Business
Ukraine's central bank slashes growth outlook amid Iran fallout
The bank forecast 1.8% growth in 2026 for Ukraine in January, but announced the drop to 1.3% on April 30 during a press conference to announce its key policy rate.
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Friday, May 1
Russia's Leningrad Oblast 'now a frontline region,' local governor says following recent Ukrainian attacks
Ukraine has intensified its attack on oil infrastructure in Leningrad Oblast, primarily targeting oil terminals in the port cities of Ust-Luga and Primorsk.
Friday, May 1
Russia's battered Tuapse oil refinery hit by Ukrainian drones for 4th time, reigniting fires
The facility on the Black Sea Coast was previously hit three times in two weeks, causing heavy damage to the refinery and triggering a state of emergency in the city.
Israel turns away ship with stolen Ukrainian grain in win for Kyiv
"The Russian supplier of the cargo will have to find an alternative destination to unload it," Israel's Grain Importers Association said.
Kyiv to buy 8,000 Octopus interceptor drones for Ukrainian military
The Octopus is a Ukrainian-made self-guided interceptor designed to take down Shahed-type strike drones.
American general confirms Russia aiding Iran in war with US
U.S. General Dan Caine, chairman of the Joint Chiefs of Staff, told the Senate Armed Services Committee Russia was "definitely" acting to support Iran, but declined to provide details in a public hearing.
Ukraine launches arms-buying agencies coalition with European allies, signaling path to arms exports
The initiative will initially focus on information sharing between Ukraine and partner procurement bodies, with the possibility of expanding into joint procurement mechanisms in the future.
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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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Tuapse has faced intensified strikes in recent days, including strikes on an oil refinery on April 20 and April 16, leaving multi-day fires burning in the Russian town.
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