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burning auto parts warehouse following an air attack in Kyiv, Ukraine, on Sept. 2, 2026.
Business

As Russia targets Ukraine’s economy, keeping businesses alive takes priority

by Dominic Culverwell

As Russian attacks on Ukraine's businesses escalate, the government's push to attract investment to Ukraine's wartime economy is coming up against a more immediate challenge: keeping businesses alive at all. "When the attacks started, we realized that the challenge was about more than raising investment. It's also about keeping supply chains and businesses going, like pharmacies, food and retail goods that are needed to survive," Deputy Economy Minister Yegor Perelygin told the Kyiv Independent

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Ukraine war latest: Russia's oil refining capacity falls as damage from Moscow strikes sets in

Key developments on Sept. 21: * Russia's total oil refining capacity down 45% after mass attack on Moscow * Exclusive: EU readies biggest-ever sanctions package targeting Russia's war machine * Russia 'lost control' of its oil refining industry due to Ukraine's attacks, Trump says ahead of Zelensky meeting * 69% of Russian soldiers on Zaporizhzhia front line have criminal records, Ukrainian military says * Ukraine's Culture Ministry announces major fundraising initiative to help publishers

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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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All of the EU's 3,000 sanctions against individuals helping Russia's war effort could be extinguished overnight if Brussels, Paris, and Azerbaijan fail to find a compromise by Sept. 21, EU diplomats told the Kyiv Independent. The EU is set to renew the sanctions against Russia-linked individuals on Sept. 21. The package accounts for about half of the EU's total sanctions listings. Given that Russia has not changed its behavior towards Ukraine since 2022, the vote to renew sanctions against tho

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