The ruling orders Russia to pay more than $1.5 billion in damages and an additional 300,000 euros ($330,000) in legal costs to Ukraine's largest state-owned bank, according to a press release.
Ukraine signed a major deal with U.S. company Swift Beat to co-produce various types of drones, President Volodymyr Zelensky announced on July 3 during his visit to Denmark.
Skyeton Prevail Solutions, a joint venture between Ukrainian drone manufacturer Skyeton and U.K.-based defense company Prevail Solutions, will supply the British Army with Raybird drones, the two companies announced on July 2.
Pornography production and distribution are illegal in Ukraine, with broad interpretations meaning even sharing nude photos can result in jail time.
If the Strait were mined, Iran could block one-fifth of global oil demand and spike world energy prices — a boon for Russia's oil-dependent economy.
The project remains a cornerstone of Russian-Turkish energy cooperation.
Grammarly, a company with Ukrainian roots, announced its intent to acquire AI email writing app Superhuman as part of its expansion into an AI productivity platform, the company said in a press release on July 1.
Russia has the capacity to launch as many as 500 Iranian-designed Shahed attack drones at Ukraine in a single attack, but doing so on a daily basis is not possible, Ukraine's military intelligence chief Kyrylo Budanov said on July 2.
According to the Berdiansk Municipal Military Administration, Russia's Federal Subsoil Resources Agency (Rosnedra) has announced plans to explore and possibly develop gas fields such as the Morske, Pivnichno-Kazantypske, and Skhidno-Kazantypske deposits.
As part of a new joint production program, new factories and weapons manufacturing facilities will be built in Ukraine and abroad, Defense Minister Rustem Umerov announced on July 1.
Ukraine boosted electricity exports by 150% in June 2025 compared to the previous month, reaching over 237,000 megawatt-hours (MWh), according to consulting firm ExPro Electricity.
Hans Braunfisch wants Americans to invest in Ukrainian startups, but there's a problem: there's no clear path for individual investors to put money into the more than 26,000 Ukrainian startups out there. The former PwC consultant plans to change that with Pravo Venture, a platform streamlining foreign investment for
Ukraine received approximately $500 million from the International Monetary Fund (IMF), marking the ninth tranche under the country's Extended Fund Facility program, the Ukrainian Ministry of Finance announced in a press release on July 1.
The manufacturer Brave1 has already codified the new rounds according to NATO standards. The goal is to supply every infantry soldier with a magazine of specialized ammunition for use in case of aerial threats.
According to Ukraine's military intelligence (HUR), the vessel belongs to Russia's shadow fleet, used by Moscow to evade sanctions.
Russian troops have taken over the site of one of Ukraine’s most valuable lithium deposits near the village of Shevchenko, Donetsk Oblast, as Russia ramps up its summer offensive. While Ukrainian troops control territories near the site, the deposit is now under Russian occupation, Roman Pohorilyi, founder of open-source
An LNG ice-class tanker has reportedly docked at Russia's Arctic LNG 2 facility for the first time since October, according to ship-tracking data and satellite images.
The 10 new locations will bring the total number close to 120 — more than were operating in Ukraine before the war.
The moratorium is intended to "protect businesses from any pressure by unscrupulous individuals in various government positions," the president said at the State and Business Forum in Kyiv on June 27.
Active fighting is still taking place around the village of Shevchenko in Donetsk Oblast, home to one of Ukraine's largest lithium deposits, a spokesperson for Ukraine's Khortytsia group of forces told the Kyiv Independent on June 27, denying reports Russia had occupied the village.
"It's a crime," Ukraine's ambassador to India, Oleksandr Polishchuk, told Reuters. "We will share our investigation with our European Union colleagues, and we will kindly ask them to take the appropriate measures."
Editor’s note: This is issue 31 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from June 17–June 24, 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
In a rare public sign that all is not well in Russia, two high-ranking Moscow officials last week issued separate warnings about the state of the country's economy. Russian Central Bank Governor Elvira Nabiullina and Economy Minister Maxim Reshetnikov both highlighted that amid the Kremlin's full-scale war against Ukraine, the
It took firefighters two days to extinguish the flames at Oleksiy Tarnopolskiy's warehouse in Kyiv after a Russian attack on June 10. Nothing inside could be saved from his tea and coffee business. Tarnopolskiy arrived on site to an "apocalyptic" scene at 5 a.m., one hour after a Russian
President Volodymyr Zelensky urged allies to scale up investments in joint weapons production, including drone technologies, artillery, and interceptors. He argued that Ukraine's defense capabilities are not only key to defending its own territory, but essential to strengthening NATO's long-term security.
Ukraine's largest private energy company DTEK and British clean energy group Octopus Energy have launched a program to install rooftop solar panels and battery storage systems at Ukrainian businesses and public institutions, DTEK announced in a press release on June 23.
According to President Volodymyr Zelensky, the sanctions are targeting "those who cooperate with the (Russian) occupier on our land," as they "help justify the aggression, consider it normal to make money in the occupation, and pay taxes" to Russia.
The new game is the first to focus on Russia’s war in Ukraine, featuring real battles and characters.
"We grew for two years at a fairly high pace because free resources were activated," Russia's Central Bank Governor Elvira Nabiullina said.
Editor’s note: This is issue 30 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from June 9–June 15, 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
According to Politico, the proposed plan would redirect the frozen Russian assets into a special investment fund under EU control, allowing for higher returns without confiscating the principal.
"According to current business perceptions, we are already, it seems, on the verge of a transition to a recession," Russian Economy Minister Maxim Reshetnikov said at the St. Petersburg International Economic Forum.
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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