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!!!
NYT: Zelenskyy’s government made Energoatom’s supervisory board unable to function and then blamed the board for not stopping a $100M kickback scheme.
The board was structurally blocked from acting and the government used it as a scapegoat. 1/
The government approved a charter that required 3 votes out of 4 to appoint or dismiss top managers. Then it launched the board with only 4 members and one seat intentionally left vacant.
A 2-2 split format could not change top managers or challenge political deals. 2/
During the year-long delay and the board’s paralysis, investigators say officials siphoned and laundered $100M through Energoatom contracts, with contractors paying 10-15% kickbacks. 3/
UK prepares to transfer £8bn in frozen Russian funds to Ukraine — The Times
EU, Canada and others also are working to unlock a wider £100bn package for Kyiv.
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NATO foreign ministers meet in Brussels to discuss releasing frozen Russian assets. The UK forces the EU to unlock €90bn held mainly in Belgium’s Euroclear.
Belgium resists because the sum equals almost one-third of its GDP and could trigger legal claims.
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The European Commission proposes using emergency EU powers to seize Russian funds and bypass a Belgian veto.
Brussels calls for a fast decision because Ukraine faces a large funding gap in 2026–2027 and needs money to keep its government running and its army fighting.
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Richard Blumenthal: Kidnapping children is more than a war crime. It is literally genocide. The goal is the destruction of Ukrainian identity.
We need to pass the bill on sanctions, recognizing Russia as a state sponsor of terrorism, and also try to use frozen Russian assets. 1/
Lindsey Graham: You can’t fairly end this war without accounting for every child taken by Russia.
Congress must judge if the deal is good or bad and assess security guarantees that “must outlast the Trump administration. 2/
Katie Britt: Imagine your children ripped from your arms, and you don’t know where they are. Imagine them, terrified, being forced to renounce everything they knew and loved.
Our moral duty is to keep working until every child is back in their parents’ arms. 3/
Kelin, Russia Ambassador to UK, on peace: We stand for diplomatic solution, but we don’t want on our border a puppet state created by Western governments, adversarial to us, where the Russian language is discriminated and the Russian Orthodox Church has been ousted. 1/
Q: Most of the world would say you guys started this fight.
Kelin: That is not true. It is said by those who do not want to learn history. Things started in 2014 after the illegal turnover of the legal government in Kyiv by people based on Nazi ideology. 2/
Kelin: European countries do not work for peace. UK, France, Germany stand for continuation of fighting. The defense industry continues to work. It is beneficial for their economies, so they don't need to explain that their political mistake put their economy in a poor state. 3/
Brussels is attempting the biggest financial strike on Russia since 2022: a plan to leverage €210bn in frozen Russian state assets and turn them into a long-term Ukraine war loan - using emergency powers that bypass Hungary’s veto, the FT reports. 1/
The European Commission wants a “reparations loan” backed by up to €210bn of immobilised Russian central bank assets.
The first tranche(€90bn) would fund Ukraine’s budget for 2026–27. Kyiv would repay only after Russia pays reparations. 2/
To make this possible, Brussels invokes Article 122, an emergency clause allowing action without unanimity.
The goal is to prevent Russia-friendly states like Hungary or Slovakia from killing sanctions that currently must be renewed every 6 months. 3/