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Economy

Ukraine Business Roundup — Tariff war

Ukraine Business Roundup — Tariff war

by Dominic Culverwell

The following is the April 9, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Trump shocked the world on April 2 when he announced what he dubbed “Liberation Day,” slapping tariffs

Ukraine Reforms Tracker Weekly — Issue 20

Ukraine Reforms Tracker Weekly — Issue 20

by Yaroslav Zhelezniak

Editor’s note: This is issue 20 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 24–April 6, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks

U.S. President Donald Trump in Washington, D.C., U.S. on April 3, 2025.

Mineral diplomacy or modern-day extortion in Ukraine?

by Andrew Bogrand

Eleven years ago, Russia seized Ukrainian territory by force. Three years ago, Russia launched a full-scale invasion of Ukraine. Today, Ukraine faces a new threat to its sovereignty: U.S. President Donald Trump’s demand that the country hand over a significant amount of its mineral wealth or face the

Ukraine Reforms Tracker Weekly — Issue 19

Ukraine Reforms Tracker Weekly — Issue 19

by Yaroslav Zhelezniak

Editor’s note: This is issue 19 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 17–23, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and

Ukraine Reforms Tracker Weekly — Issue 18

Ukraine Reforms Tracker Weekly — Issue 18

by Yaroslav Zhelezniak

Editor’s note: This is issue 18 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from March 10–16, 2025. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and

Ukraine’s Economy

Russia’s 10-year war of aggression against Ukraine has caused widespread and long-lasting damage to the country’s economy. Positive growth predictions were squashed following Russia’s annexation of Crimea and invasion of Ukraine’s eastern Donbas region in 2014. Then came Russia’s full-scale invasion in February 2022, wreaking havoc on an economy that had just started to recover following the Covid-19 pandemic. The country’s financial sector and economy have proved resilient throughout Russia’s full-scale invasion, bouncing back in 2023, although the economy is still around a third smaller than its pre-war level.

News Feed

6:54 PM

Mariupol defender appointed commander of Azov Brigade amid military reform.

Following the start of Russia's full-scale war in 2022, Hrishenkov defended Mariupol, where he was injured. After 86 days of defending the encircled city under heavy Russian bombardment, he and about 2,500 other fighters left the Azovstal steel plant after Ukrainian commanders ordered the defending garrison to lay down their arms.
6:21 PM

4 days of hunting Russian drones.

The Kyiv Independent contributor Ignatius Ivlev-Yorke spent four days following an air defense unit guarding the skies over a region in eastern Ukraine, seeing how they live, work, and save civilians from the dozens of Russian drones flying toward Ukrainian cities each night.
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