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Dominic Culverwell

Business Reporter

Dominic is the business reporter for the Kyiv Independent, reporting on Ukrainian companies, investment, energy, corruption, and reforms. Based in Kyiv, Dominic joined the Kyiv Independent team in 2023, having previously worked as a freelancer. He has written articles for a number of publications, including the Financial Times, bne IntelliNews, Radio Free Europe/Liberty, Euronews and New Eastern Europe. Previously, Dominic worked with StopFake as a disinformation expert, debunking Russian fake news in Europe.

d.culverwell@kyivindependent.com
For media & speaking inquiries:
press@kyivindependent.com

Articles

Business

Ukraine is already running out of time to prepare Kyiv for winter, officials warn

by Dominic Culverwell
As the springtime sun coaxes Kyiv’s residents outdoors, memories of a winter without reliable heat or electricity caused by Russian strikes are beginning to fade — creating a dangerous distraction from the government's failure to prepare for the upcoming season. Kyiv expects Moscow to launch another brutal campaign against its energy infrastructure this winter. But efforts to diversify Kyiv’s power generation and heating sources either started too late or not at all, several people in the energ
Business

Japanese drone maker doubles down on Ukraine as Tokyo eases arms rules

by Dominic Culverwell
Japanese drone firm Terra Drone has announced a second major investment in a Ukrainian defense tech company, as Japan increases support for its defense sector. During a presentation in Japan on April 28, CEO Toru Tokushige announced a partnership with Ukrainian firm WinnyLab to scale the Terra A2, a long-range fixed-wing interceptor drone. The investment comes a week after Japan lifted a ban on weapons exports put in place following the Second World War. Following the historic move, Japanese p
Business

Kyiv probe into oligarch Zhevago adds pressure as Ferrexpo nears London listing suspension

by Dominic Culverwell
A Kyiv court has authorized a pretrial investigation into wanted oligarch Kostyantyn Zhevago, just days before his mining company is set to be suspended from trading on the London Stock Exchange. Zhevago, who owns the London-listed iron ore producer Ferrexpo, is suspected of running an embezzlement scheme involving $113 million through his now-defunct bank, Finance & Credit Bank, between 2007 and 2015. The Pechersk Court greenlit the investigation request from Ukraine's Prosecutor General’s Of
Business

EU carbon rules could deal heavy blow to Ukraine’s struggling steel sector, report warns

by Dominic Culverwell
Ukraine could lose $1.4 billion by 2027 under the EU’s carbon border policy, which could slash its iron and steel exports to the bloc by half, according to a new report by the German Economic Team (GET), a Berlin-based consultancy, and the Institute for Economic Research (IER), a Ukrainian think tank. The EU's Carbon Border Adjustment Mechanism, known as CBAM, has been highly divisive in Ukraine. While Brussels said last year it would have only a minimal effect on the economy, reducing gross do
War

Loss of specialists at occupied Zaporizhzhia nuclear plant 'not a major issue,' IAEA chief says

by Dominic Culverwell
United Nations nuclear chief Rafael Grossi said that the Russian-occupied Zaporizhzhia nuclear power plant is adequately staffed for nuclear safety measures, despite a lack of licensed nuclear specialists at the site. Grossi arrived in Ukraine earlier this week for his 14th visit to the country during the full-scale war where he signed an agreement with Kyiv to help restore and develop Ukraine’s nuclear energy sector, which makes up over 60% of Ukraine’s energy generation. Since 2022, the UN’s

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