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Ukraine war latest: Russia blames UK for Storm Shadow strike on military plant, threatens 'new level' escalation

Key developments on March 11: * Russia blames UK for Storm Shadow strike on military plant, threatens 'new level' escalation, destruction * Ukraine hits Russian depots, air defenses in occupied territories, military says * Russia's Sochi under 'unprecedented' 24-hour mass Ukrainian drone attack, mayor says * Russia accuses Ukraine of attacking facilities linked to Black Sea gas pipelines Moscow threatened "a fundamentally new level of destruction and human casualties" after Ukrainian force

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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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A Saudi Arabian arms company has signed a deal to buy Ukrainian-made interceptor missiles, the Kyiv Independent has learned, with one source within Ukraine's defense industry saying that Riyadh and Kyiv are negotiating a separate "huge deal" for arms that could be finalized this week. Iran’s recent air attacks across neighboring Gulf States amid the U.S. and Israel-led war against Tehran have kicked off a scramble for military equipment to combat ballistic missiles and Shahed attack drones. Wh

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