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The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by 43.6%.
The company's chief executive Alexei Miller said the change was because Kiev has failed to pay its bills.
He said its current debt to Russia stood at just over USD1.7 B.
Miller said the price of Russian gas for Ukraine has gone up to USD 385.5 per 1,000 cubic metres in the second quarter of 2014 from the previous rate of USD 268.5.
Ukraine's energy price watchdog hiked the gas prices for industry by 30% and for the state budget organisations by 64%.
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The US Senate has overwhelmingly approved a substantial aid package totaling 95 billion USD, aimed at supporting key American allies, including Ukraine, Israel, and Taiwan.
Reports emerged last night of renewed Russian missile fire targeting the eastern Ukrainian city of Kharkiv, intensifying fears of escalating conflict in the region
Defense Minister Sergei Shoigu announced today that Russia will escalate strikes on Ukrainian storage bases housing weapons supplied by Western nations
In a move aimed at bolstering its military forces amid the ongoing war with Russia, Ukraine has announced the suspension of consular services for its male citizens eligible for military service and residing abroad
The Ukrainian city of Odesa has once again come under attack by Russian drones, leaving a devastating toll on civilians
The International Finance Corporation (IFC), a financial division of the World Bank, intends to invest 1.9 billion USD in projects in Ukraine over the next 18 months
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
