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'Clearing up the mess' — Ukraine's oil and gas giant gets new supervisory board
The new board comes amid a renewed push to reform Ukraine’s state-owned enterprises, which dominate the energy, banking, and infrastructure sectors.
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Monday, March 2
Macron unveils expansion of France’s nuclear arsenal, opens door to European deterrence cooperation
Speaking at the L’Île Longue naval base in northwestern France — home to the country’s ballistic missile submarines — Macron argued that Europe must assume a more autonomous role in its own defense amid Russia’s war against Ukraine and shifting U.S. strategic priorities.
Explainer: As Zelensky backs Trump's war against Iran, how will it impact Ukraine?
Ukrainian President Volodymyr Zelensky was one of the first world leaders to back the ongoing U.S.-Israeli war against Iran, which started on Feb. 28. For Ukraine, the choice was logical: Iran is a Kremlin ally that has backed Russia's aggression against Ukraine and supplied drones to Moscow. Moreover, Zelensky is seeking to curry favor with U.S. President Donald Trump and show that Ukraine is a reliable ally, analysts say. "We support the United States in this operation in order to demonstra
Ukraine War Latest: Ukraine captured more territory than it lost to Russia over February 2026, Syrskyi says
Key Developments on March 2: * Ukraine captured more territory than it lost to Russia over February 2026, Syrskyi says * US deploys LUCAS kamikaze drones against Iran 'for first time in combat' * 70% of Ukrainians skeptical US-Ukraine-Russia talks will bring lasting peace, poll shows * Russian drone hits passenger train in Dnipropetrovsk Oblast, 1 killed, 10 injured Ukrainian forces captured more territory in February 2026 than Russian forces were able to occupy in the same period, Ukraini
Ukrainians who fled war find themselves facing new uncertainty in the Middle East
Ukrainians in Dubai and elsewhere in the UAE said Middle East airspace closures and security fears have revived the anxieties they fled at home, leaving some stranded as Kyiv seeks assurances for their protection. Pol
What an Iran oil spike would mean for Russia
As markets opened on March 2, Russian officials were quick to frame the escalating Middle East crisis as an economic opportunity for the Kremlin. Within hours of the first U.S. and Israeli strikes, Russian Envoy Kirill Dmitriev quickly posted on X about crude potentially hitting "$100+" per barrel. Brent crude futures on the London ICE exchange initially had risen 13.04%, peaking at $82.37 per barrel — the highest level in over a year. Prices later eased to $79.38. The spike followed Iran's M
'This issue concerns us' — Zelensky warns Middle East war could strain Ukraine air defense supplies
Zelensky said Ukraine has seen no signs of a PAC-3 interceptor shortage so far, but warned that a prolonged Middle East war and intense fighting could strain air defense supplies.
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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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Russia's image as a reliable ally has suffered yet another blow as Supreme Leader Ayatollah Ali Khamenei was killed in joint U.S.–Israeli strikes across Iran on Feb. 28, marking a fresh outbreak of hostilities in the Middle East. So far, Moscow's response to the U.S.–Israeli bombardment of hundreds of targets in Iran has been limited to diplomatic support for Tehran, even as U.S. President Donald Trump has openly called for a change of regime. The latest development highlights Iran's junior ro
