Old Patterns, New Stories: A new collection inspired by Kyiv’s embroidery

Shop Now

Business news

Created in collaboration between Kyiv Independent and KPMG Ukraine Gateway
An investor’s guide to
UKRAINE
Learn more
A Pepsi logo is displayed in English and Russian in Moscow, Russia, undated.
Business

PepsiCo said it would leave Russia. Last year, it paid $237 million to the state

by Toby Woodall

In response to Russia's full-scale invasion, PepsiCo announced it would suspend production and sales in Russia in March 2022 — and yet, last year it still paid $237 million in income tax to the Russian state. PepsiCo, one of the largest food and drink producers in the world, remains Russia's fourth-largest foreign business — with 60,000 workers and 19 factories still producing Pepsi Cola for Russian shelves under new names, Lyubimaya Cola and Evervess Cola. That continued presence means more m

News Feed

As Russia turns to jet-powered drones, Ukraine scrambles for new interceptor tech

For residents of Kyiv, it was a particularly dark day. Already reeling from a massive Russian aerial bombardment overnight on Aug. 20 that killed 15 people, the daylight hours saw a steady stream of drones target the capital, claiming the lives of a further two. A grim soundtrack of air raid sirens and periodic explosions marked what appears to be one of the latest stages in the ever-evolving air war — Russia's escalating use of jet-powered Shahed-type drones. "In July, there were five times a

A Ukrainian serviceman watches a P1-Sun interceptor drone fly in Kharkiv Oblast on May 20, 2026.

About Business

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.

News Feed