American businesses are prepared to return to Russia and fill the vacancies left by European companies that withdrew after the full-scale invasion of Ukraine, Kirill Dmitriev said following talks with U.S. officials in Washington.
U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods, compared to 20% on the E.U., and
Russia's Finance Ministry said the government lost roughly 230 billion rubles ($2.7 billion) in tax income compared to March 2024, with oil and gas revenues accounting for one-third of the total state income.
The following is the April 1, 2025 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. Washington proudly announced on March 25 that it had brokered an agreement between Russia and Ukraine to "eliminate
Ukraine's exports to the U.S. in 2024 amounted to $874 million, including $363 million in cast iron and $112 million in pipes, Economy Minister Yuliia Svyrydenko said.
White House spokesperson Karoline Leavitt said that Russia and Belarus were left off the list because of the already imposed economic sanctions.
According to Prime Minister Denys Shmyhal, international donors have allocated nearly $7.4 billion for "priority recovery projects" in 2025, leaving a nearly $10 billion deficit to finance reconstruction projects in 2025.
The DRIVE project will provide funding for the "extensive repairs of roads and bridges in 19 regions, reform of national roads, installation of modular bridges and technical assistance," Prime Minister Denys Shmyhal said on X on April 2.
The ongoing saga of the U.S.-Ukraine natural resources deal has already caused seismic ruptures between Kyiv and Washington, temporarily costing Ukraine American military support and crucial intelligence sharing. Yet in the quest to placate U.S. President Donald Trump, and secure his support in the fight against Russia's
If you thought the United States’ first minerals deal with Ukraine was bad, the new version reads even worse. This one makes the previous deal look like charity by comparison. Check out the Financial Times piece and the link to the leaked document. Some might call it extortion; others might
"We are entering the Korean market. We are planning to open by the end of the month (April)," Lviv Croissants told Ain.
"Ukraine was ready to sign the previously developed framework agreement. Now we have received a proposal for development and a new text of the agreement," Foreign Minister Andrii Sybiha said on April 1.
The contract includes the delivery of air defense equipment and logistical support for Patriot missile systems, the Polish Defense Ministry announced on March 31.
The funds represent the latest tranche of the Extended Fund Facility (EFF) program, which will provide Kyiv with $15.6 billion in budget support over four years. With the additional $400 million in funding, the program has now distributed $10.1 billion in financing to Ukraine.
"Rare earth metals are an important area for cooperation, and, of course, we have begun discussions about various rare earth metals and projects in Russia," said Kirill Dmitriev, head of the Russian Direct Investment Fund.
"He's trying to back out of the rare earth deal and if he does that he's got some problems, big, big problems," Trump told reporters aboard Air Force One on March 29.
Ukraine will be seeking for the U.S. to commit to more U.S. investment and clarify how a reconstruction fund would operate, a person familiar with the matter said.
The sharp decline is primarily attributed to Ukraine halting Russian gas transit through its territory on Jan. 1 after the expiration of a 2019 transit agreement.
"We have passed along a completed document for the economic partnership (that) is currently being reviewed by Ukrainians, and we hope to go to full discussions and perhaps even get signatures next week," U.S. Treasury Secretary Scott Bessent said.
A Russian explosives manufacturer has ordered tens of thousands of tons of nitric acid and other chemicals from fertilizer producers exempt from sanctions, according to documents seen by Bloomberg.
The following is the March 25, 2025 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. Ukraine’s largest telecom operator, Kyivstar, signed an agreement to acquire Uklon, a leading ride-hailing and delivery platform
Russia's "unconditional withdrawal" from Ukraine is one of the main preconditions for changing or lifting EU sanctions, European Commission spokesperson Anitta Hipper told Ukrainian media outlet Suspilne on March 26.
The European Bank for Reconstruction and Development (EBRD) on March 26 approved a loan of 270 million euros ($290 million) for Ukraine's Naftogaz to purchase gas for the next two winters, Prime Minister Denys Shmyhal said.
A new state agency, PlayCity, will aim to digitize gambling business licensing and strengthen oversight of the industry.
While the White House celebrates a ceasefire in the Black Sea after a 12-hour meeting in Riyadh, in Ukraine, the enthusiasm is muted. The agreement is missing crucial securities that Ukraine urgently needs, including protecting its ports from Russian attacks as well as opening up the blockaded Mykolaiv port. The
Editor’s note: This is issue 19 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 17–23, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and
Under the new initiative, the Danish government will introduce a state-backed guarantee through the Export and Investment Fund of Denmark (EIFO).
The restart of flights is vital for rebuilding Ukraine's economy, a process that cannot start unless "somebody gives the airports a kick up the backside," Ryanair CEO Michael O'Leary said.
The analysis covered over 300 foreign firms with "significant assets" and annual revenue of at least 1 billion rubles ($12 million) in Russia. Of these, 183 companies had fully withdrawn by the end of 2024.
Those expected to be impacted by sanctions include Russia, Australia, Canada, the EU, and China, among many other expected targets, the Wall Street Journal (WSJ) reported.
A coffee shop in Kyiv called "Trump" is rebranding to "Nolan" as Ukrainians grow increasingly frustrated with U.S. President Donald Trump's stance on Ukraine. Located in the capital's central Pechersk district, the establishment was opened in 2019 and in January of this year celebrated Trump's inauguration with a special
Russian businesses have significantly scaled back their recruitment efforts in early 2025, with job openings falling 15% compared to the same period last year, pro-state Russian outlet Izvestia reported on March 24, citing data from employment service hh.ru.
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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