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.

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 Ukraine climbed to 11.2% year-on-year in November 2024, surpassing the National Bank of Ukraine’s (NBU) earlier forecasts, according to the latest inflation report says UBN on January 8.

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

Exclusive: Ahead of Monday's inauguration, Lord Ashcroft reveals just how the 47th President of the UK might bring war to an end in Europe

With just days left before handing over the keys to the US government, the Biden administration is making a last-ditch effort to seize hundreds of billions of dollars in Russian assets as future negotiating leverage for Ukraine,

The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year.

"The fact is that as soon as the Trump administration comes to the conclusion that the negotiations will be very difficult and that Russia has its own position," Deputy Director of the Center for Comp

Trump threatened tariffs of as much as 60% on China during his campaign but has tempered his plans. Canada and Mexico are now being threatened with a 25% tariff.

The west front of the U.S. Capitol in Washington on Friday Jan, 17, 2025, after President-elect Donald Trump announced that his inauguration will be moved indoors because of a forecast of extreme cold. (Kenny Holston/The New York Times) (KENNY HOLSTON)

Growth in Ukraine is projected to slow to 2% in 2025, assuming active hostilities persist throughout the year. In 2026, with an anticipated cessation of fighting, a strong recovery of 7% is expected,

Cabbage (+204%), carrots (+150%), potatoes (+96.6%), apples (+71.9%), beetroots (+71.3%), and butter (+40%) saw the highest price increases in 2024, according to the State Statistics Service (SSS), which monitors the basket of 54 basic goods and services.