The denial comes a day after the Financial Times reported that Ukraine and Russia are resuming discussions about halting the strikes on each other's energy infrastructure after the talks abruptly ended in August following Ukraine's Kursk incursion.
Editor’s note: This is issue 78 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 21- Oct. 27, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Speaking at the Future Investment Initiative conference in Saudi Arabia, Eric Schmidt said that Russia's war in Ukraine showed how a "$5,000 drone can destroy a $5 million tank."
The fire broke out at 1:30 p.m. local time in a hydraulic press used for the three-dimensional molding of steel shell casings.
The military plant of the German concern Rheinmetall, which opened in late October in Ukraine, is a "legitimate" target for Russian attacks, Kremlin spokesperson Dmitry Peskov said on Oct. 29.
The new limit will take effect on Dec. 1, 2024, and operators will be able to review it monthly starting in March 2025.
Because North Korea and Russia do not publish official statistics on the country's bilateral trade, there is uncertainty. But even the minimum estimate of shipments is over $1.7 billion, the study reads.
After days of discussions, the world’s leading anti-money laundering watchdog, the Financial Action Task Force (FATF), opted last week not to blacklist Russia despite efforts from Kyiv to sway members to do so over the Kremlin’s increasingly closer ties with blacklisted North Korea and Iran. The FATF, which
According to a ruling in 2023 by the Permanent Arbitration Court based in The Hague, Russia is obliged to pay $5 billion to Naftogaz Group as compensation for assets illegally seized during the Russian occupation of Crimea in 2014.
Businessman Adnan Kivan, owner of the Kadorr Group and the English-language Ukrainian news outlet Kyiv Post, passed away on Oct. 28, the Kadorr Group announced.
Meanwhile, an audit of the exemption process is ongoing until Nov. 15 to assess which businesses qualify for critical enterprise status, reflecting the government's effort to balance the country's defense needs with economic stability.
Gazprombank, one of Russia's largest banks that is also under heavy U.S. sanctions, is reportedly poised to acquire the Russian operations of the Auchan retail chain, according to sources cited by Le Monde on Oct. 25.
"The nuclear proliferation, of course, is the biggest risk mankind faces... I think we should be very careful about what we are trying to accomplish in the next couple of years," JPMorgan Chase CEO Jamie Dimon said.
Western sanctions on Russia's Ozernoye zinc mine have left the company struggling to replace key equipment needed to boost production, several sources familiar with the situation told Reuters.
Officials from U.S. President Joe Biden's administration raised the possibility of these sanctions during a G7 deputy finance ministers meeting on Oct. 22 in Washington, D.C.
Auchan, one of the few French chains still operating in Russia, is in final negotiations to sell its Russian subsidiary to a local buyer, French media La Lettre reported on Oct. 24.
A draft budget submitted to the Russian parliament last month has outlined the Kremlin's plans to keep spending high in its wartime economy, with ambitions to maintain the steady levels of growth the country has seen since its full-scale invasion of Ukraine in February 2022. Surging government spending on war
"The funds will be used to cover important non-military budget spending," PM Denys Shmyhal said.
The following is the Oct. 22, 2024 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. As Russia makes its slow and steady advances in Ukraine’s eastern Donetsk Oblast, its troops are closing
"You can be assured that the Biden administration is going to continue to tighten the screws against Russia’s LNG exports," Jeffrey Pyatt, assistant Secretary of State for Energy Resources, said.
Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year. In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new
Editor’s note: This is issue 78 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 14- Oct. 20, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
The Financial Action Task Force (FATF) meets tomorrow, Oct. 22, and is expected to once again debate Russia’s blacklisting. That Russia, a clear state sponsor of terrorism, hasn’t been ousted from an intergovernmental body that sets global standards to combat terrorist financing, money laundering, and related financial crimes,
General Major Oleh Huliak replaced Herman Smetanin, who became the head of the Strategic Industries Ministry as part of the biggest wartime government reshuffle in September.
According to the drone's developers, the Wild Hornets group, "Sting" will be able to fly at altitudes approaching 10,000 feet, with a speed of over 100 miles per hour. It is the first drone specifically developed to target Russia's arsenal of Shaheds.
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Editor’s note: This is issue 77 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 7- Oct. 13, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Editor’s Note: This is issue 151 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 6-12, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrzaliznytsia’s CEO Yevhen Liashchenko filed a resignation letter, the company’s supervisory board said on Oct. 7. The board
Commander-in-Chief Oleksandr Syrskyi called Ukraine the leader in the development of interceptor drones.
The European Council reiterated it would adhere to the "security and defense policy" of "certain member states" regarding the use of revenues generated from the frozen assets, and added it would continue to "address all relevant legal and financial aspects."
The legislation, approved by the parliament last month, was pushed through after prolonged pressure from Western partners and Ukrainian business associations. The reform is also a necessary step toward Kyiv's accession to the EU.
Pokrovske coal mine, the largest coking coal producer in Ukraine and one of the largest in Eastern Europe, is located 10 km (6 miles) west of Pokrovsk.
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.
