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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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Saturday, March 7
General Staff: Russia has lost 1,272,360 troops in Ukraine since Feb. 24, 2022
The number includes 1,010 casualties that Russian forces suffered over the past day.
Explosions rock Kyiv, kill 5 in Kharkiv as Russia strikes residential building
Russia attacked Kyiv and other Ukrainian cities with ballistic missiles and drones overnight on March 7, the Air Force reported.
US considering lifting sanctions on Russian oil to ease global shortage, Treasury chief says
U.S. Treasury Secretary Scott Bessent said on March 6 that Washington is considering lifting some sanctions on Russian oil to address a global supply shortage linked to recent military operations in Iran.
Saturday, March 7
Hungary released detained Ukrainian bank staff, Kyiv confirms amid major row
"At the moment, they are already safe and have crossed the Ukrainian border," Ukraine's Foreign Minister Andrii Sybiha said.
Ukraine's General Staff confirms damage to two Russian Black Sea Fleet ships in Novorossiysk
Ukraine’s General Staff of the Armed Forces confirmed that two Russian Black Sea Fleet frigates, Admiral Essen and Admiral Makarov, were damaged during a Ukrainian strike on the Russian naval base in Novorossiysk on March 2.
White House responds to reports that Russia is helping Iran target US forces in Middle East
One unnamed U.S. official described the support as "comprehensive," the Washington Post reported.
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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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The Trump administration's move to launch a large-scale strike operation in Iran has seen state-on-state war return to the Middle East with a vengeance. Hours after the first U.S. and Israeli strikes began hitting the country on Feb. 28, Tehran — despite its leadership being decapitated on the first day of the fighting — retaliated with large-scale missile and drone attacks across the region, with a focus on U.S. military bases and embassies. On top of its arsenal of ballistic missiles, Iran's
