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PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

by Toby Woodall

In response to Russia's full-scale invasion, PepsiCo announced it would suspend production and sales in Russia in March 2022 — and yet, last year it still paid $237 million in income tax to the Russian state. PepsiCo, one of the largest food and drink producers in the world, remains Russia's fourth-largest foreign business — with 60,000 workers and 19 factories still producing Pepsi Cola for Russian shelves under new names, Lyubimaya Cola and Evervess Cola. That continued presence means more m

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Another major corruption probe hits Zelensky's office, as investigators search his deputy chief of staff

Editor's note: This story is being updated. The National Anti-Corruption Bureau (NABU) is searching the premises of Iryna Mudra, a presidential deputy chief of staff, and Vadym Stolar, a member of parliament, a law enforcement source familiar with the investigation told the Kyiv Independent on Aug. 19. The latest investigation comes as the NABU steps up its anti-corruption efforts. It follows last year’s probe into state nuclear power monopoly Energoatom — the largest corruption investigation

Exclusive: Dismissed Ukrainian defense minister Fedorov mulls US visit, sources say

Former Defense Minister Mykhailo Fedorov is considering a trip to the United States, U.S. and Ukrainian officials familiar with the matter told the Kyiv Independent. The potential trip comes as Fedorov has emerged as a more outspoken critic of Ukraine's wartime political system. On Aug. 18, he called for Ukraine to find a way to restore a full democratic process while the war continues, advocating for elections. The trip could take place as soon as next week, one person said. It remains uncle

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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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Two large and heavily armed states locked in an existential armed struggle. Hundreds of thousands of casualties. Mass mobilization. Systematic long-range strike campaigns against the enemy's economy and infrastructure. Defense budgets swallowing huge proportions of state spending. All these factors evoke an image of "total war" — the kind of interstate conflict where state, society, and economy are all not only an active part of the war effort but also a target of enemy strikes. Russia's full-

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