The U.S. government is providing $46.1 million to purchase control systems and dozens of new transfers, while the European Commission pledged 62.8 million euros ($66 million) to restore 1.8GW of generating capacity and to protect power plant equipment from elements during the winter.
Since Ukraine proclaimed its independence from the Soviet Union in 1991, a large share of its industries has been controlled by oligarchs like Rinat Akhmetov, Victor Pinchuk, Petro Poroshenko, Ihor Kolomoisky, Viktor Medvedchuk and Dmytro Firtash.
It took several months of Russia’s full-scale invasion to turn some of the most valuable assets of Ukraine’s richest man Rinat Akhmetov into a pile of dust, metal, and concrete. The tycoon's long list of painful business losses includes the Mariupol-based Azovstal steel plant, one of the largest
KRYVYI RIH, Dnipropetrovsk Oblast – When Russia started its full-scale invasion of Ukraine, one of the bigger surprises on the domestic political front was the sudden turnaround of Oleksandr Vilkul, once a central figure of Ukraine's pro-Russian political camp. Vilkul quickly took up a vocal anti-Russian stance and was appointed to
Companies in Ukraine are about to receive temporary tax and legal relief amid growing threats of a full-scale war with Russia. On Feb. 22, Ukrainian President Volodymyr Zelensky announced a program on “economic patriotism,” which will ease the tax burden, including possibly reducing value-added tax from current 20% to 8%
Prosecutor General Iryna Venediktova said late on Dec. 2 she would step up more than 200 criminal cases against “the owner of several well-known television channels, coal companies, and energy companies.” Although Venediktova did not refer to him by name, this appeared to be a veiled reference to oligarch Rinat
