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Russian President Vladimir Putin in Saint Petersburg, Russia, on April 27, 2026.
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Putin faces rising tensions as Russian economy weakens

by Toby Woodall

The Russian economy is losing momentum as the cost of the war mounts — sowing discord at the highest levels of the state and posing growing problems for President Vladimir Putin. After four years of proudly insisting that Russia could withstand sanctions imposed by the West in response to its full-scale invasion of Ukraine, the Kremlin is now confronting the reality that the war economy that initially spurred growth is increasingly straining the system. Meanwhile, there is a growing sense that

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Ukraine Business Roundup — After Russian strikes, Kyiv gets back to work

Editor's note: The following is the May 26, 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. The city is still reeling from what was one of the biggest attacks — if not the biggest — against Kyiv since the start of the full-scale invasion last Saturday. Russia launched 90 missiles and 600 drones targeting mainly Kyiv and the surrounding region, causing damage to what Mayor Vitali Kli

Telecoms giant Kyivstar wants a seat in Ukraine's driverless car revolution

Ukraine's most popular ride-hailing service wants to conquer the global robotaxi race. Uklon, owned by Ukraine's telecoms giant Kyivstar, gathered journalists, executives, and policymakers at Kyiv's shuttered Boryspil airport on May 27 to showcase the remote-driving technology the company is testing — and one day hopes to bring to the streets of Kyiv. "We want Ukraine to be the best in Europe for self-driving cars," Uklon CEO, Serhiy Hryshkov, told the crowd in a sleek ceremony, during which h

About Russia

The Kyiv Independent’s coverage of news on Russia. Spanning eleven time zones across Eastern Europe and Asia, Russia has an estimated population of 146 million people. Russia’s capital city is Moscow, which is home to almost one in 10 Russians. Russia’s official currency is the Russian Ruble.

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