The following is the Feb. 18, 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 natural resources — We'll take them all please It all seemed to be going swimmingly at first. President
"Hungary also blocked sanctions against 27 individuals and organizations, including Patriarch Kirill, arguing that targeting religious leaders undermines peace efforts," a Hungarian government spokesperson said.
Moscow suggested that American oil companies may return to the country, Russian negotiator Kirill Dmitriev said before the talks started in Riyadh.
U.S. Secretary of State Marco Rubio assured a group of European colleagues that sanctions would not be lifted earlier. The phone call took place on Feb. 18.
"Ukraine is ready for investment, provided that the occupied territories are liberated and natural resources are protected," President Volodymyr Zelensky said.
EU ambassadors agreed on a new package of sanctions against Russia, targeting aluminum imports and the "shadow fleet" of oil tankers, Euronews reported on Feb. 19.
Editor’s note: This is issue 14 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Feb. 10–Feb. 16, 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
"If you don't invest, if you're not strong, they handle you like kids," Armin Papperger said.
Ukrainian weapons startups are finally seeing an inflow of funds from Western investors who have long been intrigued by the Ukraine's defense tech sector but have so far kept their money out of the war-torn country. Financial analysis firm Pitchbook provided the Kyiv Independent with data showing a four-fold rise
Editor's note: This article is an on-site version of KI Insights' public newsletter The Week Ahead, covering events from April 21-27. Sign up here to start your week with an agenda of Ukraine-related events delivered directly to your inbox every Sunday. The week begins with Easter Monday and the expiration
The U.S. delegates in Munich did not offer any security guarantees in exchange for Ukraine's rare earth minerals, current and former senior Ukrainian officials said.
In an unprecedented move, President Volodymyr Zelensky imposed sanctions on his predecessor and key political rival, lawmaker Petro Poroshenko. Poroshenko, who was elected president in 2014, lost his reelection bid in 2019 to Zelensky in a bitter campaign that often included personal attacks. The rivalry between the two did not
"On the territory of an industrial enterprise in the Dzerzhinsky district, as a result of a UAV crash, a fire broke out in one of the buildings," Governor Vladislav Shapsha reported.
Quantum Systems, a German drone manufacturer operating two plants in Ukraine, plans to double its drone production in the country, Ukraine's Strategic Industries Ministry announced on Feb. 14.
In the three years since Russia launched its full-scale invasion, Ukraine has almost certainly become the largest producer of drones in the Western-aligned world. Early workshop tinkering on mainly commercial Chinese drones evolved into steadily more professional and massive production of domestic unmanned aerial systems (UAVs). The industry’s rapid
Ukraine’s State Bureau of Investigation (SBI) has detained the director of popular online casino Pin-Up over its alleged Russian ownership and business in Russia, the agency announced in a press release on Feb. 14.
The Russian government has allowed several companies to abandon the modernization of over a dozen power plants across the country, the Russian news agency Interfax reported.
Ukraine is set to receive 6,000 AI-powered HX-2 attack drones from the Munich-based defense technology firm Helsing.
The European Business Association (EBA) urged the Ukrainian government to declassify its information on mineral deposit data, in a statement on Feb. 13.
Agricultural trade between Ukraine and the EU reached $17 billion in 2024, exceeding the previous record of $16.5 billion in 2022 by 3%, the Kyiv-based research Institute of Agrarian Economics (IAE) reported.
Europe's main stock market and currencies are gaining amid growing optimism about a peace deal between Ukraine and Russia, Reuters reported on Feb. 13.
The following is the Feb. 11, 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 steel industry — one of its most critical sectors — just can’t seem to catch a break
The commission resumed work in December 2024, focusing on nine key sectors and over 2,000 enterprises, Russian Deputy Prime Minister Alexander Novak said.
CourtAvenue, an American artificial intelligence solutions company ranked among the fastest-growing private companies in the U.S., has acquired a controlling stake in BotsCrew, a Ukrainian company that develops chatbots for business, BotsCrew announced in a press release on Feb. 11.
Editor’s note: This is issue 13 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Feb. 3–Feb. 9, 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
British fintech company Revolut officially launched its services in Ukraine after a beta testing phase, introducing a special Clear Sky debit card in Ukraine's national blue and yellow colors, the company announced on its website on Feb.11.
U.S. Treasury Secretary Scott Bessent will visit Ukraine this week to discuss a potential deal between Kyiv and Washington on critical minerals, Bloomberg reported on Feb. 11, citing undisclosed sources.
Ukraine's parliament voted in favor of buying two Russian-made reactors from Bulgaria for the Khmelnytskyi Nuclear Power Plant, lawmaker Yaroslav Zhelezniak said on Feb. 11.
Russian officials are concerned that the Western sanctions are undermining Russia's economic influence over countries in its close neighborhood and the Global South, the Financial Times reported on Feb. 10, citing a leaked government report.
First Deputy Prime Minister and Economic Development Minister Yulia Svyrydenko said that the decision to impose tariffs will naturally affect Ukraine's steel industry.
WIG Ukraine, Ukrainian companies' stock price index on the Warsaw Stock Exchange (WSE), rose by almost 25% in a few days, reaching pre-war levels, Polish media outlet Puls Biznesu reported.
The European Union's lending arm, the European Investment Bank (EIB), has signed agreements to mobilize close to 1 billion euros ($1.03 billion) in investments into Ukraine’s public and private sectors as the U.S. moves to cut funding to development projects in the country. U.S. President Donald
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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