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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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Wednesday, March 4
Ukraine's experience priceless as Iran war sees long-range strike drones go global
The Trump administration's move to launch a large-scale strike operation in Iran has seen state-on-state war return to the Middle East with a vengeance. Hours after the first U.S. and Israeli strikes began hitting the country on Feb. 28, Tehran — despite its leadership being decapitated on the first day of the fighting — retaliated with large scale missile and drone attacks across the region, with a focus on U.S. military bases and embassies. On top of its arsenal of ballistic missiles, Iran
BREAKING: NATO intercepts Iranian missile heading toward Turkey in first such incident
"We reserve the right to respond to any hostile attitude towards our country," Turkey's Defense Ministry said.
'The attack was organized by Russia' — Suspected terrorist strike in Lviv kills 2, injures 24
A woman has been arrested in connection to a suspected terrorist attack that killed a police officer and injured 25 others in the Western city of Lviv in the early hours of Sunday morning, Ukrainian authorities said.
Russia continues to escalate drone attacks on passenger trains, railway infrastructure
Russian drone hit two passenger trains in just one day.
Putin to host Hungary's FM to discuss Budapest-Kyiv rift over Druzhba pipeline
Kremlin spokesperson Dmitry Peskov expressed support for Slovakia and Hungary in the dispute over the Druzhba oil pipeline, accusing Ukraine of "blackmail."
Russian tanker on fire in Mediterranean Sea, Moscow accuses Ukraine of sea drone attack
A Russian-flagged liquified natural gas (LNG) tanker, the Arctic Metagaz, has reportedly caught fire in the Mediterranean Sea, multiple media outlets reported on March 3.
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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
