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Employee shows processed iron ore at a plant in Kryvyi Rih, Ukraine, on April 14, 2026.
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Ukraine's steel industry is nearing collapse — and calling for help from abroad

by Dominic Culverwell

Ukraine’s largest steel company, ArcelorMittal Kryvyi Rih, said on Sept. 25 that it cannot restart steel production amid a surge in Russian strikes on factories, as the embattled sector calls for more domestic and international support to prevent its total collapse. Since the summer, Moscow has launched a widespread campaign of attacks on Ukraine’s economy to shut down key industrial centers. The metallurgy sector, which contributed 7% of Ukraine’s  gross domestic product (GDP) last year and em

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News from occupied Ukraine: Oleshky crisis continues, Europe's human rights chief calls for 'immediate local ceasefire'

This weekly update from the Kyiv Independent aims to shed light on the situation facing Ukrainians living under Russian occupation and the ever-tightening control of information imposed by the Kremlin. Key news as of Sept. 26: * Council of Europe rights commissioner warns of 'alarming' situation in Oleshky * Russia used parliamentary elections to legitimize occupation of Ukrainian territories * Ukraine strikes Russian radar stations, drone site in occupied territories * Ukraine brought bac

Screenshot from a video showing a supply van attacked by drones, in Russian-occupied Kherson Oblast, Ukraine.

Ukraine strikes Russia's Ilsky oil refinery, causing fire, General Staff confirms

Ukraine's Unmanned Systems Forces said the strike on the oil refinery, located approximately 400 kilometers (250 miles) from where the Ukrainian drones were launched, was carried out by the 1st Separate Center of the Unmanned Systems Forces and the 414th Separate Brigade, known as "Madyar's Birds," along with other Ukrainian military units.

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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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