
'Clearing up the mess' — Ukraine's oil and gas giant gets new supervisory board
The new board comes amid a renewed push to reform Ukraine’s state-owned enterprises, which dominate the energy, banking, and infrastructure sectors.

The new board comes amid a renewed push to reform Ukraine’s state-owned enterprises, which dominate the energy, banking, and infrastructure sectors.
Brent futures, the global benchmark for oil prices, increased 16% on March 8, near to $108 a barrel. Prices last reached this level in 2022, when Russia launched its full-scale invasion of Ukraine.

Ukrainian forces have liberated up to 435 kilometers of Russian-occupied territory in the country's south, thwarting Moscow's efforts to mount a southern offensive, President Volodymyr Zelensky claimed on March 8.

"The main message will be that Slovakia is ready to take over the baton from Hungary if necessary," Slovak Prime Minister Robert Fico said on March 8.

Hard-line cleric Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, has been chosen as Iran's next Supreme Leader, the country's state media announced on March 8.

Zelensky said that he and the Dutch leader had discussed investments in arms production, its possible scope, and the licensing of weapons.

A drone that struck a U.K. air base in Akrotiri on the island of Cyprus on March 1 contained Russian technology, the Times reported March 7.

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.
One unnamed U.S. official described the support as "comprehensive," the Washington Post reported.