Editor's note: An original version of this article stated that every passenger on a bus hit in Russia's missile attack on Sumy had been killed in the strike, but reports the following morning found that a boy had managed to escape and rescue fellow passengers, including his mother. The burnt
The following is the April 9, 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 Trump shocked the world on April 2 when he announced what he dubbed “Liberation Day,” slapping tariffs
U.S. President Donald Trump has inadvertently hit Russia’s economy after his "Liberation Day" tariffs caused oil prices to drop drastically on April 7, with potentially massive ramifications for the Kremlin's ability to fund its ongoing war in Ukraine. Russia has so far failed to agree to a full
U.S. President Donald Trump on April 2 unleashed what he has dubbed "Liberation Day," imposing tariffs on nearly every country in the world — including war-torn Ukraine. Kyiv got off lighter than most with only a 10% tariff on all Ukrainian goods, compared to 20% on the EU, and 54%
The following is the April 1, 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. Washington proudly announced on March 25 that it had brokered an agreement between Russia and Ukraine to "eliminate
The ongoing saga of the U.S.-Ukraine natural resources deal has already caused seismic ruptures between Kyiv and Washington, temporarily costing Ukraine American military support and crucial intelligence sharing. Yet in the quest to placate U.S. President Donald Trump, and secure his support in the fight against Russia's
With much fanfare, the U.S. on March 25 announced it had brokered an agreement between Russia and Ukraine to "eliminate the use of force" in the Black Sea after two days of talks in Saudi Arabia. But while Kyiv said it was ready to abide by it straight away,
While the White House celebrates a ceasefire in the Black Sea after a 12-hour meeting in Riyadh, in Ukraine, the enthusiasm is muted. The agreement is missing crucial securities that Ukraine urgently needs, including protecting its ports from Russian attacks as well as opening up the blockaded Mykolaiv port. The
The restart of flights is vital for rebuilding Ukraine's economy, a process that cannot start unless "somebody gives the airports a kick up the backside," Ryanair CEO Michael O'Leary said.
"G7 decision that those assets are not going back to Russia unless Russia pays for its damages is something which is already decided. And it's important to stick with this decision," EU Economy and Trade Commissioner Valdis Dombrovskis said.
U.S. President Donald Trump’s administration is reportedly ready to lift sanctions on Russia imposed after the start of the full-scale invasion, in a reversal of U.S. policy toward Moscow during its war against Ukraine. The White House is preparing a plan to potentially give Russia sanctions relief
An agreement on Ukraine’s natural resources collapsed after a heated argument in the Oval Office on Feb. 28 between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump and his Vice President JD Vance, casting doubt on the deal’s future. Following weeks of tough negotiations, Kyiv and
As Kyiv and Washington celebrate agreeing to jointly develop Ukraine’s natural resources after weeks of tense negotiations, the deal still has a long way to go before the money starts flowing. Officials, experts, and those close to the deal say the current version of the agreement is an improvement
LATEST: Kyiv, Washington reach agreement on minerals deal. The media cycle around a natural resources deal between Washington and Kyiv has been nonstop as the two sides lock horns over an agreement that has escalated from speculative critical minerals to Ukraine’s fruitful oil and gas sector. The relationship between
President Volodymyr Zelensky pushed back at the U.S.’ demand for a $500 billion deal for its natural resources, saying that the U.S.’s aid grants are not debts, during the Ukraine: Year 2025 forum in Kyiv on Feb. 23.
Umerov did not specify what the alternatives were or go into details about the discussions. Last month, the Digital Transformation Ministry told the Kyiv Independent that Starlinks were still a critical part of communication on the frontline and that a new order was underway.
Yulia Svyrydenko's comment comes as Kyiv and Washington negotiate a deal for Ukraine’s natural resources in return for support and security guarantees.
Andrii Sybiha noted that this is the goal of President Volodymyr Zelensky and told partners that “it is time to fasten our diplomatic seat belts” and “not give in to emotions.”
"Canada is not ready for a change in the membership of the G7 and is standing its ground," Canadian Ambassador to Ukraine Natalka Cmoc said.
Within weeks of U.S. President Donald Trump saying he wanted to do a deal with Kyiv on its “rare earths and other things,” it became clear the U.S. wasn’t just interested in Ukraine’s critical minerals and rare earth elements. U.S. Treasury Secretary Scott Bessent visited
Russia has resorted to a "shadow fleet" to transport its oil and gas to get around Western sanctions and price caps. The Kyiv Independent spoke with Elisabeth Braw, a senior fellow with the Atlantic Council's Transatlantic Security Initiative, to find out what options the West has and how dangerous the shadow fleet actually is.
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
U.S. President Donald Trump said on Feb. 3 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.” But what exactly did Trump mean and what does Ukraine have to offer to the U.S?
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
“Further delays threaten critically important supplies to the Armed Forces of Ukraine, and destroy the trust of donors and partners,” Bezrukova said.
Maryna Bezrukova has overturned the decision to remove her name from the state enterprise register as director of the Defense Procurement Agency (DPA), the agency said on Jan. 30.
Over the last week, Ukraine House Davos opened its doors to world leaders and investors for the sixth year in a row during the World Economic Forum in Switzerland. Ukraine House this year was adorned with the slogan “Your Country First, Win With Us.” The message set the tone for
Ukraine’s lengthy efforts to clean up its weapons procurement are in danger of being unwound as the Defense Ministry strangleholds the Defense Procurement Agency, say anti-corruption activists and lawmakers. Defense Minister Rustem Umerov announced on Jan. 24 that he would not renew the contract of Maryna Bezrukova, the head
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
Ukraine’s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow’s biggest defeats. "When (Russian President) Vladimir Putin was handed power in Russia over 25 years ago, the annual gas pumping through Ukraine to Europe
European infrastructure allows for the flow of gas from other countries, a European Commission representative said.
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
