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Exclusive: The minerals deal that sparked backlash is now backing Ukraine’s drone edge
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Exclusive: The minerals deal that sparked backlash is now backing Ukraine’s drone edge

by Liliane Bivings

Just over a year after a dramatic Oval Office clash derailed the now-infamous "minerals deal," the fund it spawned is making its first move, backing Ukraine's defense tech sector as global conflicts intensify. The first of three investments planned this year by the fund — officially known as the U.S.-Ukraine Reconstruction Investment Fund — will go to Sine Engineering, a Ukrainian dual-use military technology company, two people familiar with the deal told the Kyiv Independent. The deal is exp

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Ukraine war latest: Ukraine hits Russia's key Baltic Sea oil port, Bashkortostan oil refinery, General Staff confirms

Key developments on March 23: * Ukraine hits Russia's key Baltic Sea oil port, Bashkortostan oil refinery, General Staff confirms * Ukrainian defense tech firm lands first US-Ukraine 'minerals fund' deal * Ukraine has 'irrefutable evidence' of Russia providing intelligence to Iran, Zelensky says * Ukraine names Hungarian officer allegedly behind spy network busted in 2025 Ukrainian forces targeted the Transneft oil terminal at the port of Primorsk in Leningrad Oblast and the Bashneft-Ufane

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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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