When Chicagoan Chris Exline decided to expand his furniture rental company to Ukraine, he did not expect to relocate his life to a small town of 20,000 people in Ternopil Oblast. The businessman and CEO of Home Essentials initially planned to rent furniture to expats and organizations flooding in
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
This number includes 1,350 casualties Russian forces suffered just over the past day.
The memorandum of understanding will establish over 100 industrial parks across Ukraine, impacting the lives of 2.5 million citizens, and helping create “hyper-modern” cities.
The International Chamber of Commerce (ICC), will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment.
No deal is currently on the table between Europe and Azerbaijan to keep gas flowing through Ukraine once a transit deal with Russia expires at the end of the year, despite reports a contract was nearing, CEO of Ukrainian state-owned oil and gas giant Naftogaz said.
President Volodymyr Zelensky insists that Boryspil International Airport be opened first.
"We understand that the U.S.'s core value is the protection of democracy, the protection of democratic values. This remains unchanged, regardless of the elections," Prime Minister Denys Shmyhal commented.
The New York-based global entrepreneur network Endeavor has opened its first office in Ukraine, signaling confidence in the country’s business potential.
After days of discussions, the world’s leading anti-money laundering watchdog, the Financial Action Task Force (FATF), opted last week not to blacklist Russia despite efforts from Kyiv to sway members to do so over the Kremlin’s increasingly closer ties with blacklisted North Korea and Iran. The FATF, which
Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year. In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Saudi Arabia’s planned oil production hike may not break Russia’s petro-export-fueled economy, but escalations between Israel and Iran could be a gold rush for Moscow. Since late 2022, the OPEC oil cartel, of which Russia is a member, has withheld oil production and exports to prevent a surplus
Dusan Bajatovic, CEO of the Serbian state-owned company Srbijagas, came to an agreement with Alexey Miller, CEO of Russian state-owned energy giant Gazprom, and expects Russian gas supplies to reach 400 million cubic meters this winter.
Editor's Note: This story was updated on Oct. 13 after the monitoring group Hajun reported that the two MiG-31 jets had likely returned to Russia. Two Russian MiG-31K jets were transferred to Belarus this week, potentially signaling Russia’s efforts to protect its warplanes amid increasing Ukrainian strikes on Russian
Ukrainian troops in cooperation with the intelligence service (HUR) struck a depot containing oil and petroleum products used by the Russian military near the town of Rovenky, Luhansk Oblast.
Russia carried out mass attacks across Ukraine’s southern and eastern regions killing at least three civilians and wounding 14 in the last 24 hours, Ukrainian officials reported on Oct. 12.
Russia has lost 667,630 troops since the beginning of its full-scale invasion of Ukraine on Feb. 24, 2022, the General Staff of Ukraine's Armed Forces reported on Oct. 12.
Ukraine is set to face its toughest winter since the start of the full-scale invasion as Russia eyes cutting off its nuclear power after already bombing out capacity from half of its electricity generation sector in large-scale air strikes. For now, Russia is not directly striking the plants with missiles
Ukraine is in talks with the International Atomic Energy Agency (IAEA) to place foreign observers near its nuclear power plants amid reports Russia is planning to attack the infrastructure connecting the plants to the country's energy grid, an Energy Ministry official said.
Ukraine has launched uResidency, a program enabling foreigners to start a business in the country remotely, Digital Transformation Minister Mykhailo Fedorov announced on Sept. 27 at the Lviv IT Arena, according to a Kyiv Independent journalist reporting from the event. The program offers foreign entrepreneurs favorable conditions for conducting business,
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Tech companies' recent efforts to crack down on Russian propaganda on social media are unlikely to hamper Moscow’s campaign to undermine support for Ukraine, especially as major platforms, like X and Telegram, fail to take action. Tech giant Meta, the owner of Facebook, Instagram, and WhatsApp, banned Russian state-run
Ukraine’s drone attacks on Russian oil refineries are trying to achieve what Western sanctions couldn’t: grinding down what fuels Russia’s war machine and the backbone of its economy in an echo of the Allies' oil bombing campaign on German assets in World War II. Since the start
Ukraine placed sanctions on Russia’s Lukoil, blocking the company from transiting oil through Ukraine to Hungary and Slovakia. This move heightened tensions as Hungary accused Ukraine of endangering its energy independence.
Russian attacks on the afternoon of Sept. 7 killed and injured multiple people in Kharkiv, Dnipropetrovsk, and Kherson oblasts, Ukrainian authorities reported.
According to U.S. National Security Council spokesperson John Kirby, there is “no doubt” the Kremlin is using propaganda and disinformation to “sow discord” among the U.S. population.
Ukraine’s incursion into Russia’s Kursk Oblast has rattled Russia’s elite but Russian President Vladimir Putin still has a tight grip on the country, said CIA Director William Burns at the Financial Times’ Weekend festival in London on Sept. 7.
Speaking from his own viewpoint, Polish Foreign Minister Radoslaw Sikorski said Poland has the legal right to down stray Russian missiles and drones that enter Polish airspace. However, he acknowledges that Poland has not yet shot down anything and that Warsaw has not yet made a decision.
Ukrainian banks continue posting record profits, earning nearly Hr 120 billion ($2.9 billion) in the first seven months of 2024. The result is 22% higher than the same period last year, analytics website Opendatabot reported. As the Kyiv Independent previously reported, Ukrainian banks are enjoying an influx of cash,
The wiring of machines cranking out red-hot steel bars and ingots drowns out the shouts of workers donning sooty hard hats and protective jumpsuits. The noise is deafening inside global steel giant ArcelorMittal’s plant in Kryvyi Rih in Dnipropetrovsk Oblast — Ukraine’s largest steel plant — but quiet compared to
Chinese banks are shutting down transactions with Russia over worries about losing access to the U.S. dollar and being cut off from the international financial markets, experts told the Kyiv Independent. The U.S. issued an executive order in December 2023 warning that it would sanction any foreign financial
