Key developments on Dec. 13: * Russia launches one of the largest aerial attacks on Ukraine's energy grid * Ukraine resisting Russian encirclement attempts at 4 Donetsk Oblast villages, military says * Ukraine's new Ground Forces chief announces reforms focused on personnel, tech * Russia mulls attacking Ukraine with Oreshnik nuclear-capable missile this weekend,
The Supreme Court of the Netherlands has rejected Russia's appeal, upholding a decision by the Hague Arbitration Court requiring Russia to pay $5 billion in compensation to Ukraine’s state-owned Naftogaz for misappropriated assets in occupied Crimea, Naftogaz reported on Dec. 13.
Russian President Vladimir Putin has called for urgent measures to support the country’s coal companies, which face multibillion-dollar losses and risk mass bankruptcies, The Moscow Times reported on Dec. 12.
The 35-nation IAEA Board of Governors passed a resolution condemning attacks on Ukraine's energy infrastructure but did not explicitly name Russia as responsible, Reuters reported on Dec. 12.
The region has recently faced energy restrictions aggravated by a growing spat with its Russian patrons. Moscow has cut almost all funding, including money crucial for the energy sector, after Abkhazia's local council voted against a controversial investment agreement with Russia.
The following is the Dec. 10, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. It’s a persistent problem with the drone supply to Ukrainian troops: Imported Chinese drones are often laden
On Dec. 10, a Russian drone struck and severely damaged an International Atomic Energy Agency (IAEA) service vehicle on its way to the Zaporizhzhia Nuclear Power Plant (ZNPP), President Volodymyr Zelensky reported.
As Ukraine begins yet another winter with rolling blackouts and freezing temperatures, businesses are increasingly looking beyond diesel generators to fuel their operations during power cuts, business leaders said at the Energy Security Dialogue 2024 on Dec. 4.
Editor’s Note: This is issue 156 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 25 – Dec. 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Cabinet approves the state ownership policy, a key document for SOEs’ corporate governance. On Nov. 29, the
With a deal to transport Russian gas through Ukraine expiring at the end of 2024, Ukraine’s gas transit network could soon come under Russian attacks, warned Dmytro Lyppa, CEO of the Gas Transmission System Operator of Ukraine.
The U.S. government is providing $46.1 million to purchase control systems and dozens of new transfers, while the European Commission pledged 62.8 million euros ($66 million) to restore 1.8GW of generating capacity and to protect power plant equipment from elements during the winter.
The following is the Nov. 20, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. After weeks spent in anticipation of Russia’s next mass attack on Ukraine, Moscow launched its latest, and
The Zaporizhzhia nuclear power plant is on the verge of a blackout after Russian shelling of power lines left the plant connected to only one line, the Energy Ministry reported on Nov 21.
Over nearly 1,000 days of full-scale war, Russia has attacked Ukraine’s energy system more than 1,000 times. Despite this relentless onslaught, Ukrainian power engineers have achieved a historic feat: maintaining energy supply stability by repeatedly repairing equipment, sometimes three or four times after consecutive strikes. This remarkable
Editor’s Note: This is issue 154 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 24-Nov. 17, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine’s energy infrastructure under attack, first in almost three months; power outage schedules are back. On Nov. 17, Ukraine’s
Russia targeted thermal power plants during a mass strike on the country's power grid on Nov. 17, dealing "serious damage," said the country's largest private energy company, DTEK.
The United States will partner with Ukraine to transition Ukraine's coal-fired plants to small modular nuclear reactors, and to use them to help decarbonize its steel industry, the countries announced on Nov. 16 at the U.N. Climate Change Conference in Baku, Azerbaijan.
Russia's Gazprom Export announced that its supply of natural gas to Austria is ending on Nov. 16, according to OMV, Austria's largest gas supply company.
Ukraine relies on nuclear power for more than half of its energy production, which is increasingly in demand amid Russia's attacks on Ukraine's energy infrastructure.
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
The fields supplying the plant pumped an average of 0.4 million cubic meters of gas per day in the first ten days of November, Bloomberg reported, citing a person with knowledge of industry data.
No deal is currently on the table between Europe and Azerbaijan to keep gas flowing through Ukraine once a transit deal with Russia expires at the end of the year, despite reports a contract was nearing, CEO of Ukrainian state-owned oil and gas giant Naftogaz said.
The ReBuild Ukraine 4.0 conference will convene on November 13-14, 2024, in Warsaw, Poland, Odesa Journal reported on Nov. 6.
During a visit to Kyiv on Nov. 4, German Foreign Minister Annalena Baerbock announced that the country will provide 200 million euros ($217 million) in humanitarian winter aid, as Ukraine prepares for more Russian attacks against energy infrastructure.
Ukraine is not holding direct talks with Russia on an energy ceasefire but is open to a third country mediating the implementation of the peace formula, said Andriy Yermak, the head of Ukraine's Presidential Office, in a televised interview on Nov. 4.
The following is the Oct. 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Companies in Ukraine that were expecting to be able to “reserve” their employees to shield them from military
Editor’s Note: This is issue 152 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 13-24, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On Oct. 18, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
The denial comes a day after the Financial Times reported that Ukraine and Russia are resuming discussions about halting the strikes on each other's energy infrastructure after the talks abruptly ended in August following Ukraine's Kursk incursion.
Ukraine and Russia are reportedly holding preliminary discussions about stopping attacks on each other's energy infrastructure, the Financial Times reported on Oct. 29.
If Russia continues its onslaught of attacks against critical energy infrastructure as it did in 2023, then Ukrainians may face up to eight hours of power outages on the most "critical" days, Brekht said.
Norway has increased its total support for Ukraine’s energy sector to 3 billion kroner (around $274.2 million) as part of its broader aid plan, according to the Norwegian Ministry of Foreign Affairs.
Ukrainian air defenses downed 22 of the 65 attack drones launched overnight, the Air Force reported. Two drones flew in the direction of Belarus, and 27 were lost to electronic warfare means.
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