The European Commission criticized the decision as "unlawful and economically counterproductive," arguing that the deeply integrated supply chains between the EU and the U.S. would suffer under such restrictions.
According to Politico, European countries are drafting new legislation that would enable potential seizures of Russian oil tankers on legal grounds.
The move represents an apparent violation of U.N. resolutions prohibiting North Korea from sending its citizens to work overseas, which the Security Council passed after Pyongyang's intercontinental ballistic missile tests.
The EU "should boost independence even further and end all Russian energy imports," Karis said on Feb. 9. "We should even seriously consider a full trade embargo on Russia."
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Feb. 10-Feb. 16. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. This week’s key event is the 61st Munich
Ukraine is maintaining high levels of gas imports from the EU after a series of Russian missile attacks on its gas facilities, according to a Reuters report on Feb. 9.
The following is the Feb. 4, 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 Donald Trump came out on Feb. 3 saying he wanted to make a deal with Ukraine by
Editor’s note: This is issue 12 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 27–Feb. 2, 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
The Ukrainian Anti-Monopoly Committee (AMCU) approved Kyivstar’s acquisition of taxi service Uklon on Feb. 6, Kyivstar CEO Oleksandr Komarov announced at an American Chamber of Commerce event in Ukraine.
French point man for foreign trade, Laurent Saint-Martin, came to Kyiv during a turbulent time. As U.S. aid to Ukraine was drying up, President Donald Trump had made public his desire to get a hold of Ukraine’s rare earth minerals in return for a new influx of American
According to documents obtained by the FT, Mikhail Fridman and Petr Aven sold their stakes for about Rbs 240 billion ($2.5 billion).
Belgian clearing house Euroclear said in a statement on Feb. 5 that the second payment is expected to be made in March and should amount to approximately 2 billion euros.
Ukraine's newly formed telecommunications company DVL Group is planning to cut 15% of its IT department due to business consolidation and optimization, the company told Economichna Pravda.
The Ukrainian subsidiary Poltava Mining (FPM) of London-listed Ferrexpo said a civil claim for Hr 157 billion ($3.78 billion) was filed against it over illegal mining in Ukraine and the sale of waste products.
Ukraine’s steel producers are now looking abroad to stay alive after the closure of the country's last operating coking coal mine in Pokrovsk last month. Miners were working up until Jan. 13 when the Metinvest Group, the mine’s owner, halted production completely and evacuated employees as Russian troops
"The presence of big business from our closest allies, particularly the United States, in this area is an important element of security and economic stability guarantees," Ukraine's Foreign Minister Andrii Sybiha said.
President Donald Trump declared on Feb. 3 that he was looking to "do a deal with Ukraine" by giving the war-torn country weapons and aid in return for its "rare earths." "They're going to secure what we're giving them with their rare earths and other things," Trump told reporters in
Trump has repeatedly called for lower oil prices, arguing that reducing Russia's oil revenue would force Moscow to end its war against Ukraine.
Emergency power shutdowns were introduced in eight Ukrainian oblasts due to higher consumption and Russian attacks on the country's energy system, Ukrenergo, Ukraine's state grid operator, reported on Feb. 4.
The Austrian lender reported a net loss of 926 million euros ($955 million) in the fourth quarter of 2024, primarily due to provisions in its Russian subsidiary.
The company behind the exports, Energoresurs, is registered in Rostov-on-Don, Russia, and has exported nearly half a million tons of coal abroad between 2023 and 2024. According to the investigation, the firm sources coal from suppliers in occupied Donbas and transports it to Turkey by rail and sea.
The European Commission and Moldova signed a two-year strategy for energy independence and resilience, allocating 250 million euros ($258 million) to Chisinau in 2025, the commission said on Feb. 4.
Despite the uncertainty surrounding a potential resolution to the war, Ukrainians know one thing for sure: we must ramp up our defense capabilities to effectively defend against current and future Russian aggression. This requires the rapid development of asymmetrical solutions to counter Russia's advantages in personnel, material, and financial resources.
The auction, which is for a 100% stake in the plant, will be held on Feb. 4. Its starting price is Hr 234.4 million ($5.6 million), which includes debts for the last six months.
Ukrainian cafe chain Lviv Croissants opened its first restaurant in Cannes, France, making it the fifth country outside of Ukraine where it now operates, the company said in a press release on Feb. 3.
DRUZHKIVKA, Donetsk Oblast — A loud explosion goes off, followed by a second. People begin to run in different directions. Despite the chaos, taxi driver Serhiy Pohrebnyakov sits calmly behind the wheel, waiting for customers. Pohrebnyakov’s wife and daughter fled Druzhkivka after the start of the full-scale invasion, leaving him
In 2023, the Russian branch of Raiffeisen Bank earned over $1 billion in the first three quarters, which accounted for about 50% of the group's total profit. The bank also paid 277 million euros ($284 million) in taxes to Russia over the same period, Bloomberg reported.
The recent shake-up at the State Financial Monitoring Service of Ukraine (SFMS), responsible for combating money laundering and terrorist financing, has drawn mixed reactions. Some see it as a step toward fighting corruption and financial crime, while others view the changes with caution, uncertain about the motivations behind the overhaul.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Feb. 3-Feb. 9. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. On Feb. 3-8, Washington will host the 4th annual
Trump placed 25% tariffs on Mexican and Canadian goods, with only a 10% tariff on Canadian energy imports. He also imposed a 10% tariff on goods from China.
Update: Briefing slides can now be accessed here. KI Insights subscribers can also access the recording. Join our exclusive KI Insights Monthly Briefing to gain critical perspectives on the prospects of a peace process in Ukraine under the new US administration. We will analyze the various involved stakeholders and their
Nearly three years into the war, Ukrainians have grown used to bracing for brutal winters with electricity blackouts and heating cuts from Russian attacks on the country’s energy infrastructure. This winter was predicted to be one of the toughest ones of the war yet. In a worst-case scenario, blackouts
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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