With economic activity expected to contract in 2026 for the first time since the start of Russia’s full-scale invasion, continued Western funding will be increasingly important to sustaining Ukraine’s defense and keeping the state functioning, a report by Bloomberg found.
The power supply situation was most difficult in Dnipropetrovsk and Kyiv oblasts following Russian attacks, the Energy Ministry said.
British helicopters tracked a Russian intelligence ship, Viktor Leonov, as it was "closely monitoring" NATO military drills off the coast of Scotland, the Royal Navy said.
Russia used the humanitarian ceasefire in Oleshky to rotate soldiers, improve fighting positions, expand anti-drone netting on key logistics routes, and resupply soldiers with ammunition, Ukraine's General Staff said on Nov. 2.
Ukraine's air raid alert system was hacked late on Nov. 1, the Air Force said as sirens sounded across the country, falsely notifying people of nuclear, chemical, and street fighting threats.
The European Union is unlikely to accept a U.S. proposal to resume Russian gas deliveries to Europe through Ukraine, EU officials told the Kyiv Independent, despite Washington's belief that the scheme could help secure a ceasefire and provide economic benefits to Kyiv. The proposal would allow Russia to resume gas exports to Europe through a U.S. intermediary, potentially generating transit revenue for Ukraine while offering European consumers access to Russian gas. But the plan faces a major
With economic activity expected to contract in 2026 for the first time since the start of Russia’s full-scale invasion, continued Western funding will be increasingly important to sustaining Ukraine’s defense and keeping the state functioning, a report by Bloomberg found.
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.
U.S. Secretary of State Marco Rubio expressed uncertainty about whether a negotiated peace deal between Ukraine and Russia is possible, speaking at a G20 foreign ministers meeting on Oct. 31.
