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Europe has become the U.S.'s main customer of weapons since 2020.
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Chart of the week: Europe doubles down on US weapons as Russian threat grows

by Luca Léry Moffat

Editor's note: An earlier version of this article stated that there was no public systemic accounting of U.S. weapons sales. It has been updated to state that data on weapons sales is limited. The United States is the biggest exporter of military equipment in the world. But who’s buying? Data on weapons sales is often scarce, with a limited level of detail. A new dataset from the Brussels-based think tank Bruegel released last week helps to fill that gap, revealing a sharp increase in European

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Biggest corruption scandal of Zelensky’s presidency is in his own ranks

During his presidential campaign, Volodymyr Zelensky highlighted two key failings of then-President Petro Poroshenko: corruption and nepotism. Six years into his own presidency, Zelensky has found himself on the receiving end of the exact same criticism, drowning in a corruption scandal. These days, Ukraine is being rocked by the largest corruption scandal of Zelensky’s term. At its center is a close associate of Zelensky — Timur Mindich, his former business partner, co-owner of the Kvartal 95

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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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Get more news like this directly to your inbox every week by subscribing to our Ukraine Business Roundup newsletter. A London court ordered Ukrainian oligarchs Ihor Kolomoisky and Hennadiy Boholyubov to pay more than $3 billion in damages and costs on Nov. 10, marking a major milestone in an almost decade-long saga revolving around once Ukraine's most powerful oligarch. The decision concerns a case involving Ukraine's largest bank, PrivatBank, which the two oligarchs owned before it was nation

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