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Japanese drone maker doubles down on Ukraine as Tokyo eases arms rules

by Dominic CulverwellApril 29, 2026

Japanese drone firm Terra Drone has announced a second major investment in a Ukrainian defense tech company, as Japan increases support for its defense sector. During a presentation in Japan on April 28, CEO Toru Tokushige announced a partnership with Ukrainian firm WinnyLab to scale the Terra A2, a long-range fixed-wing interceptor drone. The investment comes a week after Japan lifted a ban on weapons exports put in place following the Second World War. Following the historic move, Japanese p

First Ukrainian stocks added to London-listed fund for reconstruction

by Luca Léry MoffatApril 29, 2026

Kyiv probe into oligarch Zhevago adds pressure as Ferrexpo nears London listing suspension

by Dominic CulverwellApril 28, 2026

EU carbon rules could deal heavy blow to Ukraine’s struggling steel sector, report warns

by Dominic CulverwellApril 28, 2026

The Verkhovna Rada building in Kyiv, Ukraine, on April 17, 2026.

Ukraine parliament inches through reforms as funding deadlines loom

by Luca Léry MoffatApril 29, 2026

Ukraine’s postal giant reports booming profits despite war risks

by Dominic CulverwellApril 27, 2026

Ukraine busts crime ring that laundered $13 million in defense sector, authorities say

by Martin FornusekApril 27, 2026

Reporter’s notebook: Inside Ukraine’s nuclear plants at war

by Dominic CulverwellApril 25, 2026

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Thursday, April 30

03:10 AM

Ukrainian drones reportedly strike Russian explosives plant in Nizhny Novgorod Oblast

Ukrainian drones struck an explosives plant in Russia's Nizhny Novgorod Oblast, and explosions were heard in Novgorod Oblast overnight on April 30, social media channels reported.

Thursday, April 30

01:08 AM

US pledges financial support for G7 initiative to repair Chornobyl confinement structure

"Consistent with the United States' continued leadership on issues of nuclear safety and non-proliferation, working with Congress, the United States is proactively committing 20%, or $100 million, of the G7's estimated $500 million cost to rehabilitate the NSC arch," the statement read.

10:46 PM

EU Culture Commissioner to boycott Venice Biennale over Russia presence

"(A)s long as Russia and the Russian authorities continue to be invited, while Ukrainian people continue to be targeted, and attacked on a daily basis, I cannot be present," Commissioner Glenn Micallef said.

08:37 PM

Putin holds phone call with Trump, proposes 'Victory Day' truce in Ukraine

The Russian leader voiced readiness to declare a truce in Ukraine for the Victory Day celebrations, which Russia holds on May 9, the Kremlin said.

09:53 PM

Magyar's Russian energy phase-out plan for Hungary falls short

Peter Magyar's plan to end Hungary's reliance on Russian fossil fuels seems to lack urgency — and risks perpetuating Viktor Orban's legacy. Magyar's Tisza party, which is to form the new government in May, has set 2035 as the deadline to end the country's energy reliance on Moscow. But experts argue that Hungary could pivot much faster, as long as there is "political will." Non-Russian fossil fuel supply routes, such as Croatia's Adria oil pipeline or liquefied natural gas (LNG) terminals acce

Péter Magyar, leader of the pro-European conservative TISZA party, in Budapest, Hungary, on April 12, 2026.

09:02 PM

'People once envied us' — Tuapse oil fire spreads as tour operators downplay tourist season risks

Ukrainian strikes have left fires burning at the Tuapse refinery and oil slicks along the Black Sea coast ahead of Russia's tourist season.

A screengrab from a video shows dense black smoke rising from the Tuapse oil refinery in Tuapse, Russia, on April 28, 2026.

About Business

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.

March 2, 2026War has drained Ukraine’s workforce, but women and veterans are stepping in to fill the void

February 11, 2026What Ukraine's ballooning debt means for its economy, and future

February 10, 2026Ukraine moves its power grid underground to shield it from Russian attacks

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Russia’s offensive tactics on full display in fight for Sloviansk

Business news

Japanese drone maker doubles down on Ukraine as Tokyo eases arms rules

First Ukrainian stocks added to London-listed fund for reconstruction

Kyiv probe into oligarch Zhevago adds pressure as Ferrexpo nears London listing suspension

EU carbon rules could deal heavy blow to Ukraine’s struggling steel sector, report warns

Ukraine parliament inches through reforms as funding deadlines loom

Ukraine’s postal giant reports booming profits despite war risks

Ukraine busts crime ring that laundered $13 million in defense sector, authorities say

Reporter’s notebook: Inside Ukraine’s nuclear plants at war

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'Now is a good time to invest in Ukraine' — Brussels and Kyiv sign over $1 billion in deals

Polish fintech buys Ukrainian bank confiscated from Russian oligarch

Climate policy becomes new front in Ukraine-EU economic tensions

Ukraine's richest man buys luxury apartment in Monaco for $550 million

Druzhba pipeline ready to resume, Zelensky says, raising hopes of unblocking EU loan

IMF backs down on unpopular tax changes for Ukraine, PM says

'This is not rewarding Russia' — US official defends extension of sanctions waiver on Russian oil

Ukraine wins debt relief and IMF flexibility in DC — but growth outlook dims

NewsLetters

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Ukrainian drones reportedly strike Russian explosives plant in Nizhny Novgorod Oblast

US pledges financial support for G7 initiative to repair Chornobyl confinement structure

EU Culture Commissioner to boycott Venice Biennale over Russia presence

Putin holds phone call with Trump, proposes 'Victory Day' truce in Ukraine

Magyar's Russian energy phase-out plan for Hungary falls short

'People once envied us' — Tuapse oil fire spreads as tour operators downplay tourist season risks

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