The EU sanctions consist of two documents adopted one after another: a decision and a regulation. While a regulation must by extended by all 27 members every six months, a decision remains in force until a qualified majority repeals it, RFE/RL reported.
The strategy, originally scheduled for release last month, was postponed amid growing uncertainty over U.S. President Donald Trump's new tariff policies, which could affect energy trade and strain transatlantic negotiations.
The company plans to manufacture three variants of the vehicles: a medical evacuation vehicle, a troop carrier, and a vehicle for special operations.
Following the outbreak of the full-scale war in 2022, the European Union has restricted energy imports from Russia, profits from which fuelled Moscow's ability to wage the war against Ukraine.
Deputy Prime Minister Olha Stefanishyna declined to disclose specific details, noting that negotiations are ongoing and "this is not the final round."
In the first quarter of 2025, developers launched just 8.1 million square meters (around 87.19 million square feet) of new housing projects — down 24% from the same period last year.
Ukraine has also more than doubled its production of long-range drones in 2024 compared to the previous year, which is a 22-fold increase compared to 2022. In total, 324 new types of weapons were developed in Ukraine by the end of 2024.
Describing the Trump administration's expansive proposal as "maximalist," the source told Reuters that it was unlikely a new round of technical talks will lead to a breakthrough in negotiations.
Ukraine's Justice Ministry has hired the U.S. firm Hogan Lovells for assistance in negotiating a critical minerals deal, according to public records. Sources also told Reuters that talks on the deal had become "antagonistic."
Russian Foreign Minister Sergey Lavrov linked the potential resumption of direct air service between the U.S. and Russia to Washington's decision on Aeroflot.
The strike destroyed part of a storage facility belonging to Biosphere Corporation, a Ukrainian manufacturer of household goods. Company founder Andrii Zdesenko said the attack caused serious damage.
The following is the April 9, 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. President Trump shocked the world on April 2 when he announced what he dubbed “Liberation Day,” slapping tariffs
Transport visa-free regime is a part of Ukraine's sectoral integration into Europe and a prerequisite for our membership in the European Union," Prime Minister Denys Shmyhal said.
Editor’s note: This is issue 20 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 24–April 6, 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
Preliminary criteria say that foreign firms willing to return to Russia will not be allowed to do so if they have a "hostile position," finance Ukraine's Armed Forces, or are classified as "undesirable organizations" or "foreign agents."
Ukraine will begin technical consultations with the U.S. on the minerals agreement on April 11, Deputy Prime Minister for European and Euro-Atlantic Integration and Justice Minister Olha Stefanishyna said, as reported by Interfax-Ukraine on April 10.
"The scheme looks like it all leads to the unblocking of economic relations. They (Russia) want, for example, the lifting of sanctions against specific people who will be behind this or that direction, for example, Russian minerals, which they will offer them (the U.S.)," President Volodymyr Zelensky said.
The Autonomous Trade Measures were introduced by the European Union on June 4, 2022, to provide temporary tariff-free and quota-free access for Ukrainian goods.
According to U.S. President Donald Trump, more than 75 countries have approached the U.S. to discuss trade, trade barriers and tariffs and have not retaliated against Washington.
The president stressed that Ukraine is ready to contribute its land and resources, but expects the U.S. to bring in technologies and capital.
"The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy," the statement read.
Revolut, the London-based digital bank, has suspended registration of new customers in Ukraine, a company press office told The Kyiv Independent on April 9.
"Our priority is the abolition of duties, not escalation," Deputy Economy Minister and Trade Representative Taras Kachka said.
"We are grateful to our partners for supporting the economy and the rapid recovery of our country," Prime Minister Denys Shmyhal said after meeting EU Economy Commissioner Valdis Dombrovskis in Brussels.
U.S. President Donald Trump has inadvertently hit Russia’s economy after his "Liberation Day" tariffs caused oil prices to drop drastically on April 7, with potentially massive ramifications for the Kremlin's ability to fund its ongoing war in Ukraine. Russia has so far failed to agree to a full
The U.S. supplies are meant to offset the loss of coking coal from the mine near Pokrovsk, which has suspended operations as Russian forces are closing in on the Donetsk Oblast town.
The minerals deal should be mutually beneficial, meet the interests of both countries without putting at risk Ukraine's accession to the EU, Foreign Minister Andrii Sybiha said.
"There has been a policy of favoring Ukrainian grain in terms of access to port facilities in recent years, at the detriment of Romanian grain, and Romanian farmers were greatly affected by it," Romanian presidential candidate Victor Ponta said.
Kremlin spokesperson Dmitry Peskov attributed the price decline to "the US decision to introduce tariffs for most countries in the world."
Eleven years ago, Russia seized Ukrainian territory by force. Three years ago, Russia launched a full-scale invasion of Ukraine. Today, Ukraine faces a new threat to its sovereignty: U.S. President Donald Trump’s demand that the country hand over a significant amount of its mineral wealth or face the
Ferrexpo, the London-listed iron ore producer with significant operations in Ukraine, reported a 26% year-on-year decline in pellet production during the first quarter, attributing the drop to the suspension of value-added tax (VAT) refunds by Ukrainian authorities.
White House National Economic Council Director Kevin Hassett said on April 6 that Russia was excluded from the U.S. tariff list due to ongoing peace negotiations with Ukraine.
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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