Speaking at a press conference in Kyiv on May 10, President Volodymyr Zelensky rebuked the idea of a demilitarized zone in the war and emphasized the importance of first securing a ceasefire.
"We agreed that a full and unconditional ceasefire must begin on Monday, May 12, for at least 30 days. We jointly demand this from Russia, and we know we are supported in this by the United States," Zelensky said.
Ukrainian media outlet ZN.UA reported on May 10 that their law enforcement sources confirmed an ongoing probe by the National Anti-Corruption Bureau into suspected embezzlement, money laundering and bribery.
Iran is preparing to send Russia Fath-360 short-range ballistic missile launchers, Reuters reported on May 9, citing Western security and regional officials familiar with the matter.
"Ukraine and all allies are ready for a complete unconditional ceasefire on land, in the air, and at sea for at least 30 days, starting as early as Monday," Ukraine's Foreign Minister Andrii Sybiha wrote.
U.S. President Donald Trump has acknowledged in private that Russia is difficult to negotiate with because they "want the whole thing," referring to Ukraine, the WSJ reported, citing sources familiar with the comments.
A notice about the airspace closure was published on the U.S. Defense Department's NOTAM (Notice to Airmen) website on May 10, as cited by Ukrainian defense news outlet Militarnyi.
Kremlin spokesperson Dmitry Peskov rejected the idea of a 30-day ceasefire between Russia and Ukraine, claiming in an interview with ABC News on May 10 that it would be "an advantage" for Ukraine.
"Our involvement in the war was justifiable, and this belongs to our sovereign rights," North Korean dictator Kim Jong Un said. "I regard this as part of the sacred mission we must execute for our brothers and comrades-in-arms."
Republican presidential nominee Donald Trump arrives for a campaign rally at the Salem Civic Center in Salem, VA, U.S. on Nov. 2, 2024. (Chip Somodevilla/Getty Images)
Ukraine’s sovereign bonds rose in price after Donald Trump’s win in the U.S. presidential elections as investors expect a quicker end to the war, the Financial Times reported on Nov. 14.
Over the past month, the country's dollar-dominated bonds have risen 12%, FT reported, as investors anticipate Trump will push for a ceasefire that could jumpstart Ukraine's recovery and ability to repay its creditors.
The outlet pointed out that the jump in Ukrainian bonds began in mid-October when markets began to believe in a Trump victory.
Trump has pledged to end the war within "24 hours," sparking fears he might push Ukraine toward painful territorial concessions to achieve a quick peace deal.
The rise in price follows an agreement reached in September between Ukraine and its creditors to restructure more than $20 billion in international debt. The deal shrank Ukraine's state debt by $9 billion, allowing it to avert default and helped its economy stay afloat amid Russia's full-scale war.
The country's bond maturing in 2036 rose from 44 to 49 cents on the dollar in the past month, FT reported. GDP-warrants, a growth-related fixed-income instrument, also jumped to a record high following Trump’s election since Russia’s full-scale invasion began in February 2022.
The FT also reported that a bond owned by Ukraine's state-owned grid operator Ukrenergo rallied more than 160% to 67 cents on the dollar. Bloomberg reported last week that Ukrenergo announced it would suspend bond payments on its dollar-denominated notes that mature in 2028 and would seek a restructuring agreement with creditors.
Not all investors are so bullish about Ukraine's recovery prospects. Portfolio Manager at Federated Hermes Mohammed Elmi told the FT that "There is still a significant amount of unanswered questions” about the country's future after any potential negotiated settlement.
Boldizsar is a former Reuters correspondent for Hungary, currently based in Kharkiv, reporting for the Kyiv Independent and various other outlets. He holds degrees in political science, philosophy, and development policy.
Martin Fornusek
