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burning auto parts warehouse following an air attack in Kyiv, Ukraine, on Sept. 2, 2026.
Business

As Russia targets Ukraine’s economy, keeping businesses alive takes priority

by Dominic Culverwell

As Russian attacks on Ukraine's businesses escalate, the government's push to attract investment to Ukraine's wartime economy is coming up against a more immediate challenge: keeping businesses alive at all. "When the attacks started, we realized that the challenge was about more than raising investment. It's also about keeping supply chains and businesses going, like pharmacies, food and retail goods that are needed to survive," Deputy Economy Minister Yegor Perelygin told the Kyiv Independent

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Trump signs sweeping Russia sanctions bill into law

Among its provisions, the law requires the president to impose tariffs of up to 100% on goods from countries that continue buying Russian crude oil or natural gas and were among the five largest importers of Russian energy by volume over the previous 12 months.

Exclusive: Ukraine, Russia are done with Steve Witkoff. Trump sees no problem

Kyiv and Moscow are growing increasingly frustrated with the U.S.-mediated peace process — and with Washington's Envoy Steve Witkoff, people familiar with the matter told the Kyiv Independent. Witkoff and Trump's son-in-law, Jared Kushner, who has emerged as a key peace negotiator, traveled to Russia and Ukraine in early September in an attempt to restart stalled negotiations. They left both countries with little to show for the effort. Behind the scenes, however, several separate efforts are

U.S. Special Envoy for Peace Missions Steve Witkoff in Kyiv, Ukraine, on Sept. 6, 2026.

About Business

The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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