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Ukraine Business Roundup — Shadow economy crackdown
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Ukraine Business Roundup — Shadow economy crackdown

by Liliane Bivings

Editor's note: The following is the May 13, 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. This newsletter wasn’t meant to be about illegal e-cigarettes in Ukraine. But I stumbled across a law enforcement operation yesterday — and immediately knew it would be the focus of this week's edition. While running an errand on Tuesday afternoon at Kyiv’s central Gulliver mall, I noticed t

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Could Trump's Iran war save Russia's economy? Report says math doesn't add up

High oil prices driven by the U.S. operation against Iran are not sufficient to save the Russian economy, according to estimates from the Free Russia Foundation shared with the Kyiv Independent. The U.S. operation disrupted traditional supply routes and triggered a sharp rise in global oil prices, prompting Washington to issue sanctions waivers on Russian oil in an effort to stabilize the market. U.S. Secretary of State Marco Rubio acknowledged on May 13 that higher oil prices had effectively

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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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