"So this economic partnership deal in itself is a very important part of the broader security... architecture... frankly, that fund will be successful if Ukraine is stable and peaceful. So in a way, it's an important part of... future security guarantees," Ukraine's ambassador to the U.S., Oksana Markarova, said.
OPEC+, which includes Russia, agreed to a large oil production hike in June, Reuters reported on May 4, citing five unnamed sources.
The French-made precision bombs are being transferred to Kyiv as part of ongoing defense support, and their use by Ukrainian fighter jets has grown significantly since the start of Russia’s full-scale invasion.
"This export decrease follows typical seasonal patterns. The majority of harvested produce has already been exported, with only minor volumes remaining for export," the Ukrainian Agribusiness Club said.
The payout, drawn from a pool of 10 billion euros ($11.3 billion) in cash frozen under EU sanctions since Russia's full-scale invasion of Ukraine, comes in response to Russia's confiscation of billions in Western-held assets over the past year.
As Ukraine anticipates post-war reconstruction, a new wave of privatizations, regulatory reforms, and foreign investment opportunities is reshaping the country's economic landscape. From energy and infrastructure to retail and agriculture, Ukraine is opening up key sectors to domestic and international investors. Join KI Insights for an exclusive online briefing on
Ukraine's largest state-owned defense company Ukroboronprom reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year, according to a press release at the company's website.
"Our task is to do this as soon as possible, but it is very difficult to predict it now. I think it will take months, definitely not years," First Deputy Prime Minister Yulia Svyrydenko said.
Despite the uncertainty, Ukrainian officials have touted the deal as a political milestone that could help revive U.S. support under Donald Trump.
Naftogaz Group, Ukraine's state-owned oil and gas giant, reported a net profit of Hr 38 billion ($913 million) for 2024, marking a 64% increase from the previous year, the company announced on May 1.
The signing of a long-awaited minerals deal between the U.S. and Ukraine has come after months of tense negotiations as Kyiv worked on resetting its tumultuous relationship with U.S. President Donald Trump. The key deal, inked on April 30, creates an investment fund and grants the U.S.
What can Ukraine and its allies expect from Donald Trump's next 100 days? Will diplomacy prevail—or should Kyiv prepare for new shocks? What are the key takeaways, and what should diplomats, humanitarians, and businesses anticipate in the coming weeks? Join KI Insights for our exclusive monthly briefing on Monday,
The U.S. and Ukraine signed the long-awaited minerals agreement on April 30, paving the way for further American support of Kyiv through a joint investment fund that will contribute to Ukraine’s reconstruction. The deal comes after months of sometimes fraught negotiations, including an Oval Office shouting match between
U.S. officials framed the agreement as a sign of lasting support for Ukraine, and it comes amid an apparent resetting of relations between Presidents Donald Trump and Volodymyr Zelensky.
"I wanted to be protected... I didn’t want to be out there and look foolish," U.S. President Donald Trump said, referring to a minerals deal signed between Ukraine and the U.S. on April 30.
The decline in crude prices started in early April when U.S. President Donald Trump announced new tariffs on imports. China responded with its own tariffs, sparking a trade war between the world's biggest oil consumers.
Ukraine and the United States on April 30 signed a long-awaited minerals agreement that establishes a joint investment fund for reconstruction in Ukraine.
The following is the April 29, 2025 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. The following is an excerpt from our latest investigation by investigative reporter Alisa Yurchenko. On March 29, the
According to the source, the final version of the deal includes a 50-50 investment structure between the two countries and contains "a lot of good details."
Which European countries have the highest demand for goods and services from Ukrainian producers? How can the integration of Ukrainian business into the EU Single Market be accelerated, and what is the role of business associations and clusters in this process? For the first time in Ukraine, a comprehensive analysis
On March 29, the sanctioned Russia-flagged vessel Sv. Nikolay quietly docked at the Algerian port of Annaba near the coal terminal, waiting to be unloaded. The metallurgical coke the ship was carrying — a key ingredient in steelmaking produced from coal — had been stolen. The Kyiv Independent traced the vessel’s
The supervisory board of state-owned oil and gas company Naftogaz has elected Serhii Koretskyi, the head of Ukrnafta and Ukrtatnafta, as the company's new CEO, ExPro Consulting reported, citing its undisclosed sources.
Ukraine has launched Brave1 Market, an online marketplace with the latest technologies for the Ukrainian military, Digital Transformation Minister Mykhailo Fedorov announced on April 28 during the Defense Tech Era conference.
Russian businessman Albert Avdolyan is one of at least seven individuals who bought Maltese passports before later being sanctioned by the United States, the EU, or Ukraine for links to Russia’s invasion.
"It has been agreed that the document does not count the assistance provided before its signing," Prime Minister Denys Shmyhal said on April 27, following talks on the minerals deal in Washington.
"As to additional sanctions on Putin's Russia, I have bipartisan legislation with almost 60 cosponsors that would put secondary tariffs on any country that purchases Russian oil, gas, uranium, or other products," U.S. Sen. Lindsey Graham said on April 26.
The company does not plan to re-enter the Russian market, but wants to "prevent third-party businesses" from taking advantage of the brand, McDonald's said in a statement.
De Novo CEO Maksym Ahieiev emphasized that there were "no signs of hacking or external interference," and the outage was due to a "combination of technical factors."
Investigators said the vessel had loaded around 5,000 tons of stolen Ukrainian wheat from the Russian-occupied port city of Sevastopol in late 2024 and attempted to disguise its operations by sailing under the flag of an Asian country.
Diia, Ukraine's state mobile application for government services, and online services of several major companies are temporarily inaccessible due to technical failures, the media reported on April 26.
"Ukraine, headed by (President) Volodymyr Zelensky, has not signed the final papers on the very important rare earths deal with the United States. It is at least three weeks late," U.S. President Donald Trump said.
This poses a risk that Kyiv might have to default on the payment of some $600 million ahead of the deadline in late May.
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.
(Updated: )
