President Donald Trump came out on Feb. 3 saying he was looking to cut a deal with Ukraine by giving the war-torn country weapons and aid in return for its “rare earths and other things.” "We're looking to do a deal with Ukraine, where they're going to secure what we're
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 European Commission and Moldova signed a two-year strategy for energy independence and resilience, allocating 250 million euros ($258 million) to Chisinau in 2025, the commission said on Feb. 4.
Despite the uncertainty surrounding a potential resolution to the war, Ukrainians know one thing for sure: we must ramp up our defense capabilities to effectively defend against current and future Russian aggression. This requires the rapid development of asymmetrical solutions to counter Russia's advantages in personnel, material, and financial resources.
The auction, which is for a 100% stake in the plant, will be held on Feb. 4. Its starting price is Hr 234.4 million ($5.6 million), which includes debts for the last six months.
Ukrainian cafe chain Lviv Croissants opened its first restaurant in Cannes, France, making it the fifth country outside of Ukraine where it now operates, the company said in a press release on Feb. 3.
DRUZHKIVKA, Donetsk Oblast — A loud explosion goes off, followed by a second. People begin to run in different directions. Despite the chaos, taxi driver Serhiy Pohrebnyakov sits calmly behind the wheel, waiting for customers. Pohrebnyakov’s wife and daughter fled Druzhkivka after the start of the full-scale invasion, leaving him
In 2023, the Russian branch of Raiffeisen Bank earned over $1 billion in the first three quarters, which accounted for about 50% of the group's total profit. The bank also paid 277 million euros ($284 million) in taxes to Russia over the same period, Bloomberg reported.
The recent shake-up at the State Financial Monitoring Service of Ukraine (SFMS), responsible for combating money laundering and terrorist financing, has drawn mixed reactions. Some see it as a step toward fighting corruption and financial crime, while others view the changes with caution, uncertain about the motivations behind the overhaul.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Feb. 3-Feb. 9. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. On Feb. 3-8, Washington will host the 4th annual
Trump placed 25% tariffs on Mexican and Canadian goods, with only a 10% tariff on Canadian energy imports. He also imposed a 10% tariff on goods from China.
Join our exclusive KI Insights Monthly Briefing to gain critical perspectives on the prospects of a peace process in Ukraine under the new US administration. We will analyze the various involved stakeholders and their negotiation stances and discuss potential dynamics given existing leverage and pressure points. Event details: Topic: Shifting
Nearly three years into the war, Ukrainians have grown used to bracing for brutal winters with electricity blackouts and heating cuts from Russian attacks on the country’s energy infrastructure. This winter was predicted to be one of the toughest ones of the war yet. In a worst-case scenario, blackouts
Ukraine’s inflation rate is expected to peak at 15% by mid-2025 before dropping to 8.4% by year's end, Ukraine’s Central Bank said on Jan. 31.
Goldman Sachs has entered into a binding agreement to offload its Russian subsidiary, making it one of the few Western banks to exit the country entirely, Bloomberg reported.
The BRICS group, composed of Russia, China, India, Brazil, and other nations, has been exploring ways to reduce reliance on the U.S. dollar.
The following is the Jan. 29, 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 largest private energy company, DTEK, announced plans on Jan. 22 to invest 450 million euros ($468 million)
As Russia's options to purchase gallium and germanium from around the world almost disappeared, China became the sole supplier in 2023, the investigation said, citing leaked data from Russian customs databases.
Earlier the same day, the Financial Times (FT) reported that EU officials are discussing the possibility of resuming purchases of Russian gas as part of a potential settlement of Russia's war in Ukraine.
A drop in shipping activity at the Baltic Sea port appears to back up the SBU's claims that Ukrainian drones struck the Andreapol oil pumping station, shutting down the main pipeline that feeds Ust-Luga.
Huless, a Ukrainian company developing tethered drone systems, secured over $1 million in private financing, loans, and a grant from Ukrainian Defense Tech cluster Brave1, the company said in a press release on Jan. 30.
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Ukraine's largest private delivery company Nova Poshta invested Hr 1.8 billion ($43 million) to expand its Ukrainian network in 2024, a 35% increase from 2023, the company announced on social media.
Kerimov's investment in SpaceX reportedly began in 2017 through Heritage Trust, a financial structure managed by Citigroup. SpaceX was valued at $21 billion at the time, meaning his 1% stake could have been worth around $210 million.
The court immobilized a large consignment of industrial products and raw materials stored in the warehouses of the Mykolaiv Alumina Plant, which a Russian oligarch previously owned.
From 1990 until 2020, Roman Abramovich invested about $6 billion in Keygrove Holdings Ltd, a company registered in the British Virgin Islands.
The proposal's advocates, including Hungarian and German officials, argue that the move could give both Russia and Europe incentives to maintain a ceasefire while stabilizing the continent's energy market, the Financial Times wrote.
Within the last six months, 93 companies in Ukraine have removed signs of Russian ownership and continue to do business in the country, despite a moratorium on altering the registration of companies with Russian owners, the monitoring service Opendatabot reported.
The sanctions will also cut off more Russian banks from the SWIFT banking system, and target an additional 70 vessels suspected to be part of Russia’s "shadow-fleet."
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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