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Cover image: Akhmetov Foundation, Security Service of Ukraine/Getty Images, Petro Poroshenko/facebook, Simon Dawson/Bloomberg via Getty Images, GENYA SAVILOV/AFP/ Getty Images
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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. For decades, they have held massive sway in politics, owned monopolies in industry, and controlled large media empires.

Yet as Russia started its all-out war against Ukraine, things took a dark turn for the tycoons. What has happened to them, their fortune, and political influence?

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10:27 PM

Russia ramps up attacks near Pokrovsk, Ukrainian military says.

"Recently, they (Russian soldiers) have become more active. We have successfully repelled the assaults, we are holding the line, but the enemy is trying to break through our defense line and reach our positions and gain a foothold in some positions daily," said Mykola Koval, the spokesperson of Ukraine's National Guard's Chervona Kalyna brigade.
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