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Poland's PZU acquires Ukraine's top insurance company
MetLife Ukraine makes up 50% of the Ukrainian market, earning nearly Hr 1 billion ($22.6 million) in profits last year from its 900,000 clients.
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Tuesday, May 5
General Staff: Russia has lost 1,336,120 troops in Ukraine since Feb. 24, 2022
The figure includes 970 casualties that Russian forces suffered over the past day.
Russian mass attack on Ukrainian oil, gas infrastructure kills 5
Russia's overnight attacks on Ukrainian energy infrastructure killed five and injured another 37, Ukraine's gas utility reported.
Ukraine reportedly strikes Russian Shahed, Iskander component facility, major oil refinery amid large-scale attack
Ukrainian forces launched a missile and drone attack on multiple Russian regions overnight on May 5, reportedly striking a critical Russian military-industrial site in Cheboksary, Chuvash Republic, Russian Telegram media channels reported.
Tuesday, May 5
Belarus develops military training grounds and logistics routes in cooperation with Russia, border officials say
Belarus continues expanding military-related infrastructure that could support Russian operations, even though Moscow does not currently have enough troops stationed there to launch a new offensive against Ukraine, Kyiv's State Border Guard Service said on May 4.
Zelensky announces earlier ceasefire starting May 6, ahead of Russia's 'Victory Day truce'
President Volodymyr Zelensky announced on May 4 that Ukraine is proposing a ceasefire beginning at midnight on May 6, saying Kyiv is prepared to halt hostilities if Russia reciprocates.
Ukraine war latest: Russia extends its 'Victory Day truce', kills 7 and injures 35 in attack on Kharkiv Oblast
Key developments on May 4: * Russia extends its 'Victory Day truce' to May 8-9, Ukraine says no proposals received * At least 7 killed, 35 injured in Russian attack on Kharkiv Oblast * Luxury Moscow tower reportedly hit by Ukrainian drone strike ahead of Kremlin's Victory Day Parade * Zelensky meets Fico ahead of Slovak leader's Moscow trip * Russia launches more than 10 times as many drones at Ukraine's port infrastructure in 2026 as last year * Russian authorities publish list of Tuapse
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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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General Cherry’s Khmarynka enters a growing class of low-cost, mid-range strike drones modeled on Russia’s Molniya and designed for mass production.
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