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Ukraine secures 300 million cubic meters of American LNG amid Russian attacks on gas production
Orlen will deliver three cargoes of American liquefied natural gas (LNG) to Ukraine in the first quarter of 2026.
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Russia's air defenses are wide open — there's just one problem for Ukraine
Ukrainian drones — and the occasional missile — have been causing havoc across Russia for months. According to Ukraine's Security Service (SBU), nearly 160 successful strikes have been conducted in 2025 against oil extraction and refining facilities, leading to fuel shortages and a 37% drop in refining capacity. "These are legitimate military targets. Oil extraction and refining make up around 90% of Russia’s defense budget. These are the dirty petro-rubles funding the war against us," SBU Chi
The cost of war: Is Russia running out of money to continue the fight?
In early October, the Russian government released the full draft of its 2026–2028 federal budget, outlining President Vladimir Putin's key policy priorities for the coming years. In his report for the Free Russia Foundation think tank, shared with the Kyiv Independent, Russian opposition politician Vladimir Milov said Russia's budgetary situation is anything but "normal." "To keep (Russia's) military machine running like this, a lot more money is needed — and there simply is not any," Milov, w
Anti-graft agency raids properties tied to Zelensky’s ex-business partner Timur Mindich amid major energy corruption probe
In recent months, Mindich has been in the spotlight, with the National Anti-Corruption Bureau looking into the businessman's activity.
Ukraine war latest live: Kyiv denies Pokrovsk encirclement, 7th Rapid Response Corps releases drone strike footage
Major Andrii Kovalev, a spokesman for Ukraine's General Staff, told Ukrainian news outlet Ukrainska Pravda that logistics to Pokrovsk still exist, and the troops, including wounded soldiers, are being rotated in and out.
‘Destroying our memory’ — YouTube wipes Ukrainian channel honoring soldiers killed by Russia
The nature of the mass reports' accusations, unrelated as they are to the channel's actual content, is a clear sign of a coordinated Russian operation, according to the project's deputy editor.
Who is Timur Mindich, Zelensky's secretive associate at the center of a major corruption probe?
Timur Mindich, a businessman who is reportedly at the center of a major corruption probe, is a close associate of President Volodymyr Zelensky with interests in multiple industries. Mindich, a co-owner of the president's Kvartal 95 production company, has allegedly profited from his ties with Zelensky and dramatically increased his clout in recent years, according to journalist investigations. An investigation into Mindich's activities by the National Anti-Corruption Bureau (NABU) was one of t
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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 drones — and the occasional missile — have been causing havoc across Russia for months. According to Ukraine's Security Service (SBU), nearly 160 successful strikes have been conducted in 2025 against oil extraction and refining facilities, leading to fuel shortages and a 37% drop in refining capacity. "These are legitimate military targets. Oil extraction and refining make up around 90% of Russia’s defense budget. These are the dirty petro-rubles funding the war against us," SBU Chi
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