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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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Thursday, March 5
Iranian drones hit airport in Azerbaijan as Middle East war escalates
The Azerbaijani Foreign Ministry said one drone hit the terminal building at Nakhchivan International Airport, while another landed near a school in Shakarabad, a village near the airport, at around midday local time.
At least 7 killed, 25 injured in Russian attacks on Ukraine over past day
Russian forces launched 155 different types of drones against Ukraine overnight, of which roughly 100 were Shahed, the Air Force said on March 5. It reported downing 136 of them.
General Staff: Russia has lost 1,270,400 troops in Ukraine since Feb. 24, 2022
The number includes 900 casualties that Russian forces suffered over the past day.
Slovakia's Prime Minister claims he has secret satellite imagery showing Druzhba pipeline not damaged
Slovak Prime Minister Robert Fico on March 4 claimed he has satellite imagery proving that the Druzhba oil pipeline is not damaged.
Trilateral peace talks on hold as Ukraine waits for US amid Iran war, Zelensky says
Trilateral peace talks between Ukraine, Russia, and the U.S. are on hold due to the war between Washington and Tehran, President Volodymyr Zelensky said March 4.
In the Middle East, chaos is Putin's new ally
If anyone was worried that Russia was going to intervene on behalf of its ally Iran in the new Middle East conflict, they need not be. Vladimir Putin's response to the massive U.S.-Israeli campaign against Iran — and even the Israeli strike that killed Ayatollah Ali Khamenei, Iran's longtime Supreme Leader — was at best bland. He called the U.S. and Israeli strikes "cynical" and murderous, but issued neither threats, nor red lines, nor commitments to help Iran. To understand Putin's restraint,
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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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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
