Business

Ukrainian Business Resilience in 10 stories

Pedestrians near the Gulliver shopping mall in Kyiv, Ukraine, on Nov. 20, 2021.

Popular Kyiv mall on lockdown as management dispute continues

by Dominic CulverwellNovember 3, 2025

One of Kyiv’s most popular malls has been shut down for four days amid a long-standing fight over the building's management, forcing hundreds of local and international businesses to temporarily close their doors. The shutdown is the latest chapter in a dispute over the mall’s management. State-owned banks Oschadbank and Ukreximbank — the legal owners of the Gulliver complex in downtown Kyiv — temporarily closed the mall on Oct. 31, citing a sewage problem that they blamed on the complex's mana

Russia's seaborne oil exports see sharpest fall since early 2024 after new US sanctions

by Tim ZadorozhnyyNovember 4, 2025

Mazda becomes first automaker to lose right to reclaim Russian assets after exit

by Tim ZadorozhnyyNovember 3, 2025

Ukrainian strikes on Russian oil facilities, sanctions boost profits of major Western oil companies

by Tim ZadorozhnyyNovember 3, 2025

EU approves 1.8 billion euros for Ukraine under long-term funding plan

by Martin FornusekNovember 4, 2025

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

by Martin FornusekNovember 3, 2025

Turkey cuts Russian oil imports amid Western sanctions, Reuters reports

by Yuliia TaradiukNovember 2, 2025

Silence from Ukraine's allies after 'politically motivated' arrest of former top energy official

by Luca Léry MoffatOctober 31, 2025

NewsLetters

News Feed

Wednesday, November 5

02:42 AM

Explosions reported in Russia's Oryol Oblast — residents claim missile attack

The regional governor said Russian air defenses shot down Ukrainian drones in the area, while residents claimed the city was being attacked by missiles.

Wednesday, November 5

11:34 PM

Belgium shuts down Brussels Airport due to suspicious drone sighting

It is the first time Brussels Airport has closed due to drone activity. More drones were also spotted near Belgium's Kleine Brogel Air Base, which houses F-16 fighter jets.

03:21 PM

Ukrainian suspect in Nord Stream sabotage case declares hunger strike in Italian prison

The suspect demands respect for his "fundamental rights, including the right to adequate food, a healthy environment, dignified detention conditions, and equal treatment with other prisoners regarding family visits and access to information," his lawyer, Nicola Canestrini, said.

01:40 AM

Ukraine confirms drone strikes on key Russian oil refinery, petrochemical plant

The Ukrainian military said it hit a Lukoil oil refinery in Nizhny Novgorod and the Sterlitamak petrochemical plant in the Republic of Bashkortostan.

10:15 PM

Russia's Oreshnik missile enters serial production, Putin claims — nearly 1 year after promising to mass produce weapon

"We have developed and deployed the Oreshnik medium-range missile system, and have begun serial production," Russian President Vladimir Putin claimed on Nov. 4.

09:23 PM

Returning home, photographer Yelena Yemchuk finds beauty in a country at war

There was no doubt for photographer Yelena Yemchuk that upon returning to Ukraine, she would encounter the pain and loss that comes with the day-to-day reality of Russia's full-scale war — but she wasn't quite ready for how much love there was to go around, too. "It's this understanding of what life is, the understanding of what love is, the understanding of human relationships, and this appreciation for the moment," Yemchuk told the Kyiv Independent. "It's the most beautiful thing I've ever e

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.

July 21, 2025Under constant attack, Ukraine’s arms makers take shelter in European factories

July 14, 2025Minerals were all the talk at the largest Ukraine Recovery Conference

July 7, 2025Exclusive: Ukraine pitches US modernizing its largest oil refinery as part of minerals deal

Editors' Picks

After escaping Russian-occupied Ukraine, some people are now facing the impossible choice: to return.

Business

Ukrainian Business Resilience in 10 stories

Popular Kyiv mall on lockdown as management dispute continues

Russia's seaborne oil exports see sharpest fall since early 2024 after new US sanctions

Mazda becomes first automaker to lose right to reclaim Russian assets after exit

Ukrainian strikes on Russian oil facilities, sanctions boost profits of major Western oil companies

EU approves 1.8 billion euros for Ukraine under long-term funding plan

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

Turkey cuts Russian oil imports amid Western sanctions, Reuters reports

Silence from Ukraine's allies after 'politically motivated' arrest of former top energy official

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India's largest oil refiner reportedly buys Russian crude from non-sanctioned entities

Explosion at Kyiv postal office injures five people

After US sanctions, Lukoil to sell assets to firm founded by Putin ally

France rejects Ukraine’s extradition request for billionaire charged with bribery, citing risk of unfair trial

Court sets bail for Ukraine's ex-grid operator chief at $325,000. He calls the case against him 'political'

Vegetables. Monetary policy. Facebook: How one post about a central bank decision fired up Ukraine's top economists

Chart of the week: Ukraine’s deal market holds steady despite investor hesitation

India partners with sanctioned Russian firm to produce passenger aircraft

NewsLetters

News Feed

Explosions reported in Russia's Oryol Oblast — residents claim missile attack

Belgium shuts down Brussels Airport due to suspicious drone sighting

Ukrainian suspect in Nord Stream sabotage case declares hunger strike in Italian prison

Ukraine confirms drone strikes on key Russian oil refinery, petrochemical plant

Russia's Oreshnik missile enters serial production, Putin claims — nearly 1 year after promising to mass produce weapon

Returning home, photographer Yelena Yemchuk finds beauty in a country at war

About Business

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Mazda becomes first automaker to lose right to reclaim Russian assets after exit

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'Ballistics flew in' — Reported Russian strike on Ukrainian military award ceremony sparks probe

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