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'Clearing up the mess' — Ukraine's oil and gas giant gets new supervisory board
The new board comes amid a renewed push to reform Ukraine’s state-owned enterprises, which dominate the energy, banking, and infrastructure sectors.
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Wednesday, March 4
Putin releases 2 Hungarians captured fighting for Ukraine after Szijjarto talks
"As requested by (Hungarian Prime Minister Viktor Orban), you may take them with you directly onto the plane that brought you here," Russian President Vladimir Putin said.
It is time to sanction Rosatom and target Russia's military core
For four years, Russia's state nuclear corporation Rosatom has remained a huge "elephant in the room" as no country, except Ukraine, has imposed a comprehensive package of sanctions against it. Rosatom continues to supply enriched uranium and fuel assemblies to Soviet-designed reactors in Bulgaria, the Czech Republic, Hungary, and Slovakia under long-standing contracts. In Hungary, the company serves as a principal contractor in the country's nuclear expansion. In February, construction formall
NATO intercepts Iranian missile heading toward Turkey in first such incident
"We reserve the right to respond to any hostile attitude towards our country," Turkey's Defense Ministry said.
3 Russian ships hit, 3 sailors killed in Ukrainian strike on Black Sea port, SBU source says
"There are no 'protected areas' for Russian military facilities," a source in the Security Service of Ukraine (SBU) told the Kyiv Independent.
Ukraine's experience priceless as Iran war sees long-range strike drones go global
The Trump administration's move to launch a large-scale strike operation in Iran has seen state-on-state war return to the Middle East with a vengeance. Hours after the first U.S. and Israeli strikes began hitting the country on Feb. 28, Tehran — despite its leadership being decapitated on the first day of the fighting — retaliated with large scale missile and drone attacks across the region, with a focus on U.S. military bases and embassies. On top of its arsenal of ballistic missiles, Iran
'The attack was organized by Russia' — Suspected terrorist strike in Lviv kills 2, injures 24
A woman has been arrested in connection to a suspected terrorist attack that killed a police officer and injured 25 others in the Western city of Lviv in the early hours of Sunday morning, Ukrainian authorities said.
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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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As markets opened on March 2, Russian officials were quick to frame the escalating Middle East crisis as an economic opportunity for the Kremlin. Within hours of the first U.S. and Israeli strikes, Russian Envoy Kirill Dmitriev quickly posted on X about crude potentially hitting "$100+" per barrel. Brent crude futures on the London ICE exchange initially had risen 13.04%, peaking at $82.37 per barrel — the highest level in over a year. Prices later eased to $79.38. The spike followed Iran's M
