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

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: Russia launches nearly 1,000 drones in one of war's largest assaults, killing 7 and injuring 55

Key developments on March 24: * Russia launches nearly 1,000 drones in one of war's largest assaults, killing 7 and injuring 55 * Ukraine 'liquidates' hitman working for Russia's GRU, thwarts plot to assassinate high-profile figures, SBU says * Train passenger killed after 'refusing to evacuate' during Russian drone attack in Kharkiv Oblast * Zelensky warns Iran war 'emboldening' Russia after Ukraine meets Trump officials Russia launched nearly 1,000 attack drones against Ukraine over the

Soros is out — Zelensky is in. Orban's party has new face for its old trick

Since Hungarian Prime Minister Viktor Orban returned to power 16 years ago, we have witnessed a dramatic change in his political stance towards Russia and the strengthening of Hungary's relationship with the Putin regime. The mouthpieces of the government and the propaganda machinery have moved from a critical position to open admiration towards the Russian strongman and the Russian Federation, which they see ready to take swift and decisive actions and describe as one of the last guardians of

Russia's push to ban Telegram will hinder its economy, war effort

“Why do you block the internet?” reads one of the comments under the latest post on Roskomnadzor’s official VKontakte social media page — a bland Women’s Day greeting from the very censorship agency leading Russia’s harshest crackdown on online communication in years. Russian authorities have set April as the target for finally blocking Telegram, one of the last popular international messenger apps still accessible in the country, and force users toward the Kremlin’s glitchy “national messenger

A mobile phone displays the Telegram app login page.

Kyiv’s Iranian diaspora living through nightmare of war in both homes

With air raid sirens and missile strikes part of daily life in Kyiv, many Iranians living in Ukraine found themselves watching another crisis unfold in their homeland — one that feels both distant and painfully familiar. Following the U.S. and Israeli war on Iran and the assassination of Supreme Leader Ali Khamenei, along with several senior figures of the regime, members of the small Iranian community in Kyiv say they are following events closely, balancing hope for political change with fear

A protest against Iran’s support for Russia’s aggression in Kyiv, Ukraine, on Oct. 28, 2022.

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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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