Independent English-language journalism in Ukraine
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The Kyiv Independent
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With the extreme secrecy that mil-tech companies adhere to, plus the elevated threat that a Russian missile or drone will wipe out a company's assets, matching defense companies' financing needs to a bank's risk appetite can be tough.
While financing talks are ongoing with international partners, including the EU, Ukraine’s government is currently the one footing the bill as the energy sector works against the clock to prepare for winter.
These are the indicative estimates of Russia’s combat losses as of June 10, according to the Armed Forces of Ukraine.
An oil refinery in the Russian city of Samara was struck by Ukrainian drones, and a manufacturing facility in Cheboksary was struck by missiles overnight on June 10, social media channels reported.
⚡️Update: Ukrainian missiles, drones reportedly strike oil refinery, manufacturing site in long-range strikes on Russia.
Germany will contribute an additional 300 million euros ($346 million) to the Czech-led initiative supplying artillery ammunition to Ukraine, German Defense Minister Boris Pistorius announced on June 9 during talks with his Czech counterpart in Berlin.
⚡️Germany pledges 300 million euros to Czech ammunition initiative for Ukraine.
As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring.
Ukraine's private defense sector that emerged from scratch in the aftermath of Russia's invasion is still young and sometimes immature — unlike the country's well-established and more risk-averse banking sector.
⚡️Russian oil refinery nearly 800 kilometers from border reportedly struck by Ukrainian drones.
An oil refinery in the Russian city of Samara was struck by Ukrainian drones overnight on June 10, social media channels reported.
