Public debt restructuring: Ukraine exchanges GDP-linked bonds
Ukraine has carried out an exchange of GDP warrants issued in 2015, with a total value of USD 2.6 billion, for conventional debt securities due 2030, 2032, and 2034.
18 December 2025
Ukraine has carried out an exchange of GDP warrants issued in 2015, with a total value of USD 2.6 billion, for conventional debt securities due 2030, 2032, and 2034.
In the Odesa region, traffic to certain border crossing points on the Ukrainian-Moldovan border has been restricted following a Russian air attack.
The Russian army attacked a school in Zaporizhzhia with a Molniya drone.
Ukrainian President Volodymyr Zelensky has arrived in Poland, where he will meet with Polish President Karol Nawrocki.
In the Odesa district, a Russian drone struck a civilian car traveling across a bridge, killing a woman and injuring her three children.
On December 18 in Beijing, Ukrainian First Deputy Foreign Minister Sergiy Kyslytsya held Ukrainian-Chinese political consultations with Liu Bin, Assistant Minister of Foreign Affairs of the People's Republic of China (with the rank of deputy minister).
Ukrainian President Volodymyr Zelensky has said does not see the need to amend Ukraine's Constitution to remove the country's course toward NATO membership.
Poland continues to provide Ukraine with critically important military assistance while significantly strengthening its own defense capabilities within NATO, NATO Secretary General Mark Rutte has said.
Ukrainian Defense Minister Denys Shmyhal held talks with Czech Deputy Prime Minister and Minister of Defense Jaromir Zuna on the development of security cooperation.
The crew of a Ukrainian Mi-24 helicopter died on December 17 while performing a combat mission.
The absence of partner funding next year may affect Ukraine’s drone production and its long-range capabilities.
President Volodymyr Zelensky has stated that there is a shortage of missiles for specific air defense systems and urged partners to assist either by providing missiles, issuing licenses for their production, or allocating funds for their purchase.
President Volodymyr Zelensky has stated that the majority of European Union leaders support a reparations loan, although some advocate for alternative instruments.
Russian troops launched an air strike on Kostiantynivka in the Donetsk region, damaging civilian infrastructure.
On the night of December 18, Defense Forces units struck several air defense targets, a drone storage facility, and other Russian army objects in the temporarily occupied territories of Ukraine.
On Thursday, December 18, the UK government imposed new sanctions against the Russian Federation in the energy sector.
Two men were killed in the shelling of the Kherson region, particularly in Kherson and in the village of Novodmytrivka.
In Cherkasy, the consequences of the enemy's night strikes are being overcome, special commissions are calculating the material losses, and one victim remains in the hospital.
On December 18, the European Union imposed restrictive measures against 41 oil tankers belonging to Russia’s shadow fleet.
The Verkhovna Rada has adopted as a whole a law on the implementation of the right to leave for servicemen released from captivity.
On the night of December 18, long-range unmanned aerial vehicles of the Special Operations Center "A" of the Security Service of Ukraine successfully struck elements of Russia’s air defense systems at the Belbek Military Airfield in temporarily occupied Crimea.
In the Odesa region, following Russia’s massive attack on December 13, power engineers have found technical solutions to restore electricity to the homes of nearly all customers. At the same time, residents of Artsyz have been without electricity for the sixth consecutive day, as a substation in the city has been destroyed.
Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) will allocate an additional €70 million to support Ukraine’s energy sector.
President Volodymyr Zelensky has stated that the United States proposed a compromise under which the Zaporizhzhia Nuclear Power Plant would be divided among three parties — Ukraine, the United States, and Russia. He stressed that he considers such an option unfair.
Two men were wounded as a result of a Russian drone strike on a car in the Borova community of the Izium district in the Kharkiv region.
Over the past day in the south, the Defense Forces eliminated nearly two hundred and fifty occupiers, around fifty units of automotive equipment, and 134 shelters used by enemy personnel.
Ukrainian President Volodymyr Zelensky has said that his address, recorded from Kupiansk in the Kharkiv region, had a significant impact on international partners, including the United States.
Ukrainian President Volodymyr Zelensky has said that additional sanctions against Russia have not yet been imposed because Moscow has not completely ruled out diplomacy, although it is clear that the Russians are not interested.
Ukraine is not ready to withdraw from the Donetsk region, while the aggressor state Russia is seeking the complete seizure of Donbas. Against this backdrop, the United States is looking for a compromise solution.