
Ukraine Business Roundup

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‘The situation now is the worst’ — Kyiv’s energy crisis deepens after Russia pounds power grid
As Kyiv faces prolonged blackouts and subzero temperatures, officials and energy experts warn that the city's infrastructure is nearing its limits. Although the number of buildings without heat has decreased since the Jan. 9 mass missile and drone attack, the broader impact of the crisis on daily life is only deepening. According to Kyiv Mayor Vitali Klitschko, about 800 residential buildings in the capital remain without heating as of Jan. 12 — a significant drop from the 6,000 buildings left

Ukraine war latest: Khartiia Brigade raises flag over Kupiansk city council building, releases video
Hello, this is Asami Terajima reporting from Kyiv on day 1,419 of Russia's full-scale invasion of Ukraine. Today's top story: Ukraine's Khartiia Brigade on Jan. 12 said it had recaptured the city council building in Kupiansk, Kharkiv Oblast, and flown the country's flag from its roof. A video accompanying the announcement on social media shows intense street fighting as the unit makes its way into the building. 0:00/1× "The Kupiansk operation proves that thanks to planning, training of comm

Zelensky orders final review of US security guarantees; White House source praises 'tremendous progress' in ending war
President Volodymyr Zelensky said on Jan. 12 that he instructed Ukraine's negotiating team to finalize a security guarantees document with the U.S. and submit it for review "at the highest level." In his evening address, Zelensky added that Ukraine "is coordinating meeting schedules with U.S. President (Donald) Trump's representatives — our documents are largely ready for signing." No further details were provided by the president. The directive comes amid growing indications that Washington

Project Nightfall — Everything we know about the UK's ballistic missile program for Ukraine
In what could be a huge boost for Ukraine's offensive capabilities, the U.K. announced on Jan. 11 it had launched Project Nightfall, a competition to rapidly develop new long-range ballistic missiles for Kyiv. Ukraine has repeatedly stressed the need to reinforce its ability to target Russian military sites and energy infrastructure with long-range weapons, aiming to increase the economic costs of Moscow's war while strengthening its own air defense network against Russian strikes on Ukraine's

UK reportedly finds legal basis to board shadow fleet tankers evading oil sanctions
The move comes as London looks for stronger tools to disrupt illicit oil shipments that help fund Russia's war against Ukraine, as well as sanctioned exports linked to Iran and Venezuela.

Norway announces $400 million emergency package for Ukraine's energy sector, budget
"Ensuring that people can keep warm, cook food, and live reasonably normal lives is vital in enabling them to persevere in this war — a war that they are fighting on behalf of us all," Norwegian Foreign Minister Espen Barth Eide said.

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The Tempest surface-to-air missile system is designed to engage drones, helicopters, and low-flying aircraft in all weather conditions. Its transfer to Ukraine was not publicly announced.
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