"You can be assured that the Biden administration is going to continue to tighten the screws against Russia’s LNG exports," Jeffrey Pyatt, assistant Secretary of State for Energy Resources, said.
Ukraine is still far from an investor's paradise, but increasingly valuable business deals are being signed in the war-torn country this year. In the first nine months of 2024, there were 36 Ukrainian mergers and acquisitions (M&As) with a total estimated value of $643 million, according to a new
Editor’s note: This is issue 78 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 14- Oct. 20, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
The Financial Action Task Force (FATF) meets tomorrow, Oct. 22, and is expected to once again debate Russia’s blacklisting. That Russia, a clear state sponsor of terrorism, hasn’t been ousted from an intergovernmental body that sets global standards to combat terrorist financing, money laundering, and related financial crimes,
General Major Oleh Huliak replaced Herman Smetanin, who became the head of the Strategic Industries Ministry as part of the biggest wartime government reshuffle in September.
According to the drone's developers, the Wild Hornets group, "Sting" will be able to fly at altitudes approaching 10,000 feet, with a speed of over 100 miles per hour. It is the first drone specifically developed to target Russia's arsenal of Shaheds.
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Editor’s note: This is issue 77 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 7- Oct. 13, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with
Editor’s Note: This is issue 151 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 6-12, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrzaliznytsia’s CEO Yevhen Liashchenko filed a resignation letter, the company’s supervisory board said on Oct. 7. The board
Commander-in-Chief Oleksandr Syrskyi called Ukraine the leader in the development of interceptor drones.
The European Council reiterated it would adhere to the "security and defense policy" of "certain member states" regarding the use of revenues generated from the frozen assets, and added it would continue to "address all relevant legal and financial aspects."
The legislation, approved by the parliament last month, was pushed through after prolonged pressure from Western partners and Ukrainian business associations. The reform is also a necessary step toward Kyiv's accession to the EU.
Pokrovske coal mine, the largest coking coal producer in Ukraine and one of the largest in Eastern Europe, is located 10 km (6 miles) west of Pokrovsk.
The following is the Oct. 15, 2024 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. Ukraine is set to face its toughest winter since the start of the invasion as Russia eyes cutting
Saudi Arabia’s planned oil production hike may not break Russia’s petro-export-fueled economy, but escalations between Israel and Iran could be a gold rush for Moscow. Since late 2022, the OPEC oil cartel, of which Russia is a member, has withheld oil production and exports to prevent a surplus
Ukraine's state-owned energy company Ukrenergo said later during the day that the outages were caused by unspecified "technical reasons" and that the repairs are underway. The energy supply should resume "within hours."
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Budapest and Russia's state-owned gas company Gazprom are in talks on additional purchases of gas next year, Hungarian Foreign Minister Peter Szijjarto said in an interview with Kremlin-run RIA Novosti published on Oct. 15.
At a time when state coffers are starving for money to fund Ukraine’s survival, illegal smuggling is costing the country billions of dollars a year in lost tax payments. Through bribery or lying, smugglers avoid an estimated $2.4 to $3 billion in customs payments each year as they
Russia's "shadow fleet" of older and poorly insured tankers transports 70% of the country's seaborne exports, according to an analysis published by the Kyiv School of Economics (KSE) Insititute on Oct. 14.
The attack damaged two civilian vessels — NS Moon flying the flag of Belize and the Palau-flagged OPTIMA, Odesa Oblast Governor Oleh Kiper said. Russia targeted the latter last week on Oct. 7.
Ukraine is set to face its toughest winter since the start of the full-scale invasion as Russia eyes cutting off its nuclear power after already bombing out capacity from half of its electricity generation sector in large-scale air strikes. For now, Russia is not directly striking the plants with missiles
The funding will come from the U.S., Japan, and Canada, sources told Reuters, adding that it will be backed by interest generated from frozen Russian assets.
"Looking at a future of peace and prosperity also means looking at reconstruction, and I am happy to announce that the 'Ukraine Recovery Conference' will be held in Rome on 10 and 11 July 2025," Italian Prime Minister Giorgia Meloni said.
War risk insurance premiums for vessels traversing Ukraine’s shipping corridor in the Black Sea have increased by about 33 per cent following Russia's recent attacks on foreign ships, Bloomberg reported on Oct. 10, citing sources in the market.
The European Bank for Reconstruction and Development and the International Finance Corporation on Oct. 10 said they would provide $435 million to finance a recently merged Ukrainian telecoms company. The funding is part of a deal — led by French billionaire Xavier Niel — that represents the largest foreign direct investment in
The European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) provided $435 million long-term debt for Datagroup-Volia-Lifecell, a recently merged Ukrainian telecom company, to improve telecoms service quality, the EBRD said on Oct. 10.
Unilever concluded the sale of its business and four factories in Russia and Belarus for an undisclosed amount to Arnest Group, a Russian manufacturer, the company announced on Oct. 10.
According to Anduril, their new drones will be capable of flying for 40 minutes and covering a range of 20 kilometers (12 miles).
According to opposition lawmaker Yaroslav Zhelezniak, the version of the bill adopted in the second reading saw several changes.
The following is the Oct. 8, 2024 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. Public reactions, particularly from the business community, to increasing taxes continue to mount as the bill makes its
In late summer of 2022, Lunca Bar owner Yehor Lohvynovskyi and his team were taking a walk in central Kyiv when they spotted an empty courtyard — “We should open a bar here!” one of his coworkers said half-jokingly. None of them knew at the time that the joke would turn
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.
