The drone system, developed by Ukraine's defense tech cluster Brave1, can deliver two AI-guided FPV (first-person view) strike drones up to 300 kilometers (186 miles) behind enemy lines, according to Digital Transformation Minister Mykhailo Fedorov.
Telegram and Elon Musk's xAI will enter a one-year partnership, integrating the Grok chatbot into the messaging app, Telegram CEO Pavel Durov announced. Elon Musk said that "no deal has been signed" yet.
The court struck down the 10% tariffs applied to all U.S. trading partners to address the trade deficit. This means that the court would also block tariffs on trade with Ukraine.
The German government will "do everything to ensure that Nord Stream 2 cannot be put back into operation," German Chancellor Friedrich Merz said on May 28.
President Volodymyr Zelensky hopes that in June 2026, there will be no more war in Ukraine, but Russia will still feel the pressure of sanctions.
Ukraine’s allies have imposed sweeping sanctions on Russia and its supporters over the full-scale war, but experts say there’s room for more.
EU sanctions chief David O'Sullivan noted that there is "no more outreach" between the two sides on sanctions evasion and that G7 cooperation has "also lost momentum" in this regard, according to an internal report from an EU ministerial meeting in Brussels on May 20, Suddeutsche Zeitung reported.
Vector, a media platform focused on the creative economy, launched the new artificial intelligence-powered narration tool in partnership with Respeecher, the Ukrainian voice technology startup known for recreating the voices of Luke Skywalker and Darth Vader in major Hollywood productions.
The new measures under consideration would also include lowering the Group of Seven oil price cap on Russian crude exports from $60 to around $45 per barrel.
A document seen by Reuters reveals that firms such as Rusal and Gazpromneft intend to reduce the volumes they plan to move by rail in 2025, prompting Russian Railways to slash spending by an additional 32.5 billion rubles ($408 million).
The move marks a significant shift in EU trade policy toward Kyiv, as bloc members seek to balance wartime support for Ukraine with growing domestic unrest from European farmers.
"The last step was a diplomatic note from the United States, which I personally received this morning. The Fund is officially launched," Economy Minister Yuliia Svyrydenko said on May 23.
The end of the European Union’s tariff-free trade preferences for Ukrainian agricultural products is more than just a policy change, it’s a wake-up call. For years, the EU has served as the largest and most reliable market for Ukraine’s agricultural exports. But as Brussels rolls back preferential
The Russian government is slashing budgets for major projects across a number of sectors amid an economic downturn and oil price collapse, the pro-Kremlin news outlet Kommersant reported.
As Ukraine braces for an intensified Russian offensive, KI Insights invites you to an exclusive off-the-record briefing on the latest battlefield dynamics, military challenges, and Kyiv's evolving strategic outlook. Drawing from sources spanning the trenches of Donbas to the Presidential Office, we'll analyze the shifting threat landscape and its implications
The open letter, signed by leading representatives of Ukraine's defense-industrial sector, highlights the strategic potential of the country's homegrown military technologies, from drones to electronic warfare systems, and calls for decisive political action to authorize the controlled export of surplus weaponry to allied nations.
Editor’s note: This is issue 26 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from May 12–May 18, 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
Speaking to the New York Times on the condition of anonymity, a White House official familiar with the call, said that imposing sanctions could impede Trump's goal of "maximizing economic opportunities for Americans," the publication wrote.
Ukraine and the U.S. launched initial talks on a free trade zone back in 2021.
The measures, announced in coordination with the EU's 17th sanctions package, target "entities supporting Russia’s military machine, energy exports and information war, as well as financial institutions" supporting the Russian war effort.
"New measures also address hybrid threats and human rights. More sanctions on Russia are in the works," Kaja Kallas said on X.
Washington's participation in a potential sanctions package would be "very central," German government spokesperson Stefan Cornelius said.
Ukraine will receive $84 million from the World Bank to restore housing damaged in Russia's war, the Finance Ministry announced on May 15.
Editor’s note: This is issue 25 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from May 5–May 11, 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
Ukraine's underground storage facilities are currently using 19.4% of their capacity. Almost 32%, or 2.79 bcm, less gas is available in the storages than in the previous year, according to the estimates.
More than 1,000 Russian government entities and 1,200 private companies are involved in the economy of occupied Mariupol, a major southeastern city occupied by Russia after it invaded Ukraine in 2022, according to a research paper published on May 14.
The European Union’s 17th package of sanctions against Russia, agreed on May 14, is being hailed in Brussels as a symbol of steady resolve. European Commission President Ursula von der Leyen welcomed the move, insisting it would "keep the pressure high on the Kremlin." But outside the EU bubble,
The measures target almost 200 ships of Russia's "shadow fleet," 30 companies involved in sanctions evasion, 75 sanctions on entities and individuals linked to the Russian military-industrial complex, and more.
The EU plans to significantly increase tariffs on Ukrainian goods after the current duty-free deal lapses on June 6, the Financial Times reported on May 14, citing undisclosed diplomatic sources.
The blockade ended at 10:30 p.m. local time. Truck traffic in both directions is now moving as usual, according to Ukraine's State Border Guard's statement.
The move follows Ukraine's ratification of the minerals agreement, deepening U.S.-Ukraine economic ties and signaling expanded U.S. involvement in Ukraine's long-term recovery.
"Amendments to the Budget Code are needed to implement the provisions on funding the U.S.-Ukrainian Reconstruction Investment Fund," lawmaker Roksolana Pidlasa said.
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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