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Ukraine Business Roundup — On corruption in Ukraine
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Ukraine Business Roundup — On corruption in Ukraine

by Liliane Bivings

Editor's note: The following is the May 6, 2026 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. You wouldn't know it from Western media outlets — but the corruption scandal that prompted Ukraine's first wartime protests last summer continues to unfold. Last week, Ukraine’s leading outlet Ukrainska Pravda (meaning "Ukrainian Truth") published two videos presenting leaked transcripts of w

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Saturday, May 9

US falls below Russia in survey of global perceptions

The global perception of the United States has fallen for a third consecutive year, now ranking several spots behind Russia, a survey commissioned by the Alliance of Democracies Foundations revealed on May 7.

Tensions mount in both Kyiv, Moscow ahead of Russia's Victory Day Parade

Editor's Note: Read the latest developments on Victory Day and Trump's surprise 3-day ceasefire. Tensions have been mounting this week ahead of Russia's Victory Day celebrations on May 9, with an apparent uptick in Ukrainian drone attacks prompting a flurry of speculation, ceasefire proposals, and threats of strikes and counterstrikes. What’s happening this weekend? If you take the rhetoric at face value, possibly a Ukrainian strike on Russia's most important parade of the year, and a massiv

Russian cadets walk past police guarding Manezhnaya Square in Moscow, Russia, on May 8, 2026.

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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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Why Russia can’t protect its oil refineries from Ukrainian strikes

Why Russia can’t protect its oil refineries from Ukrainian strikes

Since mid-April, Ukraine has struck the Tuapse oil terminal on Russia's Black Sea coast four times, triggering major fires at one of the country's key oil export hubs despite active air defenses and repeated Russian claims of intercepted drones. The attacks have caused days-long fires, halted refinery operations, polluted parts of the coastline, and forced authorities into prolonged emergency response efforts. This raises a question: If Russia maintains one of the largest air defense networks

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