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cargo ship Algrace anchors on the Danube River near the port of Izmail, Odesa Oblast, Ukraine, on July 27, 2023
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Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

by Luca Léry Moffat

Leaked internal documents obtained by the Kyiv Independent suggest one of Ukraine's largest state-owned shipping companies is being run into the ground and may be under the influence of external interests — offering a rare look at the governance failures that continue to plague the country's state-owned enterprises. In early May, the chairman of the Ukrainian Danube Shipping Company's (UDP) supervisory board sent a lengthy letter to Ukraine's parliament. In it, he sounds the alarm over a severe

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US, Iran trade strikes as Trump declares ceasefire 'over'

The United States renewed its strikes on Iran's military infrastructure, striking approximately 90 targets overnight on July 8-9, as U.S. President Donald Trump announced a fragile ceasefire between the warring parties "over."

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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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