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Ulyana Khromyak, Ukraine House’s executive Director in Davos, Switzerland on Jan. 19, 2026.
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'A place for real investment and recovery' — Ukraine House Davos 2026 sees key investment deals

by Dominic Culverwell

As temperatures in Ukraine plummeted to -18C (-0.4F), leaving businesses fighting for survival without power and heating, world leaders and business chiefs congregated in the much milder Davos, the Swiss ski resort home to the World Economic Forum. Among them is Ulyana Khromyak, the head of Ukraine House Davos since 2023, representing Ukrainian businesses to the thousands of global figures in attendance. Her mission is to bring capital into Ukraine now and show the world that Ukraine is brimmin

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Thursday, January 22

Ukraine war latest: Zelensky says Russia produces 500 Shahed drones, dozens of ballistic missiles daily

This is Tania Myronyshena reporting from Kyiv on day 1,429 of Russia's full-scale invasion of Ukraine. Today's top story so far: Zelensky says in Davos speech Russia produces 500 Shahed drones, dozens of ballistic missiles a day Last updated 8:47 p.m. Kyiv time President Volodymyr Zelenskyy said Jan. 22, 2026, at the World Economic Forum in Davos, Switzerland, that Russia is producing about 500 attack drones and "dozens" of ballistic missiles every day, calling on Europe to strengthen its o

We asked an expert about Russia's 'updated' mass missile, drone tactics

Russia launched another massive strike on Ukraine on Jan. 20, with President Volodymyr Zelensky noting the use of "updated tactics." The recent attack hit multiple regions, with Kyiv and the country's energy infrastructure taking the brunt of the damage. Russian forces also targeted substations supplying nuclear power plants, one of Ukraine's main sources of power generation in the midst of a harsh winter. Russia launched 18 ballistic missiles, 15 cruise missiles, and 339 drones during the mas

An alleged launch of a Zirkon missile in a video published by Russia’s Defense Ministry on Dec. 3, 2024.

'A place for real investment and recovery' — Ukraine House Davos 2026 sees key investment deals

As temperatures in Ukraine plummeted to -18C (-0.4F), leaving businesses fighting for survival without power and heating, world leaders and business chiefs congregated in the much milder Davos, the Swiss ski resort home to the World Economic Forum. Among them is Ulyana Khromyak, the head of Ukraine House Davos since 2023, representing Ukrainian businesses to the thousands of global figures in attendance. Her mission is to bring capital into Ukraine now and show the world that Ukraine is brimmin

Ulyana Khromyak, Ukraine House’s executive Director in Davos, Switzerland on Jan. 19, 2026.

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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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Ukraine needs billions in US arms as Greenland dispute pushes alliance to breaking point, documents reveal

Launchers of the Bundeswehr’s Patriot air defense system stand in Poland, on April 3, 2023.

Ukraine needs at least $27 billion in military equipment from non-European Union sources in 2026, highlighting the bloc's dependence on American technology to support Kyiv, negotiating documents show. The EU is set to spend 60 billion euros ($70 billion) on Ukraine's defense as part of a larger 90-billion-euro support package agreed in December, an unprecedented sum that European leaders hope will reboot its military industrial base and support the Ukrainian military’s continued operation durin

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