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US makes major wartime bet on Ukraine’s largest private energy company with 85 million euro investment
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US makes major wartime bet on Ukraine’s largest private energy company with 85 million euro investment

by Dominic Culverwell

Ukraine’s biggest private energy firm, DTEK, has secured an 85 million euro ($97 million) loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16. With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increasingly searched for investors to

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'Sanctions from Hell' — Can West finally choke off Kremlin's war machine?

The U.S. House of Representatives just voted on sweeping new sanctions aimed at putting further pressure on Russia's economy and its war machine, including measures targeting Moscow's energy sector, defense industry, "shadow fleet" and foreign networks helping it evade sanctions. The effectiveness of these measures, however, will ultimately depend on how consistently they are enforced and how actively and responsibly U.S. President Donald Trump uses the authorities they provide. The legislatio

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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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