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.

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.

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.

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The officers tried their best to fight the fire, but factors such as the unavailability of fire hydrants hindered their efforts. “Unfortunately, the fire hydrant they used was a bit far, but they managed to get the required water to put out the fire.” Sowane says the water in their trucks’ was not sufficient to stop the blaze.

Trump also told the crowd at the World Economic Forum in Davos, Switzerland that Canada has been tough to deal with over the years.

In President Donald Trump’s first television interview in the Oval Office since returning to the White House, he told Fox News he “might have to” cut funding for sanctuary cities, rebuffed concerns over TikTok and criticized Biden’s pardons.

President Vladimir Putin has grown concerned about distortions in Russia’s wartime economy, just as Donald Trump pushes for an end to the Ukraine conflict, sources say.