Good evening. Day 5 after the latest Russian attack on Kyiv. Day 277 of the war. I am president of the Kyiv School of Economics, a former minister of economy of Ukraine, and a professor of economics at the University of Pittsburgh. I left the US for Kyiv 4 days before the war 1/
and stayed there, with some short trips outside of Ukraine for fundraising. Officially, I am on sabbatical leave from Pittsburgh this year. I guess not many people have field sabbaticals, here the field is a war. I left the US because I must lead the Kyiv School of 2/
Economics through the war. I hold a green card and can leave Ukraine at any moment. But I do not want to and will not do it. Now, back to my day. It was busy and I am tired. Shopping, looking and assembling things. In short, preparing for another likely Russian attack tomorrow 3/
We got our super warm winter hiking clothing out. Many people suggested that we can sleep in a tent in our bedroom. So we dug out sleeping bags and went to buy a tent. 4/
The shops were open and it was Black Friday. Everything on sale. But when we were about to pay, the electricity went off. The shop had a battery and continued to run. They used Xmas lights to save electricity instead of their regular ones. It was very cozy. Here is a pic. 5/
Many people suggested that when the electricity and heating go out, we use candles or gas / kerosine heaters to warm the apartment. We decided against it. First, it is not too safe for novices. Second, none are on the market or we could find. So, we drove to 6/
another store to get at least some wood and coal. The plan is to use an simple and small firewood oven that we can set up on our balcony if all else fails. How do you drive when there is no lights in the city, that is, no traffic lights? Traffic police come out! My respect! 7/
We wanted to try the firewood idea, just to practice, when we get home. But we got exhausted bringing all this stuff to the 8th floor. So, we will try it another time. Will post the picture. Yet, my wife wanted some tea anyway. And also she wanted to get hot water 8/
for the morning. She asked me to start the generator so she can use electric tea pot. I did and discovered another problem. The snow on the balcony has melted. And the generator was sliding towards the windows because of vibration. I need a way to fix it in place, but that’s 9/
for tomorrow. Anyway, the water is boiled and stored in thermoses. We have two, one liter each. Perhaps, we should get more. We can probably order them delivered. Here is a pic of a delivery man on a bike 90 mins before the curfew. 10/
That’s a private service. Public services work too. Here is a tractor shoveling snow on a sidewalk. All pictures taken when we were driving back from a mall. 11/ twitter.com/i/web/status/1…
The mall looked normal too except for occasionally blinking light, shortage of products in electrical and heating departments, and occasional assignments by managers to their staff to remember to start generators for the night. There was even a sushi restaurant. A good one. 12/
In the morning, we checked out a center of “nezlamnost”. These are shelters when people can get warm, get some tea, access internet, and power their devices. Here is a Starlinks set up for you :). Very cute! 13/
The center is run by a charity organization “solomenski cats”. Solomenski is the place. Here is their logo. We proposed to them to equip 10 more centers like that and KSE Foundation will match / provide 50% of funding. The rest they should raise themselves 14/
The centers are set up officially at the request / initiative of the president and mayors. There is some funding. For basics. They are set up in hospitals and schools. The problem is that often money is not enough. You should have organizational and procurement capability 15/
This is where we will try to help. Finally, I posted separately about our students spending the last night at the university building (we have one, no dorm). Here are some pics. 16/ twitter.com/i/web/status/1…
We are ready for another attack. Russians often hit on Monday. That’s tomorrow. Every time damages get worse. No water and heat for days. But people are adapting. You can donate to KSE here. Thank you so much for your support!!!
Former Ukraine PM Yatsenyuk: If we get a ceasefire, Ukrainians will cast ballots and elect the president. But that’s not on the radar right now.
Russians are playing this game, believing they can embroil Ukraine in domestic infight. The Ukrainian president is legitimate. 1/
Yatsenyuk: I do not see any intention on the side of Putin to cut any kind of peace deal with Ukraine. These so-called talks are a sham, with the idea to drag its feet and to outlast us. 2/
Yatsenyuk: There is no other scenario rather than to fight and to prevail. Putin's goal is to take over an entire Ukraine and annihilate Ukraine as a sovereign and independent nation. Putin is never straight. Putin is a professional KGB liar. 3X
Sullivan: The Chinese leadership says the East is rising, the West is declining. They believe the US is in decline and that democracy can’t succeed in XXI century.
Xi thinks China holds the high cards and America has vulnerabilities. There is real confidence from Beijing. 1/
Sullivan on Iran: If you got a deal, you put the nuclear program in a box, you get verification, and you’re not constantly lining up to take out enriched material or centrifuges or missiles.
I hope Trump would look seriously at the diplomatic option, but it’s likely there’ll be strikes. 2/
Sullivan on Venezuela: This is not a long-term sustainable strategy, but it has worked for a few weeks.
We asked for one big thing, let American oil companies exploit Venezuela’s oil resources. The question is whether there will be a democratic transition or just the status quo. 3X
2025 is the first year of the war in which Russian army losses exceeded recruitment. 418,000 killed or wounded vs 406,000 mobilized.
Ukraine continues to resist Russia’s main offensives — Ukraine’s commander-in-chief Oleksandr Syrskyi for Le Monde. 1/
Syrskyi says Russia planned a large-scale 2025 offensive to seize all of Donbas, parts of Zaporizhzhia, Dnipropetrovsk and Kherson, and create a buffer zone in Kharkiv and Sumy regions — but “it failed.” 2/
He credits two cross-border Ukrainian offensives in Belgorod (March–April) and Kursk (May–June) for forcing Russia to redeploy forces, preventing the planned spring offensive. 3/
Four Russian FPV drones hunted down a married couple as they tried to flee occupation near Sumy.
The man pulled his wounded wife on a sledge across no man’s land. A second strike tore her apart. A fourth killed him as he knelt beside her – The Times. 1/
The couple, Valentyna and Valerii Klochkov, had hidden in their cellar for six weeks after Russian troops captured their village before Christmas.
Hunger and cold forced them out. Their bodies still lie in the snow — no one can retrieve them under drone fire. 2/
In Kyiv, Oksana says anxiety pushes her to take tranquillisers, yet she keeps the dose low.
“I want to feel this. I don’t want to go through it as a vegetable,” she says, while her sister’s body lies unrecovered in the snow in Sumy region. 3/
An IT mistake exposed a $90bn Russian oil network funding the war in Ukraine.
FT traced 48 traders using one private email server to mask Rosneft crude after US sanctions in Oct. 2025. It is the largest sanctions-evasion scheme uncovered so far and may trigger new sanctions. 1/
FT identified 442 web domains whose public registrations show they all use the same private email server, .
It matched those domains with Russian and Indian customs filings linking the network to more than $90bn in oil exports. 2/mx.phoenixtrading.ltd
In November 2024, more than 80% of Rosneft’s ship-borne oil exports moved through the apparent network. Customs records show many of the companies are active for around six months before being replaced. 3/
“I left my Manhattan apartment for Ukraine’s front lines. Now I’m fighting drones.”
Viktoriia Honcharuk quit her dream job at Morgan Stanley in 2022 to become a combat medic. She evacuated up to 100 wounded soldiers a week from one of the war’s deadliest fronts, The Times. 1/
Viktoriia left Ukraine at 15 on a U.S. scholarship.
She studied at Minerva University in California, sent out 80 job applications, interned at Citibank and landed a role at Morgan Stanley in New York.
On Feb 24, 2022, she woke up to Russia’s invasion. 2/
Her parents joined Ukraine’s Territorial Army. At first she sent money and gear.
“I thought I was helping. But I couldn’t look myself in the mirror”, she says. In September 2022 she returned home and decided to stay on the ground. 3/