Kolomoisky remanded in custody until July 7 in murder case
On May 9, the Prosecutor General's Office announced he was suspected of ordering the murder of the head of a law firm more than 20 years ago in Crimea.
On May 9, the Prosecutor General's Office announced he was suspected of ordering the murder of the head of a law firm more than 20 years ago in Crimea.
Ukraine's State Security Service (SBU) hit two oil depots in Russia's Krasnodar Krai overnight on May 9, a source privy to the information told the Kyiv Independent.
Russian attacks have damaged or destroyed over 800 heating facilities across Ukraine since the start of Russia's full-scale invasion in February 2022, Prime Minister Denys Shmyhal said on May 8.
About 22,000 Gilat SkyEdge internet communications systems, valued at $5 million, were imported to Russia in 2023. The systems were manufactured at a facility in Uzhhorod, Ukraine.
CEO Club Ukraine said on May 6 that last month, the bureau's officials searched the association's premises.
The High Anti-Corruption Court on May 8 arrested in absentia Dmytro Sennychenko, the former head of the State Property Fund, Ukraine's Specialized Anti-Corruption Prosecutor's Office (SAPO) reported.
Jailed Ukrainian oligarch Ihor Kolomoisky is suspected of ordering the murder of the head of a law firm more than 20 years ago in Crimea, the Prosecutor General's Office reported on May 8.
As Russia’s war drags on, it’s still early days for Ukraine’s reconstruction but issues are already lurking around one crucial component: cement. Rebuilding Ukraine after the war, which is unlikely to end any time soon and will continue to cause widespread destruction, is expected to cost $487
Editor’s note: This is issue 54 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 29- May 5, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Editor’s Note: This is issue 130 of Ukrainian State-Owned Enterprises Weekly, covering events from April 27 – May 3, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank appoints a new CEO. On May 3, Ukreximbank reported that its supervisory board had elected Viktor Ponomarenko
Rosneft's Tuapse oil refinery has resumed processing after sustaining damage from a drone strike in January. Repairs were reportedly completed at the facility's primary oil refining unit at the end of April.
CEO Club Ukraine, a club of Ukrainian business leaders, said on May 6 that its premises were searched by the Bureau of Economic Security (BEB) in April and linked it to a supposed smear campaign against the club.
The German arms manufacturer Rheinmetall will supply Ukraine with "hundreds of thousands" of shells in 2024, including prototypes of artillery shells with a range of 100 kilometers, CEO Armin Papperger said.
The most damage was caused by the attacks on thermal, and hydro electricity generation facilities.
Foreign aid is crucial for Ukraine as the economic pressure caused by the full-scale Russian invasion mounts. The besieged country received $42.5 billion in external financing last year, allowing it to function amid the ongoing war.
"This move, together with other measures by the NBU, should allow Ukrainian businesses to 'breathe to their full potential' and help attract private capital to recover the economy," said NBU Governor Andriy Pyshnyy.
After an audit, there was a discrepancy of Hr 14 million (around $353,000) related to plastic-metal windows, which were earmarked for installation but never actually put in. The State Audit Service said local governments should "ensure more thorough control" over reconstruction funding and added that the case had been referred to the Prosecutor General's Office to determine whether criminal wrongdoing had occurred.
The Vienna-based bank group, the largest remaining Western bank in Russia, has been under increasing pressure since the start of Russia's all-out war to scale down its activities in the country.
During his visit to Lviv, David Cameron met the regional governor, Maksym Kozytskyi, to discuss business cooperation between the U.K. and Lviv Oblast.
A Russian court canceled the seizure of some of JPMorgan funds in Russia as part of a lawsuit with the Russian state-owned bank VTB, Reuters reported on May 2.
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market.
More than 8 million passengers traveled on Ukrainian Railways' trains between January and April 2024, indicating a 25% person increase compared to 2023, the company reported on May 2.
Hackers targeted Ukraine's largest mobile-only bank, Monobank, with a powerful denial of service (DDoS) attack on May 2, the company's co-founder and CEO Oleh Horokhovskyi reported.
Around 1 million Russians left the country after the start of the all-out war due to their opposition to the invasion or out of fear of mobilization.
The following is the April 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Polish farmers finally ended their protests at the Hrebenne-Rava-Ruska border crossing on April 29, effectively lifting a blockade
Ukraine exported more than 13 million tons of products totaling $3.3 billion in April, which is higher than volumes for February 2022 before the start of the full-scale invasion, Economy Minister Yulia Svyrydenko said on May 1.
Raiffeisen has been interested in buying a 1.5 billion euro ($1.6 billion) stake in the construction company Strabag, which is linked to Russian oligarch Oleg Deripaska.
"We note the ongoing efforts by countries which operate Russian-designed reactors to make progress in securing alternative nuclear fuel contracts and to reduce dependencies related to spare parts, components, and services," read the statement issued after a two-day ministerial summit in Torino, Italy.
The cost of diesel went up almost 10% in the past week, while gasoline's prices hit a six-month high, going up more than 20% when compared to the start of the last year, Politico wrote, citing government data.
The U.S. Senate on April 30 voted unanimously to approve legislation banning imports of enriched uranium from Russia. The legislation will now advance to the White House, where U.S. President Joe Biden must sign the bill in order for it to become law.
"This is only the calculated amount, because there are still many unaccounted for, because it is impossible to get to the territories there, to inspect them," said Olena Rybakova, deputy agriculture director for the Donetsk Oblast State Administration.
Editor’s note: This is issue 53 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 22-28, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks