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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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Tuesday, March 3
Russian tanker reportedly on fire in Mediterranean sea, media reports
A Russian-flagged liquified natural gas (LNG) tanker, the Arctic Metagaz, has reportedly caught fire in the Mediterranean sea, multiple media outlets reported on March 3.
To confront Iran, US must also confront Russia
No regime invokes international law more fervently than when it sees its power being challenged. The moment American and Israeli forces struck Iranian targets, officials in Moscow and Tehran rushed to rediscover the UN Charter, denouncing the operation as unlawful. Their sudden reverence for the "rule-book" is politically convenient — but it also forces a serious question: on what legal grounds can the use of force against Iran be justified? One of U.S. President Donald Trump's principal argum
What to do if you spot an Iranian Shahed drone
A feeling familiar to millions of Ukrainians was suddenly experienced across the Middle East over the weekend — the terror caused by Shahed drones flying overhead and smashing into buildings. Footage flooded social media as Iran launched drones and missiles in retaliatory strikes in response to the U.S.-Israeli bombardment that began on Feb. 28. "Welcome to the club, guys," Vladislav Vlasiuk, the Ukrainian president's representative on sanctions policy, told the Kyiv Independent when asked wha
Ukraine War Latest: Ukrainian forces liberate 9 eastern settlements as Russian troops face Starlink disruptions
* Ukrainian forces liberate 9 eastern settlements as Russian troops face Starlink disruptions, Ukraine's military says * As Ukrainian regions start preparing for next winter, Kyiv lags behind * Zelensky floats swapping Patriot missiles for interceptor drones amid increased Iranian Shahed threat * At least 337 Ukrainian POWs 'brutally' executed by Russia, Ukraine's ombudsman says Ukraine has liberated nine settlements in the Oleksandrivka sector along the southeastern front line, Ukraine's A
Former Head of State Border Guard Serhii Deineko mobilized, media reports
Former Head of Ukraine's State Border Guard Service, Serhii Deineko, has been mobilized and will lead the Luhansk Border Guard Detachment, Ukrainian media outlet Hromadske reported on March 3. Serhiy Deineko, who headed the State Border Guard from 2019 to Jan. 4, 2026, was charged last month in relation to a 204,000 euro bribery scheme. He was dismissed from the military last month. In 2023 border guards received at least 204,000 euros for facilitating the smuggling of cigarettes through the b
Trailing in polls, Orban goes all-in on Ukraine
Facing a real chance of defeat in the April parliamentary elections, Hungarian Prime Minister Viktor Orban can’t stop talking about President Volodymyr Zelensky and Ukraine. Just in the past few weeks, the Hungarian strongman called the war-torn country an "enemy" and accused its leadership of blackmail, deception, and election interference. Orban even deployed troops to defend Hungary's energy infrastructure against a claimed Ukrainian threat. Hungary's leader is "desperately losing" his pre-
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.
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As markets opened on March 2, Russian officials were quick to frame the escalating Middle East crisis as an economic opportunity for the Kremlin. Within hours of the first U.S. and Israeli strikes, Russian Envoy Kirill Dmitriev quickly posted on X about crude potentially hitting "$100+" per barrel. Brent crude futures on the London ICE exchange initially had risen 13.04%, peaking at $82.37 per barrel — the highest level in over a year. Prices later eased to $79.38. The spike followed Iran's M
