Business news

Created in collaboration between Kyiv Independent and KPMG Ukraine Gateway

An investor’s guide to

UKRAINE

Learn more

Business

Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

by Luca Léry MoffatJuly 8, 2026

Leaked internal documents obtained by the Kyiv Independent suggest one of Ukraine's largest state-owned shipping companies is being run into the ground and may be under the influence of external interests — offering a rare look at the governance failures that continue to plague the country's state-owned enterprises. In early May, the chairman of the Ukrainian Danube Shipping Company's (UDP) supervisory board sent a lengthy letter to Ukraine's parliament. In it, he sounds the alarm over a severe

Kazakhstan court throws wrench in Ukraine's plan to collect $1.4 billion from Russia's Gazprom

by Abbey FenbertJuly 9, 2026

Raid on leading drone company fuels fears of crackdown on Ukraine's defense tech sector

by Dominic CulverwellJuly 8, 2026

Andriy Pyshnyi, Ukraine Central Bank Governor in Kyiv, Ukraine, in a photograph posted on 4 June 4, 2026.

‘We created a unique system for the defense sector:’ Full interview with Ukraine's central bank governor

by Luca Léry MoffatJuly 3, 2026

Ukraine is looking for workers while millions of women remain outside the labor market

by Ilona SologoubJuly 8, 2026

Boxes of Oreo in San Diego, California, U.S. on May 15, 2026.

'We pay taxes in Russia that helps war' — Oreo-maker's confession demands action on Russia remainers

by Bennett FreemanJuly 6, 2026

Russia allows lower-grade gasoline production as Ukrainian attacks choke fuel supply

by Abbey FenbertJuly 3, 2026

Georgia's only oil refinery to stop processing Russian crude

by Abbey FenbertJuly 2, 2026

NewsLetters

News Feed

Thursday, July 9

12:03 AM

Kazakhstan court throws wrench in Ukraine's plan to collect $1.4 billion from Russia's Gazprom

A Kazakhstan court has overturned a previous ruling recognizing and enforcing the recovery of approximately $1.4 billion from the Russian gas giant Gazprom in favor of Ukraine's Naftogaz.

Wednesday, July 8

10:24 PM

After wave of strikes on Kyiv, Russia aims ballistic missiles at Odesa, killing 4

The missile strike on Odesa targeted civilian infrastructure, Kiper said. Four people have died, while seven more have been injured. Among the injured victims, six have been hospitalized, with two reported to be in critical condition.

10:08 PM

NATO summit — Trump rages at allies but hands Ukraine a win

ANKARA, Turkey — Despite all expectations, Ukraine seems to be leaving the NATO summit in Ankara with a major win. The alliance itself, less so. Alongside an allied pledge of $80 billion in defense aid for 2026, President Volodymyr Zelensky has also secured an apparent green light from U.S. President Donald Trump to produce Patriot missiles, sorely needed amid increasingly deadly Russian attacks. As the two leaders met in the Turkish capital on July 8, Trump nonchalantly added several more co

09:39 PM

Russia bans diesel exports as Ukraine strikes start to bite

"It is clear that the enemy is trying to damage the economy, but most importantly, it is trying to create a nervous situation in society," said Russian President Vladimir Putin.

09:12 PM

Ukraine war latest: 'Make them yourself': Trump gives Zelensky green light to produce Patriot missiles

Key developments on July 8: * 'Make them yourself': Trump gives Zelensky green light to produce Patriot missiles * Russian ballistic missiles, drones rock Kyiv, fires break out, 4 killed * Zaluzhnyi: Assuming Russia has lost the war is a 'dangerous misreading' * 'Another Russian air terrorist eliminated' — Ukraine downs Su-35 U.S. President Donald Trump said on July 8 that he would grant Ukraine its longstanding request to produce U.S.-made Patriot missiles, Ukraine's only Western-supplied

08:53 PM

Dutch PM: Defense minister's remarks were a call for allies to step up support for Ukraine

Dutch PM Rob Jetten told the Kyiv Independent his defense minister's remarks — that the Netherlands had reached its limit on military aid to Ukraine — were a call for other allies to step up support.

About Business

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.

March 2, 2026War has drained Ukraine’s workforce, but women and veterans are stepping in to fill the void

February 11, 2026What Ukraine's ballooning debt means for its economy, and future

February 10, 2026Ukraine moves its power grid underground to shield it from Russian attacks

Most Popular

Business

Raid on leading drone company fuels fears of crackdown on Ukraine's defense tech sector

Speaking at a press conference in Kyiv over 12 hours after the searches began, Oleksii Babenko, a young star in Ukraine's drone industry, said that Ukraine's State Bureau of Investigations had carried out 70 searches, including at Vyriy Industries facilities, contractors' premises, and the homes of his own family members.

War

Ukraine war latest: Zelensky calls Putin's Kostiantynivka bluff; Ukraine nearly doubles successful strikes behind Russian lines

Editors' Picks

Bardella or Le Pen: What France's far-right choice means for Ukraine

Business news

Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

Kazakhstan court throws wrench in Ukraine's plan to collect $1.4 billion from Russia's Gazprom

Raid on leading drone company fuels fears of crackdown on Ukraine's defense tech sector

‘We created a unique system for the defense sector:’ Full interview with Ukraine's central bank governor

Ukraine is looking for workers while millions of women remain outside the labor market

'We pay taxes in Russia that helps war' — Oreo-maker's confession demands action on Russia remainers

Russia allows lower-grade gasoline production as Ukrainian attacks choke fuel supply

Georgia's only oil refinery to stop processing Russian crude

More from Business

Russia's overnight attack destroys around 800,000 Ukrainian books

Ukraine's Brave1 signs first major Western defense industry partnership with Airbus

Ukraine to allow weapons exports for first time since start of full-scale war

Euroclear takes frozen assets dispute against Russia to court in Brussels

New EU steel quotas are a crippling hit to Ukraine's industry

Ukraine in talks with France on production licenses for SCALP missiles, defense minister says

Massive explosion in Monaco injures Ukrainian businessman and his family, media reports

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

NewsLetters

News Feed

Kazakhstan court throws wrench in Ukraine's plan to collect $1.4 billion from Russia's Gazprom

After wave of strikes on Kyiv, Russia aims ballistic missiles at Odesa, killing 4

NATO summit — Trump rages at allies but hands Ukraine a win

Russia bans diesel exports as Ukraine strikes start to bite

Ukraine war latest: 'Make them yourself': Trump gives Zelensky green light to produce Patriot missiles

Dutch PM: Defense minister's remarks were a call for allies to step up support for Ukraine

About Business

Read more

Most Popular

Raid on leading drone company fuels fears of crackdown on Ukraine's defense tech sector

For second time in 4 days, Russia targets Kyiv with mass missile attack, killing at least 26

'Industrial scale results' — 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says

UK intercepts Russian Bear-F aircraft after it buzzed carrier strike group in Norwegian Sea

Ukraine war latest: Zelensky calls Putin's Kostiantynivka bluff; Ukraine nearly doubles successful strikes behind Russian lines

Editors' Picks

Bardella or Le Pen: What France's far-right choice means for Ukraine

How one questionable photo fueled confusion over Russia's attack on Kyiv Lavra

'We have nothing to use' — Kyiv currently defenseless against Russia's ballistic missiles

Inside the Ukrainian military's fight to motivate new recruits