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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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Lukashenko trades prisoners for sanctions relief — and keeps the upper hand

As dust settles from a historic deal that saw Belarusian dictator Alexander Lukashenko free 123 political prisoners in exchange for a partial U.S. sanctions relief, the main question remains unanswered — what now? Trump’s newly appointed special envoy, John Coale, arrived in Minsk on Dec. 12 and secured the biggest prisoner release so far, with Nobel Peace Prize laureate Ales Bialiatski and leading opposition figures Viktar Babaryka and Maria Kalesnikava walking free the following day. The inc

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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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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

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