Business

Ukrainian Business Resilience in 10 stories

Exclusive: EBRD preparing new funds to cover urgent gas imports for Ukraine, vice president says

by Dominic CulverwellOctober 9, 2025

The European Bank for Reconstruction and Development will provide Ukraine's state-run oil and gas giant Naftogaz with fresh financing for emergency gas imports amid devastating Russian strikes on its gas production facilities, the bank's vice president told the Kyiv Independent in an interview on Oct. 9. Nearly 60% of the country’s gas production was damaged in recent strikes, which targeted Ukraine's Poltava and Kharkiv oblasts, Bloomberg reported on Oct. 9, citing sources with knowledge of th

A view of the Russian Central Bank headquarters in downtown Moscow, Russia, on Sept. 12, 2025.

The EU's ambitious plan for frozen Russian assets, explained

by Luca Léry MoffatOctober 9, 2025

Ukraine’s authorities confront electronics retailers over smuggled iPhones in contraband crackdown

by Dominic CulverwellOctober 8, 2025

Ukraine, EBRD discuss funding additional gas imports amid rising Russian strikes on energy sector

by Kateryna HodunovaOctober 8, 2025

Russian-owned oil company in Serbia loses U.S. sanctions exemption

by Kateryna HodunovaOctober 9, 2025

Belgium wants EU to share risks of 140 billion euros Ukraine loan, Politico reports

by Martin FornusekOctober 9, 2025

Russian strikes reportedly destroy over half of Ukraine's gas output before winter

by Tim ZadorozhnyyOctober 9, 2025

Russian stock market plummets to 3-year low after Kremlin statement on 'collapsing' US-Moscow relations

by Abbey FenbertOctober 8, 2025

NewsLetters

News Feed

Friday, October 10

09:19 AM

Russian MiG-31 fighter jet crashed in western region during landing, Moscow says

The MiG-31, a twin-seat supersonic aircraft capable of carrying Kinzhal hypersonic missiles, has been widely used by Russia to strike targets deep inside Ukraine.

08:14 AM

General Staff: Russia has lost 1,120,510 troops in Ukraine since Feb. 24, 2022

The number includes 1,120 casualties that Russian forces suffered over the past day.

Friday, October 10

02:18 AM

Trump meets with Stubb, vows to defend Finland in case of Russian attack

During a White House meeting on Oct. 9, U.S. President Donald Trump said he would “vigorously” defend Finland if Russia attacked it.

Friday, October 10

12:33 AM

'Missiles, one after another' — Child killed, over 20 injured across Ukraine as Russian strike causes blackouts in Kyiv

"From the explosions that just occurred — a ballistic missile attack is ongoing. Missiles one after another, air defense is active," Kyiv City Military Administration head Tymur Tkachenko said.

An aerial ladder reaching a blaze higher up in a damaged residential building

Thursday, October 9

11:24 PM

Oil prices dip modestly amid Gaza ceasefire, stalled Ukraine peace talks

Oil prices dropped slightly on Oct. 9 after Israel and Hamas agreed to a ceasefire in Gaza, easing concerns about continued fighting in the region. Prices had risen just a day earlier in response to stalled peace talks in Ukraine.

09:52 PM

Russian-owned oil company in Serbia loses U.S. sanctions exemption

Serbia's largest Russian-owned oil company, Naftna Industrija Srbije (NIS), announced on Oct. 9 that it had not received an extension of its U.S. sanctions waiver, Reuters reported.

About Business

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.

July 21, 2025Under constant attack, Ukraine’s arms makers take shelter in European factories

July 14, 2025Minerals were all the talk at the largest Ukraine Recovery Conference

July 7, 2025Exclusive: Ukraine pitches US modernizing its largest oil refinery as part of minerals deal

Editors' Picks

Passenger train car, hit by a Russian drone, in Shostka, Sumy Oblast, Ukraine, on Oct. 4, 2025.

Business

Ukrainian Business Resilience in 10 stories

Exclusive: EBRD preparing new funds to cover urgent gas imports for Ukraine, vice president says

The EU's ambitious plan for frozen Russian assets, explained

Ukraine’s authorities confront electronics retailers over smuggled iPhones in contraband crackdown

Ukraine, EBRD discuss funding additional gas imports amid rising Russian strikes on energy sector

Russian-owned oil company in Serbia loses U.S. sanctions exemption

Belgium wants EU to share risks of 140 billion euros Ukraine loan, Politico reports

Russian strikes reportedly destroy over half of Ukraine's gas output before winter

Russian stock market plummets to 3-year low after Kremlin statement on 'collapsing' US-Moscow relations

More from Business

Russia expands gasoline sale restrictions amid fuel shortages, refinery strikes

Indian refiners asked to pay for Russian oil with Chinese yuan, Reuters reports

Kyiv condemns attacks near occupied Zaporizhzhia nuclear plant, cut off from Ukraine's grid for 2nd week

Russian economy latest: Oil, gas September revenues down 25% from last year amid high budget deficit

Latest power struggle at Ukraine’s state grid operator ends as CEO dismissal reversed

Ukraine moves to sell state stakes in 2 major banks

G7 vows to 'maximize pressure' on Moscow by targeting Russian oil buyers

New economic watchdog head aims to bust Ukraine's billion-dollar shadow economy

NewsLetters

News Feed

Russian MiG-31 fighter jet crashed in western region during landing, Moscow says

General Staff: Russia has lost 1,120,510 troops in Ukraine since Feb. 24, 2022

Trump meets with Stubb, vows to defend Finland in case of Russian attack

'Missiles, one after another' — Child killed, over 20 injured across Ukraine as Russian strike causes blackouts in Kyiv

Oil prices dip modestly amid Gaza ceasefire, stalled Ukraine peace talks

Russian-owned oil company in Serbia loses U.S. sanctions exemption

About Business

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Ukraine hits largest oil terminal in Russian-occupied Crimea, sparks massive blaze, General Staff confirms

Investigation: Top Russian defense industry boss tries to lift sanctions, spills own secrets instead

Ukrainian drones strike 'rare' Russian signal jamming station in occupied Luhansk Oblast

Russian stock market plummets to 3-year low after Kremlin statement on 'collapsing' US-Moscow relations

Indian refiners asked to pay for Russian oil with Chinese yuan, Reuters reports

Editors' Picks

'Logistical terrorism' — Russia steps up attacks on Ukrainian railways

The military branch behind Ukraine’s battlefield apps turns to weapons bureaucracy

Investigation: Top Russian defense industry boss tries to lift sanctions, spills own secrets instead

Analysis: Ukraine support wavers — but Central Europe hasn't fallen to Russia