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Ukraine Business Roundup — On corruption in Ukraine
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Ukraine Business Roundup — On corruption in Ukraine

by Liliane Bivings

Editor's note: The following is the May 6, 2026 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. You wouldn't know it from Western media outlets — but the corruption scandal that prompted Ukraine's first wartime protests last summer continues to unfold. Last week, Ukraine’s leading outlet Ukrainska Pravda (meaning "Ukrainian Truth") published two videos presenting leaked transcripts of w

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Russia's war comes home

Toxic rain is falling on Tuapse — just 75 miles from Vladimir Putin's summer residence in Sochi — coating cars and streets in oily grime. A once-picturesque Black Sea resort town is now choking on the fallout of a war that has come home to Russia. Four times in a span of two weeks, Ukrainian drones lit up the local oil refinery and export terminal, laying bare the weakness of Russian air defenses. Clouds of smoke so vast that they were visible from space. As long-range hits were gathering pace

Why Putin's Victory Day cult is failing Russia's war veterans

Russia will celebrate Victory Day on May 9 — the most sacred date in its political calendar and the centerpiece of a state-built cult of war. Over more than two decades of Russian President Vladimir Putin’s rule, the Soviet memory of World War II has moved far beyond commemoration, with its complexities and crimes erased in favor of a simplified, heroic narrative that has also been weaponized — the Kremlin has used the language of World War II to frame its enemies, above all Ukraine, as "Nazis,

A veteran of the Russian invasion of Ukraine attends in the Moscow region, Russia, on Oct. 12, 2025.

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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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