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What's a FOP, and why are the IMF and Ukraine fighting over it?
Business

What's a FOP, and why are the IMF and Ukraine fighting over it?

by Liliane Bivings

Editor's note: A version of this article first appeared in the Ukraine Business Roundup, our weekly newsletter on what's shaping Ukraine's businesses and economy. Sign up here. After months of failing to pass a range of measures needed to unlock billions in stalled donor funding, Ukraine’s parliament made a small dent in the long list of reforms this week. But there was one piece of regulation conspicuously absent from the agenda. As part of a new $8.1 billion International Monetary Fund loan

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Investigation: Western companies miss deadline to exit Russia’s main drone production site

Manufacturers from Belgium, Germany, Switzerland, France, and the U.S. continue operating in the Alabuga Special Economic Zone, where Russia produces thousands of Shahed drones capable of reaching the EU. A huge industrial site in Tatarstan, a region in central Russia, has gained notoriety for its outsized role in Russia's war against Ukraine. The site, known as the Alabuga Special Economic Zone (SEZ), is Russia's main facility for producing Shaheds, its primary long-range attack drones used i

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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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