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World's largest business organization cuts arbitration costs to boost foreign investment in Ukraine’s reconstruction
The International Chamber of Commerce (ICC) will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment, the ICC Secretary General John Denton said at the Kyiv International Economic Forum on Nov. 7. "The big issue for a foreign investor is clear access to dispute settlement," […]
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Ukraine launches largest drone attack on Moscow
Russian air defense shot down 70 Ukrainian drones, including 34 in Moscow Oblast, in Ukraine’s largest drone attack on the Russian capital, the Russian Defense Ministry reported on Nov. 10. The drones entered Russian airspace between 7.00 and 10.00 a.m. Moscow time, the Defense Ministry said. Russia's air defense systems downed 34 drones over Moscow […]
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UK targets 30 tankers in its largest sanctions package against Russia's 'shadow fleet'
The United Kingdom sanctioned 30 oil tankers of Russia's "shadow fleet" that carried billions of dollars worth of oil and oil products last year, the government said on Nov. 25. "Oil revenues are a crucial source of funding for the Kremlin’s illegal war in Ukraine," the Foreign Office said in a statement. The latest sanctions […]
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Ukraine's largest steelmaker suspends operations at Pokrovsk coal mine
Metinvest, Ukraine's largest steel producer, has suspended operations at its Pischane coal plant near the front-line town of Pokrovsk in Donetsk Oblast, the company announced in a statement on Dec. 12. The closure comes amid an increasingly dangerous Russian advance towards Pokrovsk, a key Ukrainian logistics hub. Ukraine lost key positions near the town to […]
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Ukraine war latest: Russia launches one of the largest aerial attacks on Ukraine's energy grid
Key developments on Dec. 13: Russia launches one of the largest aerial attacks on Ukraine's energy grid Ukraine resisting Russian encirclement attempts at 4 Donetsk Oblast villages, military says Ukraine's new Ground Forces chief announces reforms focused on personnel, tech Russia mulls attacking Ukraine with Oreshnik nuclear-capable missile this weekend, FT reports Russia launched a […]
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One of Russia's largest chemical plants reportedly attacked in Rostov Oblast
Editor's Note: This is a developing story and is being edited. The Kamensky Combine, one of the largest chemical plants in Russia, was hit in an attack on Rostov Oblast, Andrii Kovalenko, head of Ukraine's counter-disinformation center, claimed on Dec. 18. The factory produces rocket fuel and components of ammunition and explosives, Kovalenko said. Russian […]
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‘Game changer:’ EBRD on largest investment since start of war into newly merged Ukrainian telecoms company
The European Bank for Reconstruction and Development and the International Finance Corporation on Oct. 10 said they would provide $435 million to finance a recently merged Ukrainian telecoms company. The funding is part of a deal — led by French billionaire Xavier Niel — that represents the largest foreign direct investment in Ukraine since the […]