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'It’s a second front line' — The Ukrainian power plant workers battling to make repairs under Russian attacks
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'It’s a second front line' — The Ukrainian power plant workers battling to make repairs under Russian attacks

by Dominic Culverwell

"It’s an interesting feeling during an air attack. Danger, danger, and again danger," says Yurii, a Ukrainian energy worker, from the control center of a war-scarred thermal power plant. Yurii works for DTEK, Ukraine’s largest private energy firm, as a shift supervisor of the turbine boiler department. His last name, like the name of the plant and its location, cannot be disclosed for security reasons. The company has suffered six mass Russian attacks since October, including on the thermal po

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Russia's strong currency puzzles economists, signals economic woes

Since early December, the Russian ruble has continued to strengthen against global currencies: on Dec. 7, it reached a value of only 76 rubles for one U.S. dollar, a figure unseen since May 2023. It soon dropped to 79 rubles per U.S. dollar, an exchange rate close to one seen on the eve of Russia's full-scale war. Ruble's strength came despite increasing sanction pressure by the Trump administration, which began targeting Russian oil giants Lukoil and Rosneft in October. The measures, which f

Moscow International Business Center in Moscow, Russia, on Sept. 3, 2025.

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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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