News Feed

8:41 AM

NATO official: Ukraine's allies running out of ammunition, production must increase.

"The bottom of the barrel is now visible," Chairman of the NATO Military Committee Admiral Rob Bauer said. "We need the industry to ramp up production in a much higher tempo."

8:11 AM

General Staff: Russia has lost 279,890 troops in Ukraine.

The General Staff of Ukraine's Armed Forces reported on Oct. 4 that Russia had lost 279,890 troops in Ukraine since the beginning of its full-scale invasion on Feb. 24, 2022. This number includes 450 casualties Russian forces suffered just over the past day.

7:53 AM

Russia claims 31 drones downed overnight.

Russia's Defense Ministry said via its Telegram channel that its forces shot down 31 Ukrainian drones overnight on Oct. 4 over the Belgorod, Bryansk, and Kursk regions.

7:13 AM

Investigation: Baltic-registered crypto firms service payments for Russian private army, allow sanctions evasion.

5:49 AM

ISW: Russia's Defense Ministry signals support for Chechen units in Ukraine amid interethnic tensions.

Russian Defense Minister Sergei Shoigu expressed gratitude to Chechen Head Ramzan Kadyrov for overseeing the creation of military units in Chechnya during an Oct. 3 conference with Russian military leadership, according to the Institute for the Study of War.

3:55 AM

Russia shells 8 communities in Sumy Oblast.

Explosions occurred in the communities of Khotin, Mykolaivka, Krasnopillia, Velyka Pysarivka, Bilopillia, Yunakivka, Shalyhyne, and Esman.

3:20 AM

Bloomberg: Hungary wants to cut EU funding to Ukraine in half.

The proposal adds weight to fears that international support for Ukraine could be waning following U.S. lawmakers' decision to remove aid for Ukraine from a government spending bill passed on Sept. 30.

1:46 AM

Charles Michel: Ukraine could join EU by 2030.

“Ukraine may indeed become a member of the EU in 2030 if both sides do their homework," European Council President Charles Michel said.

1:14 AM

US Congress ousts McCarthy as speaker.

The move follows a tense battle over funding legislation that nearly resulted in a government shutdown. Funding for Ukrainian military aid became a focal point of the legislative fight.

12:38 AM

Biden, world leaders coordinate military support for Ukraine.

The participants discussed strategies for supplying the Ukrainian military with ammunition and weapons, bolstering Ukraine's air defenses, and fortifying energy infrastracture ahead of the winter months.

12:18 AM

War update

Ukraine war latest: Zelensky meets soldiers fighting on Kupiansk-Lyman axis

11:59 PM

Russia claims Ukrainian Neptune missile destroyed over occupied Crimea.

The Russian Defense Ministry claimed its forces shot down a Ukrainian Neptune anti-ship missile near the Crimean coast late on Oct. 3. Kyiv hasn’t commented on the allegation.

11:07 PM

Prosecutors: Russian attacks in Donetsk Oblast injure 4.

Russian attacks against Avdiivka and Illinivka in Donetsk Oblast wounded four civilians on Oct. 3, the regional prosecutor's office reported.

10:43 PM

Media: Azerbaijan detains 4 ex-leaders of Nagorno-Karabakh.

Azerbaijan's security services arrested three former presidents of the self-declared Nagorno-Karabakh Republic — Arkadi Ghukasyan, Bako Sahakyan, and Arayik Harutyunyan — Azerbaijani media reported on Oct. 3.

10:39 PM

Ukrainian farmers sow 3 million hectares of winter crops but exports drop.

By the start of October, farmers had sown 2.992 million hectares, including 1.7 million hectares of winter wheat, the Agriculture Ministry said in a statement on its website.

9:47 PM

Opinion

Opinion: Weakness is lethal. Why Putin invaded Ukraine and how the war must end

9:09 PM

Bloomberg: All Odesa ports receive cargo ships through temporary corridor.

In the past few weeks, 10 ships have used the temporary corridor set up by Ukraine's Navy following Russia's withdrawal from the Black Sea Grain Initiative, the media outlet wrote, citing unnamed individuals familiar with the matter and ship-tracking data.

7:42 PM

The Telegraph: UK military aid stocks ‘running out'.

The U.K. is running out of military equipment to send to Ukraine, the Telegraph reported on Oct. 2, citing information from a senior military chief.

7:28 PM

Ukraine to procure 100 high-voltage transformers to prepare for Russian attacks on energy infrastructure.

Ukraine will either manufacture or purchase 100 new high-voltage transformers as the country prepares for a repeat of last winter's Russian attacks on energy infrastructure, according to a report by The Economist on Oct. 2.

7:07 PM

Russian finance minister: Ukraine war is Moscow’s main budget priority.

The main priority for Russia’s budget for the next three years is strengthening the country’s military and “supporting participants” of its war against Ukraine, Russian Finance Minister Anton Siluanov said on Oct. 3, as cited by Forbes Russia.

6:50 PM

Ukraine adds Chinese oil, gas companies to 'international sponsors of war' list.

Ukraine's National Agency on Corruption Prevention (NACP) has added the three largest Chinese oil and gas companies to its "international sponsors of war" list, the agency's press service announced on Oct. 3.

5:41 PM

Kyiv Independent journalist wins Kurt Schork Award in International Journalism.

Kyiv Independent journalist Asami Terajima was announced as one of the winners of the 2023 Kurt Schork Awards in International Journalism, the Thomson Reuters Foundation announced on Oct. 3.

5:31 PM

Governor: Russian air strike on Kherson Oblast village kills 1, injures 7.

Russian forces launched an air strike on Antonivka, a northeastern suburb of Kherson, killing one person and wounding another seven, Kherson Oblast Governor Oleksandr Prokudin reported on Oct. 3.

4:53 PM

Zelensky meets soldiers fighting on Kupiansk-Lyman axis.

President Volodymyr Zelensky visited combat brigades on the front line in Kharkiv Oblast fighting on the Kupiansk-Lyman axis, the President's Office said on Oct. 3.

4:00 PM

Bloomberg: US military 'ready to deliver' cluster-armed ATACMS.

The U.S. military is ready to send Ukraine some of its long-range Army Tactical Missile Systems (ATACMS) armed with cluster munitions once U.S. President Joe Biden approves the transfer, Bloomberg reported on Oct. 3, citing the U.S. military's chief weapons buyer.

MORE NEWS

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CNN: Military source says Ukraine 'likely' behind strike on Wagner forces in Sudan

UK Defense Ministry: Thousands of Russian airborne troops redeployed to Robotyne as infantry

General: Ukraine had only 1,500 soldiers in south when Russia launched full-scale invasion

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SBU charges managers of wanted oligarch's company with embezzlement

by Martin Fornusek June 29, 2023 5:41 PM 2 min read

This audio is created with AI assistance

The Security Service of Ukraine (SBU) reported on June 29 that it charged six people over embezzling Hr 400 million ($10.9 million) at the Poltava Mining and Processing Plant (HZK).

The plant is part of the Ferrexpo group, which belongs to the Ukrainian businessman, billionaire, and former parliament deputy Kostiantyn Zhevago. The oligarch has been involved in numerous domestic and international fraud and corruption cases.

According to the SBU, the suspects were selling extracted raw materials without the proper permit to an affiliate commercial entity at an artificially low cost. Then they re-sold the material already at a market-level price, the investigators wrote.

The scheme supposedly took place between 2019-2022. The suspects were reporting incorrect financial data to hide their activities, the SBU explained.

As the perpetrators, the SBU listed the director of the HZK, his representative, the chief accountant, the head of sales, as well as a former director and chief accountant of the associated firm.

On Feb. 2, the SBU charged the chief accountant of the HZK with tax evasion and forgery.

The HZK's owner Zhevago was charged with embezzling and laundering $113 million at Finance & Credit Bank in 2019. In 2021, he was put on the Interpol wanted list. He continues to reside in France as a French court has ruled against his extradition.

The wanted oligarch is also linked to the scandal surrounding Vsevolod Kniaziev, the former head of Ukraine's Supreme Court, who was charged with corruption on May 16 and faces up to 12 years in prison.

Martin Fornusek

News Editor

Martin Fornusek is a news editor at the Kyiv Independent. He has previously worked as a news content editor at the media company Newsmatics and is a contributor to Euromaidan Press. He also volunteers as an editor and translator at the Czech-language version of Ukraïner. Martin studied at Masaryk University in Brno, Czechia, holding a bachelor's degree in security studies and history and a master's degree in conflict and democracy studies.

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