Over the last week, Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First, Win With Us.” The message set the tone for
In 2024, 233 generating units with a total capacity of over 830 MW were connected, including gas turbines, pistons, and cogeneration units.
Ukraine's National Bank (NBU) announced on Jan. 23 that it will raise the key policy rate from 13.5% to 14.5% per annum starting from Jan. 24, 2025.
Russia's domestic economic operations have recently suffered due to labor shortages and high interest rates introduced to curb inflation.
After the country's tax service sent out requests to Ukrainian citizens who earn money on the platform, 451 people sent in declarations totaling Hr 326.1 million ($7.76 million) for the period of 2020-2022, Ekonomichna Pravda reported on Jan. 22, citing information requested from the country's tax service.
"The commitment is the largest private sector investment in Ukraine since russia’s full-scale invasion in 2022 and the biggest ever private investment in Ukraine’s energy sector," DTEK said in a press release.
Join our exclusive KI Insights Monthly Briefing to gain critical perspectives on the highly anticipated Ukrainian elections (whenever they occur). We will analyze key potential players, what to expect from their platforms, and reflect on broader implications for the country's future. Whether you are following Ukrainian politics closely or seeking
President Volodymyr Zelensky met leading American and European executives and business leaders at the World Economic Forum in Davos, Switzerland, on Jan. 22, emphasizing Ukraine's investment potential and the importance of international support in achieving a just peace.
Hours after taking office, U.S. President Donald Trump put a stop on U.S. foreign development assistance for 90 days to review and ensure it aligns with the new administration's policy. Ukraine tops the recipient list of U.S. development assistance, receiving over $17 billion in economic aid in
Vladimir Kiriyenko, son of Russian President Vladimir Putin’s Deputy Chief of Staff Sergei Kiriyenko, has continued making investments in the West through offshore companies despite sanctions, The Moscow Times reported on Jan. 21.
Following the new restrictions, financial institutions in India began blocking payments for Russian crude, Energy Intelligence reported. India is currently the leading importer of Russian oil.
Germany's KNDS Deutschland, a manufacturer of Leopard 2 tanks, has officially opened a joint venture with a Ukrainian defense company, Ukraine's Strategic Industries Minister Herman Smetanin reported on Jan. 21.
Editor’s note: This is issue 10 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The EU has reduced Russian gas imports by 75%, while only 3% of its oil is imported from Russia, European Commission President Ursula von der Leyen said at the World Economic Forum in Davos on Jan. 21.
China has been decreasing coal imports from Russia despite a steady growth in demand, turning instead to Australian and Mongolian supplies, The Moscow Times reported on Jan. 21, citing Chinese customs data.
China has emerged as Russia's largest supplier of goods, but Chinese imports have failed to fully replace Western equipment and raw materials lost due to sanctions, The Moscow Times reported on Jan. 20, citing data from the Gaidar Institute.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Jan. 20-Jan. 26. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The global spotlight will be fixed firmly on Washington
Syria's new administration has banned all Russian, Iranian, and Israeli goods from entering the country in a new decree issued by the country's Minister of Finance on Jan. 17.
A Russian missile strike on Kyiv early on Jan. 18 damaged Ukraine's oldest McDonald’s, located near the Lukianivska metro station in the city's Shevchenkivskyi district. Open since 1997, this is the first McDonald's restaurant in the country.
The company allegedly shipped a large-scale batch of stainless steel profiles to Russia after the full-scale invasion. These products were used to outfit the Russian Institute for Nuclear Research, the SBU said.
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
According to the Kommersant's sources, gas may be purchased from January to April in the amount of up to 3 million cubic meters per day. The outlet estimates the price at $164 million. The costs are likely to be compensated by the Russian budget, the newspaper reported.
Russian President Vladimir Putin frequently boasts about the strength of his country’s economy, claiming that Western sanctions only made it stronger (while in the same breath demanding that they be lifted). In fact, “stagflation” — inflation combined with minimal growth — is coming to Russia. His war on Ukraine has caused
Editor’s note: This is issue 9 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 6–12, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The phase-out of LNG could be enacted as a sanction or part of a road map presented by the European Commission next month. Restrictions on aluminum would be gradual, with a time frame yet to be determined, officials said.
U.S. President Joe Biden will be passing around $3.8 billion in the so-called Presidential Drawdown Authority (PDA) to his successor — Donald Trump. On the campaign trail, Trump has repeatedly criticized the Biden administration for providing Ukraine with military assistance, including through military shipments using the PDA. Countering Trump's
Metinvest, Ukraine's largest steel producer, has suspended operations at the Pokrovsk coking coal mine in Donetsk Oblast due to worsening security conditions and power outages, the company announced on Jan. 14.
Sixty-five oil tankers paused operations in various places around the world following the recent U.S.-U.K. sanctions against Russia’s oil industry and shadow fleet, Reuters reported on Jan. 13, citing maritime tracking data.
President Volodymyr Zelensky signed a decree on Jan. 13 imposing new sanctions on the Russian financial sector. The sanctions target 140 distinct entities.
The Bryansk chemical plant produces gunpowder and explosives and is a key enterprise of the Russian military, according to Andrii Kovalenko, head of Ukraine's counter-disinformation center.
The Pokrovsk coal mine, one of the largest in Eastern Europe, is located 10 km (6 miles) west of Pokrovsk. The mine produces coal for coke production needed in steelmaking, which is Ukraine's second-largest export after agriculture.
Deputy Chairman of the Management Committee Elena Ilyukhina reportedly sent a letter to Gazprom CEO Alexey Miller, outlining the need for cost optimization due to "challenges facing the Gazprom Group."
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.
(Updated: )
