The following is the Feb. 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s steel industry — one of its most critical sectors — just can’t seem to catch a break
The commission resumed work in December 2024, focusing on nine key sectors and over 2,000 enterprises, Russian Deputy Prime Minister Alexander Novak said.
CourtAvenue, an American artificial intelligence solutions company ranked among the fastest-growing private companies in the U.S., has acquired a controlling stake in BotsCrew, a Ukrainian company that develops chatbots for business, BotsCrew announced in a press release on Feb. 11.
Editor’s note: This is issue 13 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Feb. 3–Feb. 9, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international
British fintech company Revolut officially launched its services in Ukraine after a beta testing phase, introducing a special Clear Sky debit card in Ukraine's national blue and yellow colors, the company announced on its website on Feb.11.
U.S. Treasury Secretary Scott Bessent will visit Ukraine this week to discuss a potential deal between Kyiv and Washington on critical minerals, Bloomberg reported on Feb. 11, citing undisclosed sources.
Ukraine's parliament voted in favor of buying two Russian-made reactors from Bulgaria for the Khmelnytskyi Nuclear Power Plant, lawmaker Yaroslav Zhelezniak said on Feb. 11.
Russian officials are concerned that the Western sanctions are undermining Russia's economic influence over countries in its close neighborhood and the Global South, the Financial Times reported on Feb. 10, citing a leaked government report.
First Deputy Prime Minister and Economic Development Minister Yulia Svyrydenko said that the decision to impose tariffs will naturally affect Ukraine's steel industry.
WIG Ukraine, Ukrainian companies' stock price index on the Warsaw Stock Exchange (WSE), rose by almost 25% in a few days, reaching pre-war levels, Polish media outlet Puls Biznesu reported.
The European Union's lending arm, the European Investment Bank (EIB), has signed agreements to mobilize close to 1 billion euros ($1.03 billion) in investments into Ukraine’s public and private sectors as the U.S. moves to cut funding to development projects in the country. U.S. President Donald
The European Commission criticized the decision as "unlawful and economically counterproductive," arguing that the deeply integrated supply chains between the EU and the U.S. would suffer under such restrictions.
According to Politico, European countries are drafting new legislation that would enable potential seizures of Russian oil tankers on legal grounds.
The move represents an apparent violation of U.N. resolutions prohibiting North Korea from sending its citizens to work overseas, which the Security Council passed after Pyongyang's intercontinental ballistic missile tests.
The EU "should boost independence even further and end all Russian energy imports," Karis said on Feb. 9. "We should even seriously consider a full trade embargo on Russia."
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Feb. 10-Feb. 16. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. This week’s key event is the 61st Munich
Ukraine is maintaining high levels of gas imports from the EU after a series of Russian missile attacks on its gas facilities, according to a Reuters report on Feb. 9.
The following is the Feb. 4, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Donald Trump came out on Feb. 3 saying he wanted to make a deal with Ukraine by
Editor’s note: This is issue 12 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Jan. 27–Feb. 2, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international
The Ukrainian Anti-Monopoly Committee (AMCU) approved Kyivstar’s acquisition of taxi service Uklon on Feb. 6, Kyivstar CEO Oleksandr Komarov announced at an American Chamber of Commerce event in Ukraine.
French point man for foreign trade, Laurent Saint-Martin, came to Kyiv during a turbulent time. As U.S. aid to Ukraine was drying up, President Donald Trump had made public his desire to get a hold of Ukraine’s rare earth minerals in return for a new influx of American
According to documents obtained by the FT, Mikhail Fridman and Petr Aven sold their stakes for about Rbs 240 billion ($2.5 billion).
Belgian clearing house Euroclear said in a statement on Feb. 5 that the second payment is expected to be made in March and should amount to approximately 2 billion euros.
Ukraine's newly formed telecommunications company DVL Group is planning to cut 15% of its IT department due to business consolidation and optimization, the company told Economichna Pravda.
The Ukrainian subsidiary Poltava Mining (FPM) of London-listed Ferrexpo said a civil claim for Hr 157 billion ($3.78 billion) was filed against it over illegal mining in Ukraine and the sale of waste products.
Ukraine’s steel producers are now looking abroad to stay alive after the closure of the country's last operating coking coal mine in Pokrovsk last month. Miners were working up until Jan. 13 when the Metinvest Group, the mine’s owner, halted production completely and evacuated employees as Russian troops
"The presence of big business from our closest allies, particularly the United States, in this area is an important element of security and economic stability guarantees," Ukraine's Foreign Minister Andrii Sybiha said.
President Donald Trump declared on Feb. 3 that he was looking to "do a deal with Ukraine" by giving the war-torn country weapons and aid in return for its "rare earths." "They're going to secure what we're giving them with their rare earths and other things," Trump told reporters in
Trump has repeatedly called for lower oil prices, arguing that reducing Russia's oil revenue would force Moscow to end its war against Ukraine.
Emergency power shutdowns were introduced in eight Ukrainian oblasts due to higher consumption and Russian attacks on the country's energy system, Ukrenergo, Ukraine's state grid operator, reported on Feb. 4.
The Austrian lender reported a net loss of 926 million euros ($955 million) in the fourth quarter of 2024, primarily due to provisions in its Russian subsidiary.
The company behind the exports, Energoresurs, is registered in Rostov-on-Don, Russia, and has exported nearly half a million tons of coal abroad between 2023 and 2024. According to the investigation, the firm sources coal from suppliers in occupied Donbas and transports it to Turkey by rail and sea.
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.
