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'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.
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Friday, March 6
Reversing its position, US allows India to buy Russian oil
"To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," U.S. Treasury Secretary Scott Bessent said on March 5.
EU ambassadors reportedly reject fast-track Ukraine accession plan
EU ambassadors on March 5 pushed back against a proposal to fast-track Ukraine's entry into the European Union, rejecting a European Commission idea known as "reverse enlargement," Politico reported.
'Taking hostages and stealing money' — Kyiv says Hungary detained Ukrainian bank employees with cash shipments
"We are talking about Hungary taking hostages and stealing money. If this is the “force” announced earlier today by Mr. Orban, then this is a force of a criminal gang. This is state terrorism and racketeering," Sybiha wrote in a statement on March 5.
Thursday, March 5
Fox News mislabels Ukrainian Shahed-drone intercept footage as part of American ‘high-tech arsenal’ destroying Iranian drones
U.S. media outlet Fox News aired footage of a Ukrainian interceptor drone destroying a Shahed-type drone but presented the video as showing American drones countering Iranian drones in the Middle East, Ukrainian drone manufacturer Wild Hornets said.
US joins Russia, China in opposing IAEA resolution condemning attacks on Ukraine's energy infrastructure
The U.S. voted against a resolution condemning attacks on Ukraine’s energy infrastructure during a meeting of the International Atomic Energy Agency (IAEA) Board of Governors on March 5, joining Russia, China, and Niger in opposing the measure.
Ukraine war latest: 200 Ukrainian POWs return home in latest exchange, Zelensky says
Ukraine has brought home 200 soldiers held in Russian captivity in the latest prisoners of war (POW) exchange on March 5, President Volodymyr Zelensky announced. The Russian Defense Ministry confirmed releasing 200 Ukrainian POWs in exchange for the same number of Russian soldiers captured by Ukraine, in a swap brokered by the U.S. and the United Arab Emirates. The released Russian POWs are currently in Belarus, receiving medical and psychological assistance, according to the ministry. "Every
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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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"We reserve the right to respond to any hostile attitude towards our country," Turkey's Defense Ministry said.
