Latest news with #Kyiv
Bloomberg
2 hours ago
- Business
- Bloomberg
Graham Expects Russia Sanctions Bill to ‘Start Moving' Next Week
South Carolina Republican Lindsey Graham said the Senate is likely to 'start moving' on new punishing sanctions against Russia next week because of the lack of progress toward a ceasefire in Ukraine. 'Enough of talking, it's time to act,' Graham, the sponsor of the sanctions bill and one of President Donald Trump's biggest supporters in the upper chamber, told reporters during a visit in Kyiv on Friday. 'I would expect next week that the Senate will start moving the sanctions bill.'
Reuters
3 hours ago
- Business
- Reuters
Ukraine to default on payment to GDP warrant holders
LONDON/KYIV, May 30 (Reuters) - Ukraine's finance ministry said on Friday it would not be paying more than half a billion dollars due to holders of its GDP warrants, marking the first payment default since it created the instruments. The war-ravaged country said it owes $665 million on June 2 to holders of the $3.2 billion worth of warrants, based on 2023 economic performance. Last year, Ukraine's parliament approved a payment moratorium on the GDP-linked securities from May 31. "Ukraine remains committed to implementing a comprehensive, fair and equitable restructuring of the GDP-linked Securities," it said in a statement, adding it must comply with debt targets outlined in its IMF programme and in line with the comparability of treatment with official lenders. Ukraine created the instruments - fixed income securities indexed to economic growth - to sweeten its 2015 debt restructuring. But their complex structure meant they had not been part of last year's broader $20 billion restructuring. Ukraine's economy cratered after Russia's full-scale invasion in 2022, falling close to 30%. And while its economy staged modest growth in 2023 and 2024, its gross domestic product remains below the pre-war level. Finance Minister Serhii Marchenko described the warrants, with a payout linked to growth, as "designed for a world that no longer exists".
CTV News
3 hours ago
- General
- CTV News
Ukraine jails 21-years-old for allegedly guiding Russian strikes
FILE: A rescue worker stand debris of a house destroyed by a Russian strike in Markhalivka village, Kyiv region, Ukraine, Sunday, May 25, 2025. (AP Photo/Evgeniy Maloletka) Ukraine on Friday jailed a 21-year-old man for 15 years on allegations he guided missile attacks for Russia, the latest collaboration conviction after more than three years of war. Moscow and Kyiv frequently accuse each other of recruiting civilians to coordinate attacks or carry out sabotage attacks, and of offering financial incentives and grooming them via social media. 'On the orders of a Russian special services officer, the traitor travelled around the city and its outskirts, secretly photographing the locations of Ukrainian troops,' the SBU security service wrote on Telegram. Many of those accused in Ukraine of carrying out the crimes are teenagers. According to the SBU, the Kyiv resident -- who was not identified by name -- was also preparing attacks in the Ukrainian capital on behalf of Russia and was caught red-handed while 'spying' near a military facility.
NHK
3 hours ago
- General
- NHK
Zelenskyy accuses Russia of 'deception' for not sharing peace memorandum
Ukrainian President Volodymyr Zelenskyy has accused Russia of "deception" for not presenting a peace memorandum as promised. On Wednesday, Russian Foreign Minister Sergey Lavrov issued a statement saying Russia is ready to present the memorandum to the Ukrainian delegation and provide the necessary explanations during the next round of direct talks in Turkey on Monday. Meanwhile Kyiv said it has already handed over its memorandum to the Russian delegation. Kyiv urged the Russian side to share its version as soon as possible, saying Moscow was supposed to do so immediately after the prisoner swap that took place through last Sunday. In a video address on Thursday, Zelenskyy said it was "Another Russian deception" and called on his country's partners to step up pressure on Moscow. Also on Thursday, US special envoy for Ukraine Keith Kellogg told American media outlet ABC News that senior officials from the United States, Germany, France and Britain will attend the discussions on the peace memorandum in Turkey. The head of Ukraine's presidential office, Andriy Yermak, had met with high-ranking officials of those countries ahead of the first direct talks with Russia that took place on May 16.
Washington Post
5 hours ago
- General
- Washington Post
Next round of Russia-Ukraine talks uncertain as Moscow won't reveal terms
KYIV — The next round of direct talks between Russia and Ukraine have been thrown into doubt after Moscow has refused to produce its promised terms for peace before the sides meet Monday in Istanbul. Ukraine, as a result, has declined to commit to the meeting date set by Russia for the U.S.-backed talks, while the Kremlin has insisted that its terms must remain secret until talks begin.
