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

by Luca Léry MoffatJuly 3, 2026

For four years, Ukraine’s central bank has faced full scale-invasion, bouts of inflation, and the relentless task of keeping Ukraine’s financial system afloat through it all. But under Governor Andrii Pyshnyi’s tenure, which started in late 2022, the bank has also overseen the monumental rise of Ukraine’s mil-tech sector, progress towards privatization Ukraine’s massive state-owned banks, and — slowly but surely — alignment with EU regulation, which the bank aims to complete by the end of 2027.

Georgia's only oil refinery to stop processing Russian crude

by Abbey FenbertJuly 2, 2026

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

by Luca Léry MoffatJuly 2, 2026

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

by Luca Léry MoffatJuly 1, 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

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

by Kate TsurkanJuly 2, 2026

Euroclear takes frozen assets dispute against Russia to court in Brussels

by Sonya BandouilJuly 1, 2026

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Tuesday, July 7

11:17 PM

Ukraine war latest: 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says

Key developments on July 7: * 'Industrial scale results' — 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says * 2 defense industry enterprises hit in Russia's Bryansk Oblast, oil depot in Belgorod Oblast, General Staff says * Ukraine signs drone cooperation deals with 3 NATO countries * Canada pledges $900 million to Ukraine for vehicles and ammo, but no air defense Ukrainian long-range drone strikes hit eight Russian shadow fleet tankers in the Sea of Azov, Ukraine's

10:49 PM

IOC lifts Russian Olympic Committee suspension ahead of 2028 games

The Executive Board of the International Olympic Committee (IOC) has provisionally lifted the suspension of the Russian Olympic Committee (ROC), which had been in place since October 2023.

10:15 PM

Canada pledges $900 million to Ukraine for vehicles and ammo, but no air defense

Canada announced more than $900 million in new military aid for Ukraine after President Volodymyr Zelensky met with Prime Minister Mark Carney, though the package does not specifically include air defense systems or interceptors.

09:47 PM

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

Editor's note: this article was updated to take account of Marine Le Pen's announcement that she would run for president. BRUSSELS, Belgium — For months, opinion polls have indicated that France's far-right National Rally (RN) is well placed to win the 2027 presidential election, after President Emmanuel Macron reaches his constitutional term limit. But a court ruling on July 7 upended expectations over who will lead the party's presidential ticket — a decision that could also have implication

08:41 PM

'Manifestly unlawful' — Ukrainian court bans publication of investigative report on top official's brother

"The court's ruling is manifestly unlawful and violates the fundamental rights of journalists and the public to gather and disseminate information of public interest that is publicly available about the country's highest-ranking officials," Olena Shcherban, a deputy executive director at the Anti-Corruption Action Center, said.

07:14 PM

Ukraine signs drone cooperation deals with 3 NATO countries

The agreements are part of Ukraine's broader push to expand drone technology cooperation with partners in Europe and beyond, as it shares its war-tested experience in unmanned systems.

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

Editors' Picks

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

Business news

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

Georgia's only oil refinery to stop processing Russian crude

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

'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

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

Euroclear takes frozen assets dispute against Russia to court in Brussels

More from Business

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

How Ukrainian and Belarusian entrepreneurs have set new standards in Warsaw’s café scene

Putin acknowledges gas station queues, fuel shortages amid Ukrainian strikes as Russia works to stabilize supply

Australian billionaire Andrew Forrest’s Minderoo Foundation pledges $2 million to support Ukraine's agrifood sector

DTEK and GE Vernova plan 900-million-euro gas-fired plant to strengthen Ukraine’s war-hit power grid

NewsLetters

News Feed

Ukraine war latest: 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says

IOC lifts Russian Olympic Committee suspension ahead of 2028 games

Canada pledges $900 million to Ukraine for vehicles and ammo, but no air defense

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

'Manifestly unlawful' — Ukrainian court bans publication of investigative report on top official's brother

Ukraine signs drone cooperation deals with 3 NATO countries

About Business

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

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

Blackouts in Crimea as Kyiv hits military targets across occupied Ukraine overnight

Ukraine releases footage of drone destroying Russian fighter jet in occupied Crimea

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

Editors' Picks

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

Inside the Ukrainian military's fight to motivate new recruits

Southern Europe lays siege to newest EU sanctions package

'We know more is to come' — Pro-Ukrainians in Crimea greet strikes on Russian logistics