Ukrainian drone strikes on Russian oil refineries are causing a shortage of petrol on the domestic markets and have sent prices at the pump surging in the last few weeks.
Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support. Over the past year, Russia has learned to develop new weapons and ammunition faster than at any time in its modern history.
Lithuanian President Gitanas Nauseda and Prime Minister Ingrida Simonyte believe that Lithuania should help Ukraine get back its military-age men living abroad.
Ukraine has witnessed a surge in defence tech innovation initiatives. Defence Builder is a startup accelerator aimed at fostering collaboration between Ukraine’s military, business and startup community to develop technologies requested by the army.
Ukraine’s economy has proven to be resilient and is beginning to recover. But the weight of the war is still weighing heavily on the country and Russia’s intensified bombardment of recent months caused some analysts to lower their GDP forecasts.
Russia's Finance Ministry ran an extreme stress test on the economy for this year that assumes zero growth, a weakening ruble and falling oil and gas revenues in the worst-case scenario.
Ukraine needs at least seven Patriot air defence systems, Ukrainian President Volodymyr Zelenskiy said, urging allies “not to waste time,” in his daily broadcast on April 27, as Ukraine continues to get pummelled by Russian missiles.
Ukrainian forces are withdrawing U.S.-provided Abrams M1A1 battle tanks from the front lines after at least 5 have been destroyed by cheap Russian drones.
The National Bank of Ukraine (NBU) lowered the key policy rate by 100bp to 13.5% on April 25 and improved its inflation forecast as price pressure ease.
After a long wait, the US aid package for Ukraine of almost $61bn got the last seal with President Biden's signature on April 24, 2024. The sizeable package focuses especially on military material aid.
In a sting blow for the Kremlin, the European Parliament ruled that Russia’s presidential election was illegitimate and blamed Russian President Vladimir Putin personally for the “murder” of opposition activist Alexei Navalny.
Poland is ready to help Ukraine bring conscription-age men home after Kyiv stepped up its mobilisation effort, a top government official said this week. But hundreds of thousands of people leaving Poland could be a huge problem for the economy.
Russia’s oil and gas revenues surged in the first three months of this year by 79%, but Reuters calculated they will double in April compared to the same month a year earlier, the newswire reported on April 24.
A new report released by the Center for European Policy Analysis (CEPA) estimates the total damages from the Ukraine war at between $485bn and $1 trillion and notes that Western aid delivered thus far has been woefully inadequate for reconstruction.
The US secretly sent Ukraine long-range missiles in February ahead of the new $61bn aid package on April 20 that Kyiv used for the first time this week.
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
British Prime Minister Rishi Sunak met with German Chancellor Olaf Scholz in Berlin and promised closer defence cooperation as the UK announced a large hike in defence spending.
Ukraine drones hit and set on fire the RosNeft oil depot in the Yartsevo, Smolensk region as the sun began to rise on April 24.
Government queries president's comments, while Moscow attacks them as "provocative".