Inflation in Ukraine accelerated to 12% in 2024, exceeding forecasts made by the country's National Bank, Ukraine's statistics service Derzhstat announced on Jan. 10. The Ukrainian economy has undergone harsh conditions with the onset of Russia's full-scale invasion of Ukraine in 2022.

Ukraine's central bank raised the main interest rate to 14.5% to curb inflation, challenging economic recovery amid war with Russia. Inflation hit 12% in December, driven by rising costs and power shortages.

President Trump’s initial attempts to lure Russian President Vladimir Putin to the negotiating table on Ukraine have been met with what essentially amounts to a shrug. “We don’t see anything new here,

By applying enough pressure now, the thinking goes, Ukraine and its backers can enter talks from a favorable position, and Russian President Vladimir Putin will be forced to engage in good-faith negotiations that end in a satisfactory settlement.

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"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Inflation in Russia accelerated in 2024, official statistics published Wednesday showed, as the costs of Moscow's full-scale offensive on Ukraine weigh on the domestic economy. The Kremlin has ...

Russia recorded in 2024 a budget deficit exceeding three trillion rubles for the third consecutive year, soaring to 3.49 trillion rubles ($34.39 billion), according to the country's finance ministry.

DEEP DIVE — Nearly three years into its costly war against Ukraine, Russia’s economy is faltering under the strain of sanctions, inflation, and high borrowing costs. While Western hopes that the sanctions would bring economic collapse proved premature, the cumulative toll is now evident.

Donald Trump is set to be sworn in Monday for a second term as president after running on a very long and varied list of campaign promises last year. And if you believe he means to keep them, then ...

Moscow responds to Trump ultimatum as 1,000 North Koreans killed in Kursk - Kremlin seeks to play down new Trump threat over war in Ukraine