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Ukraine's electricity imports fall as crisis fades
Ukraine's imports of electricity dropped by 25% in March compared to the previous month, as the country emerges from a devastating winter brought on by Russian attacks on the energy grid.
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Ukraine proposes energy ceasefire to Russia, Zelensky says
"If Russia is ready to stop strikes on our energy infrastructure, we will be ready to respond in kind. This proposal has been conveyed to the Russian side through the Americans," President Volodymyr Zelensky said.
Ukrainian Flamingo maker eyes anti-ballistic air defense by 2027
Ukraine's newest missile maker aims to launch an anti-ballistic defense to compete with U.S. PAC-3s by the end of next year, Reuters reports.
Ukrainian drones reportedly strike Russian military-linked chemical plant
The Minudobrenia plant was reportedly struck. The facility produces ammonia, ammonium nitrate, and nitric acid, which are key components of explosives and ammunition.
Ivan Marchuk, iconic Ukrainian artist, says he was scammed. He's now fighting for rights to his life's work
At nearly 90, the Ukrainian painter Ivan Marchuk — widely regarded as one of the country's most important living artists — has found himself fighting in court to maintain the full creative rights to his vast body of work. Marchuk turned to the courts last year after he said that he was deceived into signing away some of the creative rights for a period of 100 years to three other people — all for Hr 10,000 ($228). The process is still ongoing. "He has not lost hope for a fair resolution of th
How oil jackpot and sanctions failure are funding Russia's war
As recently as this January and February, Russia was going through its worst fiscal period since the start of the full-scale invasion of Ukraine. Oil and gas budget revenues had fallen by 50% year-on-year, and the deficit for the first two months reached $42 billion. The government was preparing to slash non-military spending by 10%. It seemed like sanctions were finally working. Then this happened: the United States struck Iran, and the Strait of Hormuz — through which one-fifth of the world'
Syrskyi visits front-line hotspot in contested corner of Dnipropetrovsk Oblast
Commander-in-Chief Oleksandr Syrskyi said that Ukraine has retaken 480 square kilometers and 12 settlements since late January amid heavy fighting on key front-line sectors.
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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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Ukrainian forces struck a rail convoy carrying fuel to the Russian military in occupied Luhansk on April 4, the General Staff said. The military also shared results of a recent strike on occupied Crimea.
