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Brave1 Components event in Kyiv, Ukraine, on Dec. 3, 2025.
Business

Consolidation and capital: The new era of Ukrainian defense tech

by Dominic Culverwell

A party at a swanky downtown Kyiv restaurant feels a world away from the front lines of Russia's war against Ukraine. Yet its guests — defense analysts, consultants, and arms producers — are nonetheless shaping how the war is fought. The event's host was Skadi Law, a new firm focusing exclusively on Ukraine's fast-growing defense tech sector. Its arrival is not an isolated story, but part of a broader trend: an expanding network of venture capital funds, accelerators, consultancies, and media c

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Ukraine war latest: Ukrainian drones strike oil pumping station in Russia's Krasnodar Krai, General Staff says

Key developments on April 9: * Ukrainian drones strike oil pumping station in Russia's Krasnodar Krai, General Staff says * Russia plans to increase its Unmanned Systems Forces to 165,500 by the end of 2026, Syrskyi says * US ignores Iran-Russia cooperation because it 'trusts Putin,' Zelensky says * UK says it foiled undersea operation as Russian sub, frigate enter British waters * Ukraine repatriates 1,000 fallen soldiers in latest exchange An oil pumping station in Krymsk, Krasnodar Kra

Pysanky: Ukraine's centuries-old easter egg tradition

In the days before Orthodox Easter in Soviet times, one Ukrainian historical researcher recalls children being lined up, their hands inspected for signs of forbidden dye. Teachers were searching for any sign that the children’s families had secretly celebrated the Christian holiday by decorating traditional Ukrainian Easter eggs, or pysanky as they're known in Ukrainian. "Making pysanky was banned… Anyone caught with dye stains was punished," recalled Yaroslava Muzychenko, a researcher at the

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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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Outdated treaties leave Ukraine exposed to wave of international arbitration by Russia

Moscow's Arbitration Court holds a hearing for Russia's Central Bank lawsuit against Euroclear, Jan. 16, 2026.

As sanctions increasingly weigh on the Russian economy, businesses and tycoons linked to the Kremlin are launching billions of dollars in claims under Cold War–era treaties — opening legal fronts against Ukraine and its Western supporters beyond their own courts. The Ukrainian-born Russian financier Mikhail Fridman is behind five claims and is seeking 16 billion euros in damages over Luxembourg’s freezing of his assets, while a company he co-owns with Pyotr Aven is claiming $1 billion over Ukra

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