Business

Ukrainian Business Resilience in 10 stories

Silence from Ukraine's allies after 'politically motivated' arrest of former top energy official

by Luca Léry MoffatOctober 31, 2025

The arrest and detention of a former top energy official in Ukraine this week is an alarming new episode of democratic backsliding, Ukraine's civil society and lawmakers say — the latest in a series of politically motivated attacks on individuals and institutions. Volodymyr Kudrytskyi, formerly head of Ukraine’s state grid operator Ukrenergo, was arrested on Oct. 28 in western Ukraine and accused of hiding from pre-trial investigation, his lawyers told the Kyiv Independent. The accusations aga

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

by Martin FornusekNovember 3, 2025

India's largest oil refiner reportedly buys Russian crude from non-sanctioned entities

by Tim ZadorozhnyyOctober 31, 2025

Explosion at Kyiv postal office injures five people

by Oleg SukhovOctober 30, 2025

Turkey cuts Russian oil imports amid Western sanctions, Reuters reports

by Yuliia TaradiukNovember 2, 2025

After US sanctions, Lukoil to sell assets to firm founded by Putin ally

by Oleg SukhovOctober 30, 2025

France rejects Ukraine’s extradition request for billionaire charged with bribery, citing risk of unfair trial

by Oleg SukhovOctober 29, 2025

Court sets bail for Ukraine's ex-grid operator chief at $325,000. He calls the case against him 'political'

by Kateryna DenisovaOctober 29, 2025

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Monday, November 3

01:02 PM

116 killed, 26 journalists captured since Russia's full-scale invasion began, Culture Ministry reports

The total of 116 journalists killed also includes those who joined the military after the invasion began.

12:35 PM

Ukraine strikes oil refinery in Russia's Saratov Oblast for 3rd time this fall, General Staff says

The Saratov oil refinery in Russia was struck by drones on Nov. 3, according to the Astra Telegram channel, which cited open-source intelligence data.

11:57 AM

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

State-owned Chinese refiners, such as Sinopec and PetroChina Co., have canceled some Russian cargos, and smaller private refiners are also holding off on purchases, according to Bloomberg.

10:55 AM

Russian coast guard boat flying Wagner flag spotted near Estonia

Estonia suggested that the display of a symbol of the mercenary group that rebelled against the Kremlin two years ago "confirms the fact that Russia's 'iron' system is fracturing."

04:53 AM

Trump 'not really' considering Tomahawk transfers to Ukraine, for now

U.S. President Donald Trump said on Nov. 2 that as of now, he is not planning to provide Ukraine with long-range Tomahawk cruise missiles.

Sunday, November 2

11:33 AM

Russia kills at least 15, injures 20 across Ukraine over past day

According to the Ukrainian Air Force, Russia targeted Ukraine overnight with two Iskander M ballistic missiles and 79 attack drones, including around 50 Shahed-type drones, as well as Gerbera and decoy drones.

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.

July 21, 2025Under constant attack, Ukraine’s arms makers take shelter in European factories

July 14, 2025Minerals were all the talk at the largest Ukraine Recovery Conference

July 7, 2025Exclusive: Ukraine pitches US modernizing its largest oil refinery as part of minerals deal

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Analysis: 5 lessons on air defense and underground architecture from Kharkiv

Business

Ukrainian Business Resilience in 10 stories

Silence from Ukraine's allies after 'politically motivated' arrest of former top energy official

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

India's largest oil refiner reportedly buys Russian crude from non-sanctioned entities

Explosion at Kyiv postal office injures five people

Turkey cuts Russian oil imports amid Western sanctions, Reuters reports

After US sanctions, Lukoil to sell assets to firm founded by Putin ally

France rejects Ukraine’s extradition request for billionaire charged with bribery, citing risk of unfair trial

Court sets bail for Ukraine's ex-grid operator chief at $325,000. He calls the case against him 'political'

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Vegetables. Monetary policy. Facebook: How one post about a central bank decision fired up Ukraine's top economists

Chart of the week: Ukraine’s deal market holds steady despite investor hesitation

India partners with sanctioned Russian firm to produce passenger aircraft

Ukraine's ex-grid operator chief detained a week after raid on home he called politically motivated

Over $100 million in losses reported after Russia’s weekend missile strikes on Kyiv businesses

'Russian propagandist' — Bessent hits back as Kremlin envoy Dmitriev downplays US sanctions

Ukraine’s central bank devalues hryvnia in nod to IMF demands

Ukraine wants freedom to use EU loan from frozen Russian assets for US weapons

NewsLetters

News Feed

116 killed, 26 journalists captured since Russia's full-scale invasion began, Culture Ministry reports

Ukraine strikes oil refinery in Russia's Saratov Oblast for 3rd time this fall, General Staff says

Chinese refiners start shunning Russian oil after US sanctions, Bloomberg reports

Russian coast guard boat flying Wagner flag spotted near Estonia

Trump 'not really' considering Tomahawk transfers to Ukraine, for now

Russia kills at least 15, injures 20 across Ukraine over past day

About Business

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Neptune missiles struck Russian energy infrastructure, oil refineries, Ukraine confirms

One critical shortage keeps Ukraine’s interceptor drones from blocking out Russia’s Shaheds

'A rumble in Moscow Oblast' — Ukraine hits critical military fuel pipeline near Russian capital, HUR says

Russian oil tanker on fire after strike by Ukrainian drones in Krasnodar Krai, source says

Russia claims HUR special forces raid in embattled Pokrovsk thwarted, Ukraine denies, Syrskyi insists 'no encirclement'

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Analysis: 5 lessons on air defense and underground architecture from Kharkiv

Silence from Ukraine's allies after 'politically motivated' arrest of former top energy official

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