"I have great hope that an agreement for a ceasefire in Ukraine will be reached this weekend," German Chancellor Friedrich Merz said on May 9, shortly before traveling to Kyiv alongside the leaders of France, Poland, and the U.K.
U.K. Prime Minister Keir Starmer, French President Emmanuel Macron, German Chancellor Friedrich Merz, and Polish Prime Minister Donald Tusk will arrive in Kyiv early on May 10.
The United States embassy in Kyiv on May 9 issued a warning that Russia could launch "a potentially significant" attack in the coming days, despite Putin's self-declared Victory Day "truce."
The sanctioned oil tankers have transported over $24 billion in cargo since 2024, according to Downing Street. The U.K. has now sanctioned more shadow fleet vessels than any other country.
Washington and its partners are considering additional sanctions if the parties do not observe a ceasefire, with political and technical negotiations between Europe and the U.S. intensifying since last week, Reuters' source said.
The Kyiv Independent’s contributor Ignatius Ivlev-Yorke spent a day with a mobile team from the State Emergency Service in Nikopol in the south of Ukraine as they responded to relentless drone, artillery, and mortar strikes from Russian forces just across the Dnipro River. Nikopol is located across from the Russian-occupied Zaporizhzhia Nuclear Power Plant in the city of Enerhodar.
China's President Xi Jinping (L) is welcomed by his Russian counterpart Vladimir Putin (R) during the opening ceremony of "The Year of Chinese Tourism in Russia" in Moscow, on March 22, 2013. (Sergei Ilnitskii / AFP)
Russia is moving to curb the flow of Chinese car imports, a decision that could deal a blow to Chinese manufacturers and traders who have increasingly relied on the Russian market, the Financial Times reported on March 10.
China has remained a key economic partner for Russia throughout the full-scale invasion of Ukraine, supplying Moscow with critical dual-use goods and helping to keep its economy afloat amind Western sanctions.
Chinese car exports to Russia surged sevenfold in 2023 compared to 2022, as Western sanctions over Moscow’s war against Ukraine cut Russia off from brands like Volkswagen, Toyota, and BMW.
Automakers in China, facing anti-dumping measures in the U.S., EU, Canada, Turkey, and Brazil, found a lucrative market in Russia, the Financial Times wrote. Chinese brands now account for 63% of the market, while domestic Russian brands have fallen to 29%.
In response, Russian authorities have introduced measures to slow the influx. In January, Moscow raised the "recycling fees" for most passenger cars to $7,500, more than doubling the rate set last September.
The fees will continue rising by 10-20% annually until 2030. Russian regulators have also blocked the sale of a Chinese truck model over alleged safety violations and warned that more compliance checks may follow.
The move comes amid an expected decline in new car sales in Russia, with projections of a 30% drop in 2025 if high interest rates persist, according to Avtovaz CEO Maxim Sokolov. The state-owned Avtovaz is Russia's largest carmaker, known for its flagship Lada vehicle series.
The Russian Central Bank raised its key interest rate to 21% in October 2024 to curb inflation from wartime spending.
Despite its growing economic ties with Russia, Beijing insists it remains neutral in Moscow's war against Ukraine and has even sought to position itself as a mediator.
Tim Zadorozhnyy is a news editor at The Kyiv Independent. Based in Warsaw, he is pursuing studies in International Relations, focusing on European Studies. Tim began his career at a local television channel in Odesa. After moving to Warsaw, he joined the Belarusian opposition media outlet NEXTA, starting as a news anchor and later advancing to the position of managing editor.
Tim Zadorozhnyy
