The 5.7-kilometer deviated well was drilled and commissioned six weeks ahead of schedule as Ukraine works to boost domestic production amid Russian attacks on its energy infrastructure, including gas storage facilities in western Ukraine.
Ukraine's Cabinet of Ministers rejected a nominee to lead the economic crimes agency, drawing swift criticism from lawmakers and businesses over alleged interference in the selection process.
This week, thousands of companies, business heads, and global leaders are headed to Rome for the fourth Ukraine Recovery Conference on July 10, with many companies hoping for more clarity around the future of a U.S.-Ukraine minerals deal. It’s been over two months since President Volodymyr Zelensky
Historically, Russia, which co-leads the OPEC+ alliance with Saudi Arabia, has faced criticism for poor compliance with production quotas.
The European Bank for Reconstruction and Development will enable Ukrainian banks to provide up to 900 million euros ($1.05 billion) in new loans by sharing credit risks.
Projects Kyiv has submitted to the U.S. for consideration as part of a profit-sharing deal for Ukraine's resources include a shelf and deepwater project and an oil refinery that comes under frequent attack by Russia, Ukraine's Economy Minister Yuliia Svyrydenko told the Kyiv Independent in an interview published on
Ukraine's Economy Minister Yuliia Svyrydenko says her task is simple — to get the investment fund behind the closely watched minerals deal with the U.S. off the ground, and prove its detractors wrong. "There are so many criticisms from different parties that this fund is just a piece of paper
Since the start of mass disruptions on July 5, a total of 485 flights were canceled, 88 were diverted to alternate airports, and another 1,900 were delayed across major hubs, according to Russia's aviation agency Rosaviatsiya.
Restrictions were imposed on 60 legal entities and 73 Russian citizens.
BlackRock, a U.S. investment firm, suspended work on its multibillion-dollar Ukraine recovery fund following U.S. President Donald Trump's election victory, prompting France to work on a replacement, Bloomberg reported on July 5.
"Americans should be asking why a president who says he wants to end a major war is instead letting the aggressor run rampant."
The ruling orders Russia to pay more than $1.5 billion in damages and an additional 300,000 euros ($330,000) in legal costs to Ukraine's largest state-owned bank, according to a press release.
Ukraine signed a major deal with U.S. company Swift Beat to co-produce various types of drones, President Volodymyr Zelensky announced on July 3 during his visit to Denmark.
Skyeton Prevail Solutions, a joint venture between Ukrainian drone manufacturer Skyeton and U.K.-based defense company Prevail Solutions, will supply the British Army with Raybird drones, the two companies announced on July 2.
Pornography production and distribution are illegal in Ukraine, with broad interpretations meaning even sharing nude photos can result in jail time.
If the Strait were mined, Iran could block one-fifth of global oil demand and spike world energy prices — a boon for Russia's oil-dependent economy.
The project remains a cornerstone of Russian-Turkish energy cooperation.
Grammarly, a company with Ukrainian roots, announced its intent to acquire AI email writing app Superhuman as part of its expansion into an AI productivity platform, the company said in a press release on July 1.
Russia has the capacity to launch as many as 500 Iranian-designed Shahed attack drones at Ukraine in a single attack, but doing so on a daily basis is not possible, Ukraine's military intelligence chief Kyrylo Budanov said on July 2.
According to the Berdiansk Municipal Military Administration, Russia's Federal Subsoil Resources Agency (Rosnedra) has announced plans to explore and possibly develop gas fields such as the Morske, Pivnichno-Kazantypske, and Skhidno-Kazantypske deposits.
As part of a new joint production program, new factories and weapons manufacturing facilities will be built in Ukraine and abroad, Defense Minister Rustem Umerov announced on July 1.
Ukraine boosted electricity exports by 150% in June 2025 compared to the previous month, reaching over 237,000 megawatt-hours (MWh), according to consulting firm ExPro Electricity.
Hans Braunfisch wants Americans to invest in Ukrainian startups, but there's a problem: there's no clear path for individual investors to put money into the more than 26,000 Ukrainian startups out there. The former PwC consultant plans to change that with Pravo Venture, a platform streamlining foreign investment for
Ukraine received approximately $500 million from the International Monetary Fund (IMF), marking the ninth tranche under the country's Extended Fund Facility program, the Ukrainian Ministry of Finance announced in a press release on July 1.
The manufacturer Brave1 has already codified the new rounds according to NATO standards. The goal is to supply every infantry soldier with a magazine of specialized ammunition for use in case of aerial threats.
According to Ukraine's military intelligence (HUR), the vessel belongs to Russia's shadow fleet, used by Moscow to evade sanctions.
Russian troops have taken over the site of one of Ukraine’s most valuable lithium deposits near the village of Shevchenko, Donetsk Oblast, as Russia ramps up its summer offensive. While Ukrainian troops control territories near the site, the deposit is now under Russian occupation, Roman Pohorilyi, founder of open-source
An LNG ice-class tanker has reportedly docked at Russia's Arctic LNG 2 facility for the first time since October, according to ship-tracking data and satellite images.
The 10 new locations will bring the total number close to 120 — more than were operating in Ukraine before the war.
The moratorium is intended to "protect businesses from any pressure by unscrupulous individuals in various government positions," the president said at the State and Business Forum in Kyiv on June 27.
Active fighting is still taking place around the village of Shevchenko in Donetsk Oblast, home to one of Ukraine's largest lithium deposits, a spokesperson for Ukraine's Khortytsia group of forces told the Kyiv Independent on June 27, denying reports Russia had occupied the village.
"It's a crime," Ukraine's ambassador to India, Oleksandr Polishchuk, told Reuters. "We will share our investigation with our European Union colleagues, and we will kindly ask them to take the appropriate measures."
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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