dependence on
Russian strike hit Boeing office in Kyiv in deliberate attack on US business, FT reportsThe Kyiv IndependentKateryna Hodunova
Russian strike hit Boeing office in Kyiv in deliberate attack on US business, FT reports
  • ✇The Kyiv Independent
  • Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirms
    Ukraine has received another 1 billion euros ($1.1 billion) in macro-financial assistance from the European Union as part of a G7 loan, Prime Minister Denys Shmyhal announced on June 13."This is the fifth tranche of macro-financial assistance from the EU under the ERA Extraordinary Revenue Acceleration) initiative," Shmyhal wrote on social media. "The funds will be directed toward key expenditures of the state budget."Shmyhal thanked Ukraine's partners for their "consistent and reliable support,
     

Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirms

13 juin 2025 à 06:37
Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirms

Ukraine has received another 1 billion euros ($1.1 billion) in macro-financial assistance from the European Union as part of a G7 loan, Prime Minister Denys Shmyhal announced on June 13.

"This is the fifth tranche of macro-financial assistance from the EU under the ERA Extraordinary Revenue Acceleration) initiative," Shmyhal wrote on social media. "The funds will be directed toward key expenditures of the state budget."

Shmyhal thanked Ukraine's partners for their "consistent and reliable support," adding, "Together, we will make (Russia) pay for all the damage caused to Ukraine."

According to Shmyhal, Ukraine has received a total of 7 billion euros ($8 billion) from the European Union under the ERA initiative, which is funded by the windfall profits generated from immobilized Russian sovereign assets.

The ERA mechanism, launched by the G7 and backed by the EU and the United States, is a $50 billion program designed to support Ukraine through loans repaid using future income from frozen Russian assets. Since Russia's full-scale invasion in 2022, G7 countries have frozen around $300 billion in Russian sovereign assets.

Ukraine received the previous 1-billion-euro tranche on May 8 as part of the fourth installment of EU aid under ERA.

EU provides Ukraine with $1 billion tranche under G7 loan covered by Russian assets
This is the fourth such tranche from the bloc, which is secured by proceeds from frozen Russian assets.
Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirmsThe Kyiv IndependentKateryna Hodunova
Ukraine receives 5th tranche of EU aid from frozen Russian assets, PM confirms
  • ✇The Kyiv Independent
  • Oil prices surge after Israeli strike on Iran
    Global oil prices soared on June 13  after Israel launched a strike on Iran, triggering fears of a broader conflict in the energy-rich Middle East that could disrupt global supplies, the BBC reported. The spike threatens to undermine Western efforts to choke off a vital revenue stream for Russia, which relies heavily on oil profits to sustain its war in Ukraine.According to the BBC, Brent and Nymex crude prices jumped by more than 10% following the Israeli attack, reaching their highest levels s
     

Oil prices surge after Israeli strike on Iran

13 juin 2025 à 04:22
Oil prices surge after Israeli strike on Iran

Global oil prices soared on June 13  after Israel launched a strike on Iran, triggering fears of a broader conflict in the energy-rich Middle East that could disrupt global supplies, the BBC reported.

The spike threatens to undermine Western efforts to choke off a vital revenue stream for Russia, which relies heavily on oil profits to sustain its war in Ukraine.

According to the BBC, Brent and Nymex crude prices jumped by more than 10% following the Israeli attack, reaching their highest levels since January. Prices later stabilized but remained about 7.5% higher, with Brent at $74.50 a barrel and Nymex at $73.20.

The price surge comes at a crucial time for Ukraine and its Western allies, who are intensifying efforts to minimize the Kremlin's oil revenues — the backbone of Russia's wartime economy.

President Volodymyr Zelensky urged the European Union on June 11 to impose tougher sanctions on Russia, including a more aggressive price cap on oil exports.

"A ceiling of $45 per barrel of oil is better than $60, that's clear," Zelensky said at the Ukraine-Southeast Europe Summit in Odesa. "But real peace will come with a ceiling of $30. That's the level that will really change the mindset in Moscow."

The EU's current $60 per barrel cap, introduced in December 2022, prohibits Western companies from shipping, insuring, or servicing Russian oil sold above the threshold. While this measure has curtailed some of Russia's profits, the Kremlin continues to earn significant revenue, especially when market prices rise.

European Commission President Ursula von der Leyen said on June 10 that the EU is considering lowering the cap to $45, a move that will be discussed at the G7 summit in Canada between June 15 and 17. According to Reuters, most G7 countries, excluding the U.S. and Japan, are prepared to proceed with the reduction regardless of Washington’s stance.

Israeli Prime Minister Benjamin Netanyahu said early on June 13 that Israeli forces had launched "Operation Rising Lion," a preemptive strike targeting Iran's nuclear program. In a televised address, Netanyahu claimed Israeli forces struck Iran's main nuclear enrichment site in Natanz and targeted key nuclear scientists.

Key to Russia’s defeat lies in its economy
As the war in Ukraine grinds on, attention remains fixed on the battlefield. But Russia’s most vulnerable flank is not in the trenches — it’s in the treasury. The West, and especially the United States, holds economic levers that could push Vladimir Putin toward serious negotiations or even collapse
Oil prices surge after Israeli strike on IranThe Kyiv IndependentWojciech Jakóbik
Oil prices surge after Israeli strike on Iran

  • ✇The Kyiv Independent
  • EU approves new tariffs on Russian, Belarusian agricultural goods
    The Council of the EU on June 12 approved fresh tariffs on fertilizers and remaining agricultural goods from Russia and Belarus, aiming to reduce Russian export revenues.The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.The step comes as the EU readies additional sanctions against Russia as it continues to wage its all-out war against Ukraine
     

EU approves new tariffs on Russian, Belarusian agricultural goods

12 juin 2025 à 08:42
EU approves new tariffs on Russian, Belarusian agricultural goods

The Council of the EU on June 12 approved fresh tariffs on fertilizers and remaining agricultural goods from Russia and Belarus, aiming to reduce Russian export revenues.

The measures target those goods that have not yet been subject to additional customs duties and will enter into force on July 1. The tariffs on fertilizers will increase gradually over the next three years.

The step comes as the EU readies additional sanctions against Russia as it continues to wage its all-out war against Ukraine.

"Polish Presidency motto is 'Security, Europe!' and these measures increase our economic security by reducing dependencies from Russia," said Michal Baranowski, the trade undersecretary at the Polish Economy Ministry.

"We are further reducing Russia’s export revenues and therefore its ability to finance its brutal war. This is united Europe at its best," he said in a statement.

The new tariffs will apply to goods that made up around 15% of all agricultural imports from Russia in 2023. Fertilizer tariffs will focus on certain nitrogen-based products, the Council said in a statement.

Russian fertilizers accounted for more than a quarter of all of the EU's imports in this sector in 2023, worth almost $1.5 billion.

Apart from stifling Russia's trade revenue, the step also aims to reduce the EU's dependence on Russian and Belarusian goods, protect European farmers, and diversify the supply.

The EU adopted higher tariffs on cereals, oilseeds, and some other products from Russia and Belarus in May 2024. Earlier this year, the European Commission proposed imposing similar measures on all remaining agricultural products from the two countries.

Putin’s suspected daughter found working in anti-war galleries in Paris
Nastya Rodionova, a Russian writer and artist who has been based in Paris since 2022, had only met gallery manager Luiza Rozova in passing at events before she learned who the 22-year-old’s parents were. Described by a number of people as a “very nice and well-mannered girl,” Rozova is
EU approves new tariffs on Russian, Belarusian agricultural goodsThe Kyiv IndependentKate Tsurkan
EU approves new tariffs on Russian, Belarusian agricultural goods
  • ✇The Kyiv Independent
  • EU, Germany boost Ukraine's energy efficiency fund with 18 million euros
    The EU and Germany have topped up Ukraine’s Energy Efficiency Fund (EEF) with an additional 18 million euros ($20.7 million) to expand their support for Ukraine’s energy independence and green recovery, the EU Delegation to Ukraine said on June 11.The move was announced at the 10th meeting of the delegation's Coordination Council in Kyiv. The EU provided 13 million euros ($15 million) of the new funding, while Germany's International Climate Initiative (IKI) provided 5 million euros ($5.7 milli
     

EU, Germany boost Ukraine's energy efficiency fund with 18 million euros

11 juin 2025 à 15:07
EU, Germany boost Ukraine's energy efficiency fund with 18 million euros

The EU and Germany have topped up Ukraine’s Energy Efficiency Fund (EEF) with an additional 18 million euros ($20.7 million) to expand their support for Ukraine’s energy independence and green recovery, the EU Delegation to Ukraine said on June 11.

The move was announced at the 10th meeting of the delegation's Coordination Council in Kyiv.

The EU provided 13 million euros ($15 million) of the new funding, while Germany's International Climate Initiative (IKI) provided 5 million euros ($5.7 million).

The International Finance Corporation (IFC), the investment arm of the World Bank, will continue to manage the EEF’s trust fund.

The fund, established in 2019, is split into two programs: VidnovyDIM, which helps repair war-damaged homes, and EnergoDIM, which co-finances grants to cut energy consumption and costs by installing new insulation, windows, and heating systems.

“Today, when Russia is shelling Ukrainian homes almost every night, the VidnovyDIM Fund program helps families cover the costs of repairing walls, roofs, and windows so that they can return home safely and with dignity,” EU Ambassador to Ukraine Katarina Maternova said.

“In parallel, through the EnergoDIM program, we continue to support the thermal modernization of old buildings, which allows us to reduce energy consumption and monthly costs.”

Since 2021, the fund has grown from 90 projects to 1,500 projects, in cooperation with homeowners’ associations,  and helped Ukraine save 300 kilowatts per hour in energy consumption– as much as the city of Chernivtsi consumes. The EEF has helped over 217,000 families modernize and repair their homes, of which half were covered by the VidnovyDIM program.

The new financing will improve the efficiency of grants, raise the grant size to meet demand, and help more people under Ukraine’s environmentally sustainable “Build Back Better” principle. The grant limit should increase to more than 200,000 euros, said Ukraine’s Development of Communities and Territories First Deputy Minister Alena Shkrum.

The EFF will now be able to resume requests, which were paused due to the high number of applications. Around 10% of Ukraine’s housing stock has been damaged or destroyed, while much of the country’s heating system is from the Soviet era and inefficient, with apartments unable to control the heating in the winter.

Ukraine’s energy grid has been targeted relentlessly by Russian attacks, causing widespread energy instability across the country. At the same time, bills have increased for electricity and heating, frustrating citizens who have already taken a financial hit due to the war.

The fund has modernized homes and schools to become more energy efficient, which not only cuts costs but also retains warmth during blackouts, said the Shkrum. More Ukrainians are beginning to understand the importance of energy efficiency due to Russian attacks, “which is why the fund should continue functioning, reforming, and developing further,” she added.

DTEK to build one of Europe’s largest energy storage facilities, company announces
Ukraine’s largest private energy company DTEK secured a $72-million loan to build one of the largest battery energy storage complexes in Eastern Europe, the company said on June 3.
EU, Germany boost Ukraine's energy efficiency fund with 18 million eurosThe Kyiv IndependentDominic Culverwell
EU, Germany boost Ukraine's energy efficiency fund with 18 million euros
  • ✇The Kyiv Independent
  • Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine
    Western companies have paid at least 40 billion euros ($46 billion) in taxes to Russia over the past three years, according to an investigation by investigative outlet Follow the Money published on June 10.This figure represents almost one-third of Russia's defense budget for 2025.Seventeen of the 20 largest foreign corporate taxpayers in Russia come from G7 and EU countries, Ukraine's main international supporters, the investigative outlet wrote, citing an earlier report by the Kyiv School of E
     

Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine

10 juin 2025 à 08:20
Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine

Western companies have paid at least 40 billion euros ($46 billion) in taxes to Russia over the past three years, according to an investigation by investigative outlet Follow the Money published on June 10.

This figure represents almost one-third of Russia's defense budget for 2025.

Seventeen of the 20 largest foreign corporate taxpayers in Russia come from G7 and EU countries, Ukraine's main international supporters, the investigative outlet wrote, citing an earlier report by the Kyiv School of Economics (KSE) and the B4Ukraine association.

Foreign firms still operating in Russia represent a crucial lifeline for Russia's war chest amid Western sanctions and skyrocketing war expenditures.

Earlier reports by KSE said that only 472 of over 4,000 foreign companies have withdrawn from Russia after the outbreak of the full-scale war in Ukraine in 2022, while 1,360 have scaled down their operations.

Austrian bank Raiffeisen remains the largest European payer of corporate taxes in Russia, with 457 million euros ($522 million) paid only in 2023. In total, U.S. companies generated the greatest revenues for Russia, followed by German commercial entities.

Philip Morris tobacco company, PepsiCo, UniCredit Bank, Mars, and other Western business giants have also continued filling Russian coffers, even though Western governments have donated some $170 billion in military aid to Ukraine to face Russian aggression, according to the investigation.

The firms provided various explanations for their continued presence in Russia. Some argued that their products are essential for Russian consumers, while others cited concern for the safety of their employees, the outlet reported.

Follow the Money also noted that Russia makes it difficult for companies to exit its market, for example, by allowing them to sell their assets only at extremely low prices. Russia has also previously directly seized assets of some companies that had remained in the country.

Companies that have decided to leave the market reportedly had to pay over $170 billion in write-offs and exit taxes.

Russian President Vladimir Putin called for punitive action against Western companies still operating in Russia, saying they must be "strangled" in response to what he described as Western attempts to suffocate the Russian economy.

Despite the rhetoric, Russia continues to explore paths for re-engagement with foreign businesses. In February, Putin instructed his government to prepare for the eventual return of Western firms.

Still, no formal requests have been received from companies seeking re-entry, according to Dmitry Medvedev, deputy chairman of Russia's Security Council and former president.

Key to Russia’s potential defeat lies in its economy
As the war in Ukraine grinds on, attention remains fixed on the battlefield. But Russia’s most vulnerable flank is not in the trenches — it’s in the treasury. The West, and especially the United States, holds economic levers that could push Vladimir Putin toward serious negotiations or even collapse
Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in UkraineThe Kyiv IndependentWojciech Jakóbik
Western firms reportedly paid at least $46 billion in taxes to Russia amid full-scale war in Ukraine

Gang Violence Grips Peru as Extortions and Killings Rise

10 juin 2025 à 13:05
Gangs are preying on local businesses, demanding money and unleashing violence if they refuse. A surge in extortion has traumatized many parts of the country.

© Marco Garro for The New York Times

The husk of a burned-out bus in Villa Maria del Triunfo, a district south of Lima, where many bus and business owners are being extorted.

Gang Violence Grips Peru as Extortions and Killings Rise

10 juin 2025 à 05:00
Gangs are preying on local businesses demanding money and unleashing violence if they refuse. A surge in extortions has traumatized many parts of the country.

© Sebastian Castaneda/Reuters

The funeral procession for one of the 13 gold miners killed in what the authorities called a gang-orchestrated massacre, in Trujillo, Peru, in May.
  • ✇The Kyiv Independent
  • Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctions
    U.S. President Donald Trump offered to increase supplies of American energy exports to Berlin but did not pledge additional military support to Ukraine or sanctions on Russia in a meeting with German Chancellor Friedrich Merz on June 5. The meeting was Merz's first visit to the White House since becoming chancellor. When asked whether Trump would impose additional sanctions on Russia, the president dodged the question by boasting that he "ended Nord Stream 2" and hinting at future energy deals w
     

Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctions

6 juin 2025 à 10:51
Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctions

U.S. President Donald Trump offered to increase supplies of American energy exports to Berlin but did not pledge additional military support to Ukraine or sanctions on Russia in a meeting with German Chancellor Friedrich Merz on June 5.

The meeting was Merz's first visit to the White House since becoming chancellor.

When asked whether Trump would impose additional sanctions on Russia, the president dodged the question by boasting that he "ended Nord Stream 2" and hinting at future energy deals with Germany.

"We have so much oil and gas, you will not be able to buy it all. ... I hope we'll be able to make that part of our trade deal," Trump said during a joint press conference with Merz.  

While Merz spoke of a "duty" to assist Ukraine in its fight against Russian aggression, Trump did not make any commitments to further military aid for Kyiv. In the same press conference, he compared Russia and Ukraine to fighting children and refused to name a deadline for imposing sanctions on Moscow.

Merz nonetheless praised Trump's role as a peacemaker between the two nations.

"I told the president before we came in: He is the key person in the world who can really (end the war) by putting pressure on Russia."

‘Sometimes you’re better off letting them fight,’ Trump says on Russia-Ukraine war
President Donald Trump likened the war between Russia and Ukraine to a fight between two children in a park, suggesting it might be better to let them clash for a while before stepping in, given the depth of animosity between them.
Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctionsThe Kyiv IndependentOlena Goncharova
Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctions

Trump has frequently brought up Europe's reliance on Russian energy when questioned about Washington's role in pressuring the Kremlin or supporting Ukraine.

Nord Stream 1 and 2 are gas pipelines running between Russia and Germany under the Baltic Sea. Nord Stream 2 has never been activated, and the pipes shut down after suspected sabotage in 2022.

Russian Foreign Minister Sergey Lavrov claimed in March that discussions were underway with the U.S. to resume gas flows through the pipelines. Trump has pursued warmer relations and stronger economic ties with Moscow since his inauguration in January 2025.

Merz said on May 28 that the German government will "do everything to ensure that Nord Stream 2 cannot be put back into operation," German Chancellor Friedrich Merz said on May 28.

The leaders' discussion on June 6 focused primarily on Russia's war against Ukraine, NATO, and trade policy, Merz said in Berlin the day after the meeting. Merz insisted that Trump remains committed to NATO, despite the U.S. president's history of disparaging the alliance.

EU tariffs on Ukrainian goods return after 3 years of war, complicating Kyiv’s path to European integration
The European Union is set to reinstate tariffs on Ukrainian agricultural exports on June 6. This is the first time since Russia’s full-scale invasion that the EU will not renew an agreement suspending trade barriers between Ukraine and Europe. The end of tariff-free trade comes amid mounting opposition to Ukrainian
Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctionsThe Kyiv IndependentLuca Léry Moffat
Trump offers Germany US gas deals, but no promises on Ukraine aid or Russia sanctions

  • ✇The Kyiv Independent
  • Ukraine, US plan to launch minerals investment fund by year's end
    A joint Ukrainian-American investment fund tied to the countries' minerals agreement could begin operations by the end of 2025, Ukrainian Economy Minister Yulia Svyrydenko said June 4, according to Reuters.The fund is a central component of the bilateral mineral resources agreement signed April 30, which grants the U.S. special access to projects developing Ukraine’s vast reserves of strategic minerals, including lithium, titanium and rare earth elements.On June 4, Svyrydenko met in Washington w
     

Ukraine, US plan to launch minerals investment fund by year's end

5 juin 2025 à 03:03
Ukraine, US plan to launch minerals investment fund by year's end

A joint Ukrainian-American investment fund tied to the countries' minerals agreement could begin operations by the end of 2025, Ukrainian Economy Minister Yulia Svyrydenko said June 4, according to Reuters.

The fund is a central component of the bilateral mineral resources agreement signed April 30, which grants the U.S. special access to projects developing Ukraine’s vast reserves of strategic minerals, including lithium, titanium and rare earth elements.

On June 4, Svyrydenko met in Washington with U.S. Treasury Secretary Scott Bessent and officials from the U.S. International Development Finance Corporation (DFC), which will serve as the American partner in the fund's management.

"We discussed very concrete steps how to make this fund operational during this year," Svyrydenko said in Washington. We plan to have the first board meeting of this fund in July, and we will discuss what will be the seed capital to start operating this fund."

The Reconstruction Investment Fund will be jointly managed by the DFC and Ukraine's Public-Private Partnerships Agency. While both governments have withheld operational specifics, the fund is expected to serve as a long-term vehicle for Ukraine's postwar recovery.

Kyiv launched the fund on May 23, after months of negotiations that strained ties with Washington. Negotiations led to the removal of controversial provisions Ukrainian officials feared could allow for exploitation of Ukraine's resources.

The Ukrainian parliament approved the necessary amendments to the Budget Code on June 4 to allow for national revenue streams — including rent payments, subsoil permit proceeds, and production-sharing revenues — to be redirected to the fund.

President Volodymyr Zelensky signed the ratified minerals agreement on May 12. Two additional operational agreements were signed on May 13 to facilitate the fund's launch.

Prime Minister Denys Shmyhal previously said that future U.S. military assistance could count as contributions to the fund, but clarified that past aid would not be included.

Despite lacking explicit security guarantees from the U.S. — a key priority for Kyiv — the agreement signals a new phase in U.S.-Ukraine economic cooperation.

Putin rejects Zelensky’s call for peace talks, accuses Ukraine of deadly bridge attack in Russia
Russian President Vladimir Putin on June 4 accused Ukraine of being governed by a terrorist regime that deliberately targets civilians and claimed it is continuing to lose the war. He rejected the possibility of holding talks.
Ukraine, US plan to launch minerals investment fund by year's endThe Kyiv IndependentOlena Goncharova
Ukraine, US plan to launch minerals investment fund by year's end
  • ✇The Kyiv Independent
  • Ukraine passes Budget Code changes to implement US mineral deal
    Ukraine's parliament approved key amendments to the Budget Code on June 4 to implement the landmark minerals agreement with the United States, lawmaker Yaroslav Zhelezniak announced.The legislation, supported by 309 members of parliament, enshrines financial provisions critical to executing the U.S.-Ukraine deal signed on April 30 and ratified by Kyiv on May 8. The agreement grants the U.S. special access to strategic mineral development projects in Ukraine, including lithium, titanium, and rare
     

Ukraine passes Budget Code changes to implement US mineral deal

4 juin 2025 à 07:42
Ukraine passes Budget Code changes to implement US mineral deal

Ukraine's parliament approved key amendments to the Budget Code on June 4 to implement the landmark minerals agreement with the United States, lawmaker Yaroslav Zhelezniak announced.

The legislation, supported by 309 members of parliament, enshrines financial provisions critical to executing the U.S.-Ukraine deal signed on April 30 and ratified by Kyiv on May 8.

The agreement grants the U.S. special access to strategic mineral development projects in Ukraine, including lithium, titanium, and rare earth elements vital to defense, aerospace, and green energy industries.

The approved changes require Ukraine to contribute 50% of revenues from several sources to the fund. These include rent payments for mineral extraction from new licenses, fees from new subsoil use permits, and proceeds from state production shares under new production-sharing agreements.  

The funds will be collected in a dedicated budget account and transferred to the Reconstruction Investment Fund at the discretion of the fund's chief administrator. The fund will be co-managed by Ukraine and the U.S. under an equal partnership model.

Washington will be represented by the U.S. International Development Finance Corporation (DFC), while Kyiv will be represented by Ukraine's Public-Private Partnerships Agency.

The agreement marks a new phase in U.S.-Ukraine economic cooperation and has been months in the making. Protracted negotiations led to the removal of controversial provisions that Ukrainian officials feared could allow for exploitation of Ukraine's natural resources.

Prime Minister Denys Shmyhal said in April that future U.S. military aid could be counted as contributions to the fund, though previously allocated assistance will not apply.

Inside Russia, calls for peace come with conditions — and Kremlin talking points
Following the second round of direct peace talks with Ukraine, the Russian side leaked its proposal on how to end its war — effectively a demand for Ukraine’s surrender. Yet, if the intentions of the Kremlin are no secret — continue the war until a political or military victory — getting information on
Ukraine passes Budget Code changes to implement US mineral dealThe Kyiv IndependentOleg Sukhov
Ukraine passes Budget Code changes to implement US mineral deal
  • ✇The Kyiv Independent
  • France, Belgium wary of EU's plan to halt Russian LNG imports by 2027
    France and Belgium are not ready to accept the European Commission's latest proposal to phase out Russian liquefied natural gas (LNG), calling for additional assurances, Politico reported on June 3. The two nations, the largest EU importers of Russian LNG, argue they need stronger legal and economic guarantees before committing to the plan. Russia's energy exports remain a major source of revenue for the Kremlin's military campaign against Ukraine. The Commission's proposal, unveiled on May 6, o
     

France, Belgium wary of EU's plan to halt Russian LNG imports by 2027

4 juin 2025 à 05:48
France, Belgium wary of EU's plan to halt Russian LNG imports by 2027

France and Belgium are not ready to accept the European Commission's latest proposal to phase out Russian liquefied natural gas (LNG), calling for additional assurances, Politico reported on June 3.

The two nations, the largest EU importers of Russian LNG, argue they need stronger legal and economic guarantees before committing to the plan. Russia's energy exports remain a major source of revenue for the Kremlin's military campaign against Ukraine.

The Commission's proposal, unveiled on May 6, outlines a roadmap to end the bloc's dependence on Russian fossil fuels — gas, oil, and nuclear — by 2027.

Although the EU has slashed its reliance on Russian gas from 45% in 2021 to 19% in early 2025, several key member states remain cautious about cutting LNG ties entirely.

French Energy Minister Marc Ferracci told Politico that Paris supports diversification but prefers to prioritize securing replacement supplies.

France has been sourcing alternative LNG from Qatar and other suppliers, but it remains bound to long-term contracts with Russian firms.

"The stock of existing contracts… needs to be legally protected," Ferracci said.

France's TotalEnergies, which owns a 20% stake in the Yamal LNG project in Siberia, has a supply contract with Russia's Novatek valid through 2032.

Belgium, Europe's second-largest Russian LNG customer, is seeking an "in-depth impact assessment" before backing the Commission's plan.

Belgian Energy Minister Mathieu Bihet said Brussels must evaluate how ending imports would affect its LNG terminals and storage infrastructure, which are expected to handle Russian shipments until 2035.

The cautious stance by France and Belgium diverges from that of Spain and the Netherlands, who have both expressed readiness to endorse the Commission's strategy.

Ukrainian officials and civil society groups have consistently urged the EU to cut these financial lifelines, pointing to the ongoing Russian attacks and occupation.

The Commission's proposed cutoff forms part of a broader push to safeguard European energy sovereignty and reinforce the EU's sanctions architecture. The internal divisions among member states risk delaying implementation.

Inside Russia, calls for peace come with conditions — and Kremlin talking points
Following the second round of direct peace talks with Ukraine, the Russian side leaked its proposal on how to end its war — effectively a demand for Ukraine’s surrender. Yet, if the intentions of the Kremlin are no secret — continue the war until a political or military victory — getting information on
France, Belgium wary of EU's plan to halt Russian LNG imports by 2027The Kyiv IndependentOleg Sukhov
France, Belgium wary of EU's plan to halt Russian LNG imports by 2027
  • ✇The Kyiv Independent
  • Trump raises steel, aluminum tariffs to 50%, hitting key Ukrainian export
    U.S. President Donald Trump signed an executive order on June 3 to double tariffs on steel and aluminum imports, raising duties from 25% to 50%, the White House announced.Trump's new order builds on a Feb. 10 executive action that imposed a flat 25% tariff on all steel and aluminum imports. Steel production is one of Ukraine's core industrial sectors and its second-largest source of foreign currency after agriculture. The White House cited the earlier rate's failure to "develop and maintain the
     

Trump raises steel, aluminum tariffs to 50%, hitting key Ukrainian export

4 juin 2025 à 03:44
Trump raises steel, aluminum tariffs to 50%, hitting key Ukrainian export

U.S. President Donald Trump signed an executive order on June 3 to double tariffs on steel and aluminum imports, raising duties from 25% to 50%, the White House announced.

Trump's new order builds on a Feb. 10 executive action that imposed a flat 25% tariff on all steel and aluminum imports. Steel production is one of Ukraine's core industrial sectors and its second-largest source of foreign currency after agriculture.

The White House cited the earlier rate's failure to "develop and maintain the rates of capacity production utilization that are necessary for the industries' sustained health and for projected national defense needs."

Trump defended the new duties as essential to national security, claiming they will "reduce or eliminate the threat posed by imports" and ensure self-sufficiency in strategic industries.

Economy Minister Yuliia Svyrydenko said earlier this year that the share of Ukrainian steel in the U.S. market remains small and poses no threat to domestic U.S. producers.

However, tariffs further jeopardize Ukraine's key metallurgical exports, particularly ArcelorMittal Kryvyi Rih and Interpipe, which are already suffering due to the war.

Ukraine's metallurgical products make up 57.9% of Ukraine's exports to the U.S., or in dollar amounts, $503 million out of $869 million, according to Svyrydenko. It is unclear what time frame those figures represent.

The U.K. is the only exception to the new tariffs, which will remain at the 25% level for British imports, according to Bloomberg.

Trump defended the tariffs as a way to simplify duties on metals and hinted at retaliatory measures against countries imposing tariffs on American goods.

‘Risk level goes up’ — Ukraine’s strike on Russian bombers could escalate war, US envoy Kellogg says
“I’m telling you the risk levels are going way up,” U.S. Special Envoy for Ukraine Keith Kellogg said.
Trump raises steel, aluminum tariffs to 50%, hitting key Ukrainian exportThe Kyiv IndependentTim Zadorozhnyy
Trump raises steel, aluminum tariffs to 50%, hitting key Ukrainian export
  • ✇The Kyiv Independent
  • Ukraine defaults on GDP-linked sovereign debt payment
    Ukraine has declined to pay holders of $2.6 billion in warrants linked to the country's GDP, defaulting on its sovereign debt payment, the Wall Street Journal reported on June 3.The country's Finance Ministry announced last week it would skip a $665 million government debt payment after failing to agree on restructuring terms with creditors.Ukraine said in April it had failed to reach an agreement to restructure a debt consisting of so-called GDP warrants, a financial instrument that gives the d
     

Ukraine defaults on GDP-linked sovereign debt payment

4 juin 2025 à 01:35
Ukraine defaults on GDP-linked sovereign debt payment

Ukraine has declined to pay holders of $2.6 billion in warrants linked to the country's GDP, defaulting on its sovereign debt payment, the Wall Street Journal reported on June 3.

The country's Finance Ministry announced last week it would skip a $665 million government debt payment after failing to agree on restructuring terms with creditors.

Ukraine said in April it had failed to reach an agreement to restructure a debt consisting of so-called GDP warrants, a financial instrument that gives the debtholder the right to additional payments based on economic performance.

"Ukraine remains committed to implementing a comprehensive, fair and equitable restructuring of the GDP-linked securities," the Finance Ministry told Bloomberg last week, saying that the non-payment is linked to a broader restructuring of the country's obligations.

Ukraine's economy has struggled in the face of Russia's war. Its GDP fell drastically in the early days of Russia's full-scale invasion and has steadily grown since.

The European Bank for Development and Reconstruction (EBRD) forecasts Ukraine's GDP will grow 3.3% in 2025, down from an initial forecast expecting growth of 3.5%.

"The GDP warrants were designed for a world that no longer exists. Ukraine's modest economic growth in 2023 was not a sign of surging prosperity but a fragile rebound from a nearly 30% downturn caused by Russia’s full-scale invasion," Finance Minister Serhii Marchenko said in April.

The International Monetary Fund (IMF) has warned that failure to resolve the GDP warrant issue could threaten further debt restructuring, as well as an ongoing $15.6 billion bailout program, the Extended Fund Facility (EFF). Ukraine has said it will seek to abide by its agreements with the IMF.

Kyiv reached an agreement with some of its creditors in July 2024 to restructure more than $20 billion in international bonds, allowing Ukraine to avoid default amid Russia's full-scale war. The Finance Ministry announced last September it had reduced state debt by $9 billion after completing an external debt restructuring process.

Inside Russia, calls for peace come with conditions — and Kremlin talking points
Following the second round of direct peace talks with Ukraine, the Russian side leaked its proposal on how to end its war — effectively a demand for Ukraine’s surrender. Yet, if the intentions of the Kremlin are no secret — continue the war until a political or military victory — getting information on
Ukraine defaults on GDP-linked sovereign debt paymentThe Kyiv IndependentOleg Sukhov
Ukraine defaults on GDP-linked sovereign debt payment
  • ✇The Kyiv Independent
  • DTEK to build one of Europe's largest energy storage facilities, company announces
    Ukraine's largest private energy company DTEK secured a $72-million loan to build one of the largest battery energy storage complexes in Eastern Europe, the company said on June 3.Ukraine’s second most profitable bank, state-owned Oschadbank, state-owned Ukrgasbank, and PUMB will provide the funding for the project, which includes six energy storage installations across the country, totaling 200 megawatts to power 600,000 households. Battery energy storage facilities are like a large power bank
     

DTEK to build one of Europe's largest energy storage facilities, company announces

2 juin 2025 à 17:00
DTEK to build one of Europe's largest energy storage facilities, company announces


Ukraine's largest private energy company DTEK secured a $72-million loan to build one of the largest battery energy storage complexes in Eastern Europe, the company said on June 3.

Ukraine’s second most profitable bank, state-owned Oschadbank, state-owned Ukrgasbank, and PUMB will provide the funding for the project, which includes six energy storage installations across the country, totaling 200 megawatts to power 600,000 households.

Battery energy storage facilities are like a large power bank connected to energy grids, and are crucial for storing energy created by renewables like solar and wind for later use. The share of renewable energy in Ukraine's grid was about 10% before Russia’s full-scale invasion. Kyiv wants to up this to 27% by 2030.

Other similar energy storage systems in Eastern Europe include Lithuanian electricity transmission system operator Litgrid's 200-MW units launched in 2023 and a 55-MW battery energy storage system in Razlog in southwestern Bulgaria that went online in 2024.

The loan — DTEK's largest domestic loan agreement to finance new energy infrastructure — covers part of the construction costs for five of the installations and runs until Sept. 25, 2030. DTEK, owned by Ukraine’s richest man Rinat Akhmetov, will cover the remaining costs. PUMB is majority-owned by Akhmetov via his System Capital Management (SCM) Holdings.

"DTEK’s investments in new energy capacity are not only a response to current challenges but also a contribution to the long-term strategy of ensuring Ukraine’s energy resilience and independence. Our goal is not just to restore but to create modern and reliable energy that will become the foundation for the country’s economic development," DTEK CEO Maksym Timchenko said.

Last year, DTEK lost 90% of its energy generation capacities due to Russian attacks on energy infrastructure. In total, Ukraine lost 9 gigawatts of its energy capacity, around half of the country’s peak winter consumption, which facilitated discussions on the need to decentralize its energy sources.

The company sees battery energy storage facilities as a path to decentralization and unification with the EU. In March, DTEK announced it was building Poland’s first large electricity storage facility as part of its plan to establish a pan-European energy system connected to Ukraine.

DTEK has continued to invest in energy projects in Ukraine, most notably committing 450 million euros ($468 million) to expand the Tyligulska Wind Power Plant near the Black Sea coast in cooperation with Denmark's state-owned Export and Investment Fund. It marked the largest ever private investment in Ukraine’s energy sector.

Unlike other state-owned energy companies in Ukraine, DTEK hasn’t been able to secure funding from the European Bank for Reconstruction and Development (EBRD).

Cooperation with Ukrainian banks strengthens Ukraine’s energy security and potential, the company said.

"We recognize our responsibility as a bank that consistently supports the country, and we are doing everything we can to financially contribute to the development of new energy capacities. This is not just about investing in infrastructure — it’s about strengthening the strategic energy independence and security of our state," Serhiy Chernenko, Chairman of PUMB’s Board, said.

Russia’s budget deficit triples amid sanctions and low oil prices, Ukrainian official says
Ukrainian commissioner for sanctions policy Vladyslav Vlasiuk said international sanctions remain a key driver behind the decline in Russia’s energy revenues.
DTEK to build one of Europe's largest energy storage facilities, company announcesThe Kyiv IndependentAnna Fratsyvir
DTEK to build one of Europe's largest energy storage facilities, company announces
  • ✇The Kyiv Independent
  • Russian central bank head under pressure to slash key interest rate, Bloomberg reports
    Elvira Nabiullina, the governor of the Russian central bank, is facing government pressure to reduce the high key interest rate imposed amid skyrocketing wartime inflation, Bloomberg reported on June 2, citing undisclosed sources.The reason is the growing toll on the federal budget and civilian industries, three officials told Bloomberg, with some calling for the decision to be made at the bank's meeting on June 6.Russia's central bank imposed a 21% key interest rate in October 2024 — the highes
     

Russian central bank head under pressure to slash key interest rate, Bloomberg reports

2 juin 2025 à 07:17
Russian central bank head under pressure to slash key interest rate, Bloomberg reports

Elvira Nabiullina, the governor of the Russian central bank, is facing government pressure to reduce the high key interest rate imposed amid skyrocketing wartime inflation, Bloomberg reported on June 2, citing undisclosed sources.

The reason is the growing toll on the federal budget and civilian industries, three officials told Bloomberg, with some calling for the decision to be made at the bank's meeting on June 6.

Russia's central bank imposed a 21% key interest rate in October 2024 — the highest level since the early 2000s — to tackle surging inflation, which has dropped to 6.2% this April from 10.7% in January, according to Russian official data.

The high borrowing costs primarily impacted civilian industries unrelated to the Russian military-industrial complex, which has experienced growth amid Russia's record wartime spending, Bloomberg reported.

Nabiullina was seen as a key figure in helping the Russian economy stay afloat as the West imposed massive sanctions due to Moscow's full-scale invasion of Ukraine in 2022.

The bank governor has nevertheless faced backlash over her decision on borrowing costs. In January, Russian President Vladimir Putin voiced displeasure with the decline in private investment due to the high cost of credit.

After some positive signals earlier in 2025 due to U.S. President Donald Trump's outreach to Moscow and hopes for a ceasefire, more recent reports again indicate a sharp slowdown in Russia's economic growth.

Analysts have connected this development to the central bank policies, sanctions, low oil prices, supply difficulties, and high inflation.

As Trump fails to sanction Moscow, few expect breakthrough during upcoming Russia-Ukraine talks
As Ukraine and Russia prepare for peace talks scheduled for June 2 in Istanbul, few observers expect a breakthrough. While the U.S. and Ukraine have pushed for an unconditional ceasefire, the Kremlin has rejected it. Instead, Moscow has regularly voiced maximalist demands that are unlikely to be accepted by
Russian central bank head under pressure to slash key interest rate, Bloomberg reportsThe Kyiv IndependentOleg Sukhov
Russian central bank head under pressure to slash key interest rate, Bloomberg reports
  • ✇The Kyiv Independent
  • OPEC+ extends oil output surge despite Russian pushback, Bloomberg reports
    OPEC+ will boost oil production by 411,000 barrels per day in July, marking the third consecutive monthly increase and reinforcing a major strategic shift that has driven crude prices to a four-year low. Key producers, including Saudi Arabia, agreed to the supply hike during a virtual meeting on May 31, following similarly sized increases set for May and June,  delegates familiar with the talks told Bloomberg. The move continues to diverge from OPEC+’s longstanding approach of curbing output to
     

OPEC+ extends oil output surge despite Russian pushback, Bloomberg reports

31 mai 2025 à 11:32
OPEC+ extends oil output surge despite Russian pushback, Bloomberg reports

OPEC+ will boost oil production by 411,000 barrels per day in July, marking the third consecutive monthly increase and reinforcing a major strategic shift that has driven crude prices to a four-year low.

Key producers, including Saudi Arabia, agreed to the supply hike during a virtual meeting on May 31, following similarly sized increases set for May and June,  delegates familiar with the talks told Bloomberg.

The move continues to diverge from OPEC+’s longstanding approach of curbing output to maintain high oil prices. Russia, a major partner in the alliance, reportedly proposed pausing the increases but was overruled. Delegates asked not to be named due to the private nature of the negotiations.

Oil briefly dropped below $60 per barrel in April after OPEC+ announced the output increases, despite weak global demand and the ongoing impact of President Donald Trump’s trade war. Prices have since rebounded slightly, with Brent crude trading around $64 in London.

Analysts and officials have pointed to a range of motives behind Saudi Arabia’s policy change. Some suggest Riyadh is trying to placate Trump, others argue the kingdom is seeking to regain market share lost to U.S. shale producers and other competitors. Additional theories include punishing members such as Kazakhstan and Iraq for exceeding their output quotas, or simply responding to unexpectedly strong demand.

The shift comes at a financial cost. While lower crude prices benefit consumers and help central banks combat inflation, they threaten the revenues of oil-exporting nations.

NATO officials reject Russian demand to halt expansion, media reports
According to NATO sources cited by Radio Liberty, the written pledge Moscow demands is unrealistic. “It’s not something they (Russia) can just get,” one diplomat said.
OPEC+ extends oil output surge despite Russian pushback, Bloomberg reportsThe Kyiv IndependentAnna Fratsyvir
OPEC+ extends oil output surge despite Russian pushback, Bloomberg reports
  • ✇The Kyiv Independent
  • Ukraine to skip $665 million debt payment, Bloomberg reports
    Ukraine will skip a $665 million government debt payment after failing to agree on restructuring terms with creditors, Bloomberg reported on May 30."Ukraine remains committed to implementing a comprehensive, fair and equitable restructuring of the GDP-linked securities," the Finance Ministry told Bloomberg.On April 24, the Ukrainian government said it failed to reach an agreement with its debtholders to restructure approximately $2.6 billion of debt. This indicated Kyiv could default on its late
     

Ukraine to skip $665 million debt payment, Bloomberg reports

30 mai 2025 à 22:46
Ukraine to skip $665 million debt payment, Bloomberg reports

Ukraine will skip a $665 million government debt payment after failing to agree on restructuring terms with creditors, Bloomberg reported on May 30.

"Ukraine remains committed to implementing a comprehensive, fair and equitable restructuring of the GDP-linked securities," the Finance Ministry told Bloomberg.

On April 24, the Ukrainian government said it failed to reach an agreement with its debtholders to restructure approximately $2.6 billion of debt. This indicated Kyiv could default on its latest payment.

The debt consists of so-called GDP warrants, a financial instrument that gives the debtholder the right to additional payments based on economic performance.

Ukraine has said it will seek to abide by its agreements with the International Monetary Fund (IMF) and official partners, Bloomberg reported.

The IMF has warned that failure to resolve the GDP warrant issue could threaten further debt restructuring, as well as an ongoing $15.6 billion bailout program, the Extended Fund Facility (EFF).

Kyiv reached an agreement with some of its creditors in July 2024 to restructure more than $20 billion in international bonds, allowing Ukraine to avoid default amid Russia's full-scale war.

In September, the Finance Ministry announced it had reduced state debt by $9 billion after completing an external debt restructuring process.

Ukraine's economy has struggled in the face of Russia's war. Its GDP fell drastically in the early days of Russia's full-scale invasion and has steadily grown since.

The European Bank for Development and Reconstruction (EBRD) forecasts Ukraine's GDP will grow 3.3% in 2025, down from an initial forecast expecting growth of 3.5%.

Ukraine war latest: Ukraine attacks elite Russian unit base nearly 7,000km away in Vladivostok, source claims
Key developments on May 28: * Ukraine attacks elite Russian unit base nearly 7,000km away in Vladivostok, source claims * Ukraine ready for 2nd round of Istanbul talks but seeks Russian draft memo in advance, Yermak says * Senate to ‘start moving’ Russia sanctions bill next week, Graham says * Russia may ‘consider’
Ukraine to skip $665 million debt payment, Bloomberg reportsThe Kyiv IndependentThe Kyiv Independent news desk
Ukraine to skip $665 million debt payment, Bloomberg reports
  • ✇The Kyiv Independent
  • Ukraine’s AI-powered ‘mother drone’ sees first combat use, minister says
    Ukraine has deployed a new artificial intelligence-powered "mother drone" for the first time, marking a major step in the country's expanding use of autonomous battlefield technology, Digital Transformation Minister Mykhailo Fedorov announced on May 29.The drone system, developed by Ukraine's defense tech cluster Brave1, can deliver two AI-guided FPV (first-person view) strike drones up to 300 kilometers (186 miles) behind enemy lines, according to Fedorov. Once released, the smaller drones can
     

Ukraine’s AI-powered ‘mother drone’ sees first combat use, minister says

29 mai 2025 à 11:35
Ukraine’s AI-powered ‘mother drone’ sees first combat use, minister says

Ukraine has deployed a new artificial intelligence-powered "mother drone" for the first time, marking a major step in the country's expanding use of autonomous battlefield technology, Digital Transformation Minister Mykhailo Fedorov announced on May 29.

The drone system, developed by Ukraine's defense tech cluster Brave1, can deliver two AI-guided FPV (first-person view) strike drones up to 300 kilometers (186 miles) behind enemy lines, according to Fedorov. Once released, the smaller drones can autonomously locate and hit high-value targets, including aircraft, air defense systems, and critical infrastructure — all without using GPS.

"The system uses visual-inertial navigation with cameras and LiDAR to guide the drones, while AI independently identifies and selects targets," Fedorov said.

0:00
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A video showing the first-ever use of Ukraine’s AI-powered “mother drone” in combat. (Mykhailo Fedorov / Telegram)

The system, called SmartPilot, allows the carrier drone to return and be reused for missions within a 100-kilometer range. Each operation costs around $10,000 — hundreds of times cheaper than a conventional missile strike, Fedorov said.

The development comes as Ukraine continues to ramp up domestic drone production. On April 7, President Volodymyr Zelensky announced that the country would scale up production of unmanned systems "to the maximum," including long-range, ground-based, and fiber-optic drones, which are resistant to electronic warfare.

Ukraine has leaned heavily on technological innovation to offset its disadvantages in manpower and firepower since Russia's full-scale invasion began in 2022. The use of drones, aerial, naval, and ground-based, has become a central feature of both sides' strategies in the war.

Fedorov said Ukraine will continue investing in Ukrainian systems that "change the rules of the game in technological warfare."

  • ✇The Kyiv Independent
  • Durov announces Telegram's partnership with Musk's xAI, who says no deal signed yet
    Telegram and Elon Musk's xAI will enter a one-year partnership, integrating the Grok chatbot into the messaging app, Telegram CEO Pavel Durov announced on May 28.Musk, the world's richest man who also owns Tesla and SpaceX, commented that "no deal has been signed," prompting Durov to clarify that the deal has been agreed in "principle" with "formalities pending.""This summer, Telegram users will gain access to the best AI technology on the market," Durov said."Elon Musk and I have agreed to a on
     

Durov announces Telegram's partnership with Musk's xAI, who says no deal signed yet

29 mai 2025 à 02:51
Durov announces Telegram's partnership with Musk's xAI, who says no deal signed yet

Telegram and Elon Musk's xAI will enter a one-year partnership, integrating the Grok chatbot into the messaging app, Telegram CEO Pavel Durov announced on May 28.

Musk, the world's richest man who also owns Tesla and SpaceX, commented that "no deal has been signed," prompting Durov to clarify that the deal has been agreed in "principle" with "formalities pending."

"This summer, Telegram users will gain access to the best AI technology on the market," Durov said.

"Elon Musk and I have agreed to a one-year partnership to bring xAI’s chatbot Grok to our billion+ users and integrate it across all Telegram apps."

The announcement comes as Musk announces his exit from his role in the Trump administration to focus on his business ventures, many of which saw their profits drop in the past few months.

Musk founded xAI in 2023, and earlier this year, another of his ventures, X Corp., which operates the X social platform, acquired the AI company. Grok is xAI's flagship project and has already been integrated into X.

Musk's takeover of X saw the social platform, formerly known as Twitter, become the leading source of disinformation, EU officials said. The Grok chatbot also faced scrutiny recently after posting unprompted comments on the topic of so-called "white genocide" in South Africa, Musk's home country.

Durov, the Russian-born founder of Telegram, currently resides in Dubai and holds Russian, Emirati, and French citizenship. He is under investigation in France for criminal activity on his messaging app.

Durov has claimed he is a pariah and has been effectively exiled from Russia, but it was reported last year that he had visited Russia over 60 times since leaving the country, according to Kremlingram, a Ukrainian group that campaigns against the use of Telegram in Ukraine.

Telegram remains one of the most popular social media platforms among Ukrainians. A September 2023 poll by the Kyiv International Institute of Sociology indicated that 44% of Ukrainians use Telegram to receive information and news.

Ukrainian officials have warned about security risks associated with using Telegram, leading to restrictions on its use by civil servants and politicians.

Trump holds off on sanctions to push Ukraine-Russia peace efforts
U.S. President Donald Trump said on May 28 that he has not yet imposed new sanctions on Russia because he believes a peace deal to end the war in Ukraine may be within reach.
Durov announces Telegram's partnership with Musk's xAI, who says no deal signed yetThe Kyiv IndependentOlena Goncharova
Durov announces Telegram's partnership with Musk's xAI, who says no deal signed yet
  • ✇The Kyiv Independent
  • US court blocks most of Trump's tariffs, rules he exceeded authority
    A U.S. federal court overturned on May 28 President Donald Trump's tariffs on dozens of countries, including those affecting trade with Ukraine, according to the U.S. Court of International Trade's ruling.Trump announced a new sweeping tariff policy on April 2 as part of what he called "Liberation Day," framing the tariff regime as a bid to revitalize U.S. manufacturing and fight back against foreign exploitation. Ukraine was hit with a 10% blanket tariff on its exports, lower than the 20% impos
     

US court blocks most of Trump's tariffs, rules he exceeded authority

29 mai 2025 à 02:28
US court blocks most of Trump's tariffs, rules he exceeded authority

A U.S. federal court overturned on May 28 President Donald Trump's tariffs on dozens of countries, including those affecting trade with Ukraine, according to the U.S. Court of International Trade's ruling.

Trump announced a new sweeping tariff policy on April 2 as part of what he called "Liberation Day," framing the tariff regime as a bid to revitalize U.S. manufacturing and fight back against foreign exploitation.

Ukraine was hit with a 10% blanket tariff on its exports, lower than the 20% imposed on the European Union. Increased rates targeted countries where the U.S. has the largest trade deficits, notably China.

Russia, Belarus, North Korea, and Cuba were not included.

The court ruled that the federal law allowing the president to impose tariffs, embargoes, and sanctions during national emergencies "does not authorize the president to impose unbounded tariffs."

The ruling cited the U.S. Constitution, saying that it grants Congress sole authority over international trade, which is not superseded by the president’s emergency economic powers.

The court struck down the 10% tariffs applied to all U.S. trading partners to address the trade deficit, along with Trump’s proposed "reciprocal" tariffs of 20–50% on over 60 countries. This move means that the court would also block tariffs on trade with Ukraine.

Additionally, the court overturned Trump’s executive orders imposing 25% tariffs on Canadian and Mexican goods and a 20% tariff on Chinese goods.

A 10% blanket tariff on its exports was still a setback for a country at war. Kyiv's metallurgy sector, a major source of Ukrainian exports to the U.S., was already impacted by a 25% tariff imposed in March.

In 2023, Ukrainian exports to the U.S. totaled just $874 million, while imports from the U.S. reached $3.4 billion. The overall trade volume has declined in recent years, but the tariffs could deepen the imbalance, especially if they trigger broader protectionist measures globally.

Yuliia Svyrydenko, Ukraine's Economy Minister, called the U.S. tariffs announced in early April "difficult, but not critical," saying Kyiv remained focused on long-term economic resilience and international cooperation.

Ukraine war latest: Moscow proposes next round of Russia-Ukraine talks on June 2 in Istanbul
* Moscow proposes next round of Russia-Ukraine talks on June 2 in Istanbul * Ukrainian drones hit Russian cruise missile factory, SBU source says, in one of largest reported strikes of full-scale war * 11 more Ukrainian Children rescued from Russian-occupied territories, Yermak’s advisor says * ‘We’ll know in two weeks’ if Putin serious
US court blocks most of Trump's tariffs, rules he exceeded authorityThe Kyiv IndependentThe Kyiv Independent news desk
US court blocks most of Trump's tariffs, rules he exceeded authority
  • ✇The Kyiv Independent
  • Germany to do 'everything' to prevent Nord Stream 2 restart, Merz says
    The German government will "do everything to ensure that Nord Stream 2 cannot be put back into operation," German Chancellor Friedrich Merz said on May 28.Speaking during a joint press conference with President Volodymyr Zelensky in Berlin, Merz vowed to "further increase the pressure on Russia" as Moscow intensifies its attacks on Ukrainian cities.Kyiv's European partners have pledged to ramp up economic pressure on Russia as it continues to reject a ceasefire. Though no step has been taken so
     

Germany to do 'everything' to prevent Nord Stream 2 restart, Merz says

28 mai 2025 à 08:40
Germany to do 'everything' to prevent Nord Stream 2 restart, Merz says

The German government will "do everything to ensure that Nord Stream 2 cannot be put back into operation," German Chancellor Friedrich Merz said on May 28.

Speaking during a joint press conference with President Volodymyr Zelensky in Berlin, Merz vowed to "further increase the pressure on Russia" as Moscow intensifies its attacks on Ukrainian cities.

Kyiv's European partners have pledged to ramp up economic pressure on Russia as it continues to reject a ceasefire. Though no step has been taken so far, Zelensky hinted on May 27 that the EU's upcoming 18th package could have a significant impact on the Russian economy.

According to earlier reporting, the upcoming package could include a complete ban on restarting Nord Stream pipelines and new banking sanctions.

The goal of the sanctions must be to "weaken Moscow's war machine," Merz added.

Nord Stream 1 and 2 are gas pipelines running between Russia and Germany under the Baltic Sea. Nord Stream 2 has never been activated, and the pipes shut down after suspected sabotage in 2022.

Russian Foreign Minister Sergey Lavrov claimed in March that discussions were underway with the United States to resume gas flows through the pipelines.

Sanctions on Russia are working, Ukraine just needs more
Sanctions on their own won’t end the war, but they are a crucial tool in the West’s efforts to pressure Putin.
Germany to do 'everything' to prevent Nord Stream 2 restart, Merz saysThe Kyiv IndependentDominic Culverwell
Germany to do 'everything' to prevent Nord Stream 2 restart, Merz says
  • ✇The Kyiv Independent
  • Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky says
    Western sanctions will significantly affect the Russian economy in the early summer of 2026, President Volodymyr Zelensky said on May 27 during a press briefing, Suspilne reported.Ukraine's partners have imposed heavy sanctions on Russia since the beginning of the invasion in 2022. In spite of these measures, Moscow retains its ability to wage war, gradually advancing in several sectors of the front line and increasing its defense production.Zelensky said he hopes that in June 2026, there will b
     

Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky says

28 mai 2025 à 07:23
Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky says

Western sanctions will significantly affect the Russian economy in the early summer of 2026, President Volodymyr Zelensky said on May 27 during a press briefing, Suspilne reported.

Ukraine's partners have imposed heavy sanctions on Russia since the beginning of the invasion in 2022. In spite of these measures, Moscow retains its ability to wage war, gradually advancing in several sectors of the front line and increasing its defense production.

Zelensky said he hopes that in June 2026, there will be no more war in Ukraine, but Russia will still feel the pressure of sanctions.

"Sometime in the summer of 2026, their economy will feel it strongly," Zelensky said.

The president added that the biggest challenge at the moment is the developing Russian military-industrial complex. At the same time, he noted that Russia will not be able to increase its defense potential next year, citing Ukrainian estimates.

"We see that it (the Russian military-industrial complex) will not be able to grow next year, its growth will decrease. And it will decrease constantly. That is, the economy will completely change, they will spend everything on war," Zelensky said.

Sanctions on Russia are working, Ukraine just needs more
Sanctions on their own won’t end the war, but they are a crucial tool in the West’s efforts to pressure Putin.
Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky saysThe Kyiv IndependentDominic Culverwell
Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky says

Zelensky stressed the significance of the West, particularly the U.S., increasing sanctions pressure on Russia.

"We are waiting for sanctions from the U.S. Europe has done it, and there is the 17th package. We have been discussing the details of the 18th package, so that it will be stronger," Zelensky said, adding that if the next package is supported, the consequences for Russia could be significant.

Zelensky's statement comes as U.S. President Donald Trump is considering imposing sanctions on Russia this week, the Wall Street Journal (WSJ) reported on May 26. The sanctions would reportedly aim to push Russia to the negotiating table but may not include additional banking restrictions, according to the media outlet.

Trump's stance on U.S. sanctions against Russia has been unclear. Trump has repeatedly threatened additional economic measures against Moscow but said he does not plan to take the step at the moment after his phone call with Russian President Vladimir Putin.

A bipartisan group of U.S. Senators has said they are ready to vote on a bill on sanctions against Russia if peace talks over the war in Ukraine do not progress soon. The bill, introduced to the Senate in early April, would impose new penalties on Russia and slap 500% tariffs on imports from countries that buy Russian oil, petroleum products, natural gas, or uranium.

Ban on NATO’s eastward expansion, easing sanctions — Reuters lists Putin’s Ukraine peace demands
One senior Russian source told Reuters that Putin is ready for a peace agreement, but “not at any price.”
Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky saysThe Kyiv IndependentKateryna Hodunova
Russia to 'strongly' feel Western sanctions impact by mid-2026, Zelensky says
  • ✇The Kyiv Independent
  • US, EU no longer coordinating enforcement of Russia sanctions, media reports
    Editor's note: The article was updated with a response by Ukrainian sanctions official Vladyslav Vlasiuk.The U.S.-EU negotiations on coordinating the enforcement of sanctions against Russia have failed, making a future united strategy against Moscow uncertain, the newspaper Suddeutsche Zeitung (SZ) reported on May 27, citing an internal document from the German Foreign Ministry.EU sanctions chief David O'Sullivan noted that there is "no more outreach" between the two sides on sanctions evasion a
     

US, EU no longer coordinating enforcement of Russia sanctions, media reports

27 mai 2025 à 02:44
US, EU no longer coordinating enforcement of Russia sanctions, media reports

Editor's note: The article was updated with a response by Ukrainian sanctions official Vladyslav Vlasiuk.

The U.S.-EU negotiations on coordinating the enforcement of sanctions against Russia have failed, making a future united strategy against Moscow uncertain, the newspaper Suddeutsche Zeitung (SZ) reported on May 27, citing an internal document from the German Foreign Ministry.

EU sanctions chief David O'Sullivan noted that there is "no more outreach" between the two sides on sanctions evasion and that G7 cooperation has "also lost momentum" in this regard, according to a report from an EU ministerial meeting in Brussels on May 20.

The story contrasts with earlier declarations by German officials that the EU's 18th sanctions package is being coordinated with Washington. European leaders have pledged to ramp up economic pressure on Moscow after it rejected proposals for a truce in Ukraine.

Ukrainian sanctions official Vladyslav Vlasiuk later disputed the article, calling its conclusion a "big exaggeration."

Vlasiuk noted that he meets regularly with his U.S. counterparts during joint working meetings in Europe, and while there may not be the same "impetus" due to the "political context," there has been no breakdown in communication.

"As before, there is a lot of exchange of information and ideas within the sanctions coalition," Vlasiuk said on Facebook, highlighting that U.S. support will be key in convincing Hungary not to block the upcoming EU sanctions package.

Since the outbreak of the full-scale war, the U.S. has been a key player in enforcing the sanctions regime against Moscow, closely cooperating with the EU and G7 partners in cutting off Russia's supplies of military-use material and curtailing its economy.

U.S. President Donald Trump, who took office this January, has been inconsistent in his approach to sanctions against Russia.

While repeatedly threatening additional economic measures to pressure Moscow to peace talks, Trump reportedly told European leaders he would not impose any new sanctions after his phone call with Russian President Vladimir Putin, allegedly not wanting to endanger business opportunities with Russia.

More recently, after Trump sharply criticized Putin for strikes against Ukrainian cities, the Wall Street Journal reported that the U.S. president is once again mulling new sanctions this week. Trump is reportedly also considering walking away from peace efforts unless progress is made.

According to the internal report cited by SZ, the current trade restrictions appear to have a significant impact on the Russian economy and have had some success in curtailing the flow of war-related goods via third-party countries and the activity of Russia's "shadow fleet."

The EU's upcoming 18th sanctions package could include measures to disconnect more than 20 Russian banks from SWIFT, lower the G7 oil price cap on Russian crude exports from $60 to around $45 per barrel, ban the Nord Stream gas pipelines, and impose approximately 2.5 billion euros ($2.84 billion) in new trade restrictions, Bloomberg reported last week.

Ukraine war latest: West no longer imposing range restrictions on arms for Ukraine, Germany’s Merz says
Key developments on May 26: * West no longer imposing range restrictions on arms for Ukraine, Germany’s Merz says * Russia launches record 355 drones at Ukraine; 6 killed, 24 injured over past 24 hours * Russian drone production site, chemical plant targeted in alleged Ukrainian drone strike * Netherlands to send last of
US, EU no longer coordinating enforcement of Russia sanctions, media reportsThe Kyiv IndependentThe Kyiv Independent news desk
US, EU no longer coordinating enforcement of Russia sanctions, media reports

Un studio vidéo 100 % autonome ouvre ses portes à Sherbrooke | Radio-Canada

17 avril 2025 à 15:33
Le concept des "Bunkers" s'adresse à beaucoup de monde. "J’ai des gens qui vont faire des podcasts, mais j’ai aussi énormément d’entreprises qui veulent parler de leurs services sur leur site web." Il était temps que je prenne ma retraite... Les vidéastes sont ubérisés! :-o
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