A drop in shipping activity at the Baltic Sea port appears to back up the SBU's claims that Ukrainian drones struck the Andreapol oil pumping station, shutting down the main pipeline that feeds Ust-Luga.
Huless, a Ukrainian company developing tethered drone systems, secured over $1 million in private financing, loans, and a grant from Ukrainian Defense Tech cluster Brave1, the company said in a press release on Jan. 30.
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
Ukraine's largest private delivery company Nova Poshta invested Hr 1.8 billion ($43 million) to expand its Ukrainian network in 2024, a 35% increase from 2023, the company announced on social media.
Kerimov's investment in SpaceX reportedly began in 2017 through Heritage Trust, a financial structure managed by Citigroup. SpaceX was valued at $21 billion at the time, meaning his 1% stake could have been worth around $210 million.
The court immobilized a large consignment of industrial products and raw materials stored in the warehouses of the Mykolaiv Alumina Plant, which a Russian oligarch previously owned.
From 1990 until 2020, Roman Abramovich invested about $6 billion in Keygrove Holdings Ltd, a company registered in the British Virgin Islands.
The proposal's advocates, including Hungarian and German officials, argue that the move could give both Russia and Europe incentives to maintain a ceasefire while stabilizing the continent's energy market, the Financial Times wrote.
Within the last six months, 93 companies in Ukraine have removed signs of Russian ownership and continue to do business in the country, despite a moratorium on altering the registration of companies with Russian owners, the monitoring service Opendatabot reported.
The sanctions will also cut off more Russian banks from the SWIFT banking system, and target an additional 70 vessels suspected to be part of Russia’s "shadow-fleet."
Editor’s note: This is issue 11 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 13–19, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
The disruption has led to stalled trade in Russian crude loaded for March delivery as rising shipping costs created a significant price gap between buyers and sellers, according to Reuters.
The discussions at the World Economic Forum in Davos were a stark reminder of how interconnected the global economy is, and how Ukraine’s stability — or lack thereof — affects us all. From military aid to economic sanctions, the steps we take now will shape the future not just for Ukraine,
While the European Commission allegedly does not plan to reinstate pre-war trade rules, it is considering alternatives within the Deep and Comprehensive Free Trade Area (DCFTA) framework, including quotas for agricultural products and additional safeguards.
“We’re at yet another turning point,” Ukrainian President Volodymyr Zelensky told global leaders in Davos last week, “which some see as a problem for Europe, but others call a chance. Europe must establish itself as a strong global player, as an indispensable player.” Zelensky is completely right. He is
Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. On Truth Social last week, he called on Russian President Vladimir Putin to “settle now and STOP this ridiculous War! IT’S ONLY GOING TO GET WORSE,” adding,
Germany's imports of Russian liquified natural gas (LNG) via other EU countries continue to rise despite efforts to cut off direct shipments, the Financial Times wrote on Jan. 28, citing a report by Belgian, German, and Ukrainian NGOs.
Russian-Israeli oligarch Roman Abramovich evaded millions in taxes in EU countries through a fake yacht-for-hire scheme, according to a joint investigation by the BBC, The Guardian, and The Bureau of Investigative Journalism published on Jan. 28.
"This will continue to deprive Moscow of revenues to finance its war. Russia needs to pay for the damage they are causing," EU chief diplomat Kaja Kallas said.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Jan. 27-Feb. 2. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The 9-year terms of three Constitutional Court judges will
Over the last week, Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First, Win With Us.” The message set the tone for
In 2024, 233 generating units with a total capacity of over 830 MW were connected, including gas turbines, pistons, and cogeneration units.
Ukraine's National Bank (NBU) announced on Jan. 23 that it will raise the key policy rate from 13.5% to 14.5% per annum starting from Jan. 24, 2025.
Russia's domestic economic operations have recently suffered due to labor shortages and high interest rates introduced to curb inflation.
After the country's tax service sent out requests to Ukrainian citizens who earn money on the platform, 451 people sent in declarations totaling Hr 326.1 million ($7.76 million) for the period of 2020-2022, Ekonomichna Pravda reported on Jan. 22, citing information requested from the country's tax service.
"The commitment is the largest private sector investment in Ukraine since russia’s full-scale invasion in 2022 and the biggest ever private investment in Ukraine’s energy sector," DTEK said in a press release.
Join our exclusive KI Insights Monthly Briefing to gain critical perspectives on the highly anticipated Ukrainian elections (whenever they occur). We will analyze key potential players, what to expect from their platforms, and reflect on broader implications for the country's future. Whether you are following Ukrainian politics closely or seeking
President Volodymyr Zelensky met leading American and European executives and business leaders at the World Economic Forum in Davos, Switzerland, on Jan. 22, emphasizing Ukraine's investment potential and the importance of international support in achieving a just peace.
Hours after taking office, U.S. President Donald Trump put a stop on U.S. foreign development assistance for 90 days to review and ensure it aligns with the new administration's policy. Ukraine tops the recipient list of U.S. development assistance, receiving over $17 billion in economic aid in
Vladimir Kiriyenko, son of Russian President Vladimir Putin’s Deputy Chief of Staff Sergei Kiriyenko, has continued making investments in the West through offshore companies despite sanctions, The Moscow Times reported on Jan. 21.
Following the new restrictions, financial institutions in India began blocking payments for Russian crude, Energy Intelligence reported. India is currently the leading importer of Russian oil.
Germany's KNDS Deutschland, a manufacturer of Leopard 2 tanks, has officially opened a joint venture with a Ukrainian defense company, Ukraine's Strategic Industries Minister Herman Smetanin reported on Jan. 21.
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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