Four years into Russia’s invasion of Ukraine, the war can be measured not only in lives and territory, but in money. In Part One, the war’s cost was measured in casualties and kilometres. In Part Two, it is measured in billions of dollars.
Four years after Russia launched its full-scale invasion of Ukraine on 24 February 2022, the war is no longer defined by shock but by scale.
Ukraine could export several billion dollars of military equipment and services this year after authorising its first wartime foreign sales, a senior government official said. The country is also considering introducing a tax on arms exports.
Russia has outlined potential areas for economic cooperation with the Trump administration, including a possible return to using the U.S. dollar in bilateral dealings, Bloomberg News reported, citing an internal Kremlin memo.
Ukraine’s allies have pledged nearly $48 billion in military support at a meeting of the Ukraine Defence Contact Group (UDCG) in Brussels, vowing to intensify pressure on Russia and strengthen Kyiv’s battlefield position.
The Ukrainian capital came under a “massive” Russian missile attack early Thursday (12 February), with explosions heard across the capital according to authorities. The assault unfolded as uncertainty lingers over upcoming U.S.-brokered peace talks.
Ukrainian President Volodymyr Zelenskyy said air defence systems are being restructured and repaired as Russia’s latest attacks on energy infrastructure left parts of the country, including Kyiv, facing electricity and heating shortages during freezing winter conditions.
On 11 January, Russia’s war in Ukraine crossed a symbolic threshold. It entered its 1,418th day, matching exactly the duration of the Great Patriotic War of 1941–1945. Despite promises of “taking Kyiv in three days” the number has now exposed the limits of Russian power and strategy.
A senior Russian military intelligence officer is recovering in hospital after being shot several times in Moscow, as investigators prepare to interrogate two suspects in what appears to be the latest assassination attempt targeting Russia’s top military ranks since the start of the war in Ukraine.
Ukrainian and Russian officials wrapped up a "productive" first day of new U.S.-brokered talks in Abu Dhabi, Kyiv's lead negotiator said on Wednesday (4 February).
NATO Secretary General Mark Rutte on Tuesday inspected a thermal power plant in Kyiv that was damaged during overnight Russian attacks, as Ukraine accused Moscow of exploiting an energy truce to intensify its military campaign.
Russian forces have resumed attacks on Ukraine's capital Kyiv, as well as its second largest city Kharkiv and other cities early on Tuesday (3 February), officials said, triggering fires and dealing new blows to energy infrastructure.
At least 12 people were killed and seven wounded after a Russian drone struck a bus carrying miners in Ukraine's southeastern Dnipropetrovsk region, government officials said on Sunday (1 February).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 30th of January, covering the latest developments you need to know.
The Kremlin said on Friday (30 January) that Russian President had received a personal request from his U.S. counterpart, Donald Trump. The request was to halt strikes on Kyiv until 1 February to create a favourable environment for peace negotiations.
A Russian drone strike on a passenger train in northeastern Ukraine killed five people, prosecutors said on Tuesday, an attack denounced as terrorism by Ukrainian President Volodymyr Zelenskyy.
Russian drones and missiles knocked out power in Kharkiv late Monday, while 23 people were wounded and an energy facility damaged in an overnight attack on Odesa, officials said.
The Trump administration has signalled to Ukraine that U.S. security guarantees depend on Kyiv agreeing to a peace deal likely requiring it to cede the Donbas region to Russia, the Financial Times reported on Tuesday.
A Russian air attack cut power to more than one million Kyiv residents and impacted substations carrying power from Ukraine's atomic plants on Tuesday.
Russia launched a combined drone and missile attack on Ukraine early on Tuesday, knocking out power and heating supplies to thousands of apartment buildings in Kyiv, Ukrainian officials said.
Kyiv is facing its most severe wartime energy crisis, with the capital receiving only about half the electricity it needs, Mayor Vitali Klitschko told Reuters on Friday.
More than a 1,000 apartment buildings in the Ukrainian capital, Kyiv, remain without heating after a Russian missile strike earlier this week, local authorities said on Sunday, as freezing temperatures grip the city.
Kyiv's water and heating systems were restored after being temporarily shut down due to the intense cold, as engineers worked to stabilise the power grid, which had been pushed to the brink by a series of Russian strikes, including one two nights ago.
Russian drone and missile attacks on Kyiv early on Friday (9 January) killed at least 4 people, injured at least 19, and caused significant damage to residential buildings and critical infrastructure, Ukrainian officials said.
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