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Tusk (R) shakes hands with Prime Minister Svyrydenko (R) at the URC 2026 in Gdansk, Poland, on June 25, 2026.
Business

Zelensky-Nawrocki feud fails to overshadow Ukraine’s biggest recovery conference yet

by Dominic Culverwell

"See you at the Ukraine Recovery Conference (URC)" was the departing note after many meetings in Kyiv during the weeks leading up to Ukraine’s largest annual business and economics event. From June 25–26, it felt like half of Ukraine had descended upon Gdansk on Poland’s Baltic coast as a record 7,500 officials, business leaders, entrepreneurs, economists, activists, and journalists envisioned the war-torn country’s economic revival. Last year's conference attracted between 5,000–6,000 people.

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Ukraine's ultimatum to Belarus marks a strategic shift

The relay equipment that helps guide Russian drones over Belarus went dark on June 22, days after President Volodymyr Zelensky issued a public ultimatum, threatening to disable the equipment with Ukraine's own forces if the demand is not met. Zelensky's ultimatum to Alexander Lukashenko left the Belarusian dictator between a rock and a hard place: refuse, and Belarus risks joining Ukraine's list of drone targets. Comply, and he risks publicly defying Russian President Vladimir Putin — his count

Belarusian President Alexander Lukashenko in St. Petersburg, Russia, on Dec. 21, 2025

New EU steel quotas are a crippling hit to Ukrainian industry

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

Ukraine backed out of MiGs-for-drones deal, Polish minister claims

"I proposed what I believe was a very fair, partnership-based approach: MiGs in exchange for drones," Polish Defense Minister Wladyslaw Kosiniak-Kamysz said. "The Ukrainians initially accepted it but did not follow through, so there are no MiGs for Ukraine because there are no drones, or drone capabilities, for Poland."

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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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