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Fragmented financial oversight undermines Ukraine’s economic future

As a direct participant in the process of establishing the new regulatory framework, I wish to initiate a public debate on the biggest challenge facing Ukraine’s financial services market: the lack of consistency in the institutional capacity of financial regulators — an issue made more pressing by ongoing military challenges. In 2019, the Verkhovna Rada, […]

Ukraine

December 29, 2024

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Poland’s 2025 EU presidency to focus on Ukraine’s integration and EU expansion, Duda says

Polish President Andrzej Duda announced that a key priority of Poland's EU presidency in early 2025 will be the European integration of Ukraine and maintaining an "open door to Europe" policy for new members. During the Arraiolos Group summit in Krakow, an annual informal gathering of presidents from parliamentary and semi-presidential EU member states, leaders […]

Ukraine

October 11, 2024

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Why Ukraine’s long-delayed missile production ambitions have yet to get off the ground

The Ukrainian government in recent months has been aggressively touting fresh developments in its missile-making. President Volodymyr Zelensky announced that the country had built 100 of its own missiles in 2024 as of November. He called for 3,000 “cruise missiles or missile-drones” to be manufactured in 2025. Traditional missiles are tricky. Ukraine’s notable successes in […]

Ukraine

January 15, 2025

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Deputy energy minister: How Ukraine’s energy infrastructure has endured over 1,000 attacks in 1,000 days of full-scale war

Over nearly 1,000 days of full-scale war, Russia has attacked Ukraine’s energy system more than 1,000 times. Despite this relentless onslaught, Ukrainian power engineers have achieved a historic feat: maintaining energy supply stability by repeatedly repairing equipment, sometimes three or four times after consecutive strikes. This remarkable effort has not only ensured light and heat […]

Ukraine

November 19, 2024

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Ukraine’s exports grew 13% in 2024 amid stabilized port activity, Economy Ministry says

Preliminary data shows that Ukraine’s exports grew by more than 13% over the past year, primarily due to stabilizing the functioning of Ukrainian seaports, Economy Minister Yuliia Svyrydenko said on Dec. 30. As of Dec. 26, Ukraine exported 129.2 million metric tons of goods worth $41.043 billion, up from $36.1 billion the same time last […]

Ukraine

December 30, 2024

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New customs reform aims to tackle Ukraine’s ‘single biggest cash cow’ of corrupt money in politics

At a time when state coffers are starving for money to fund Ukraine’s survival, illegal smuggling is costing the country billions of dollars a year in lost tax payments. Through bribery or lying, smugglers avoid an estimated $2.4 to $3 billion in customs payments each year as they smuggle everything from cigarettes and iPhones to […]

Ukraine

October 14, 2024

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The Counteroffensive: Ukraine’s nuclear ambitions fueled by betrayal, hindered by feasibility

Editor’s Note: This article was published by the twice-weekly newsletter “The Counteroffensive with Tim Mak” on Nov. 23, 2024, and has been re-published by the Kyiv Independent with permission. To subscribe to The Counteroffensive, click here. For a brief period just over 30 years ago, Ukraine possessed the third-largest nuclear arsenal in the world. Its […]

Ukraine

November 25, 2024

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Ukraine’s electricity imports increased more than fivefold in 2024

Ukraine’s electricity import increased more than fivefold in 2024 to 4.4 million megawatt-hours (MWh), ExPro consulting company’s electricity monitoring data showed on Jan. 2. Russia has been carrying out massive campaigns of aerial attacks against Ukraine's energy infrastructure since late 2022. The damages have caused serious energy deficits and necessitated the introduction of rolling blackouts […]

Ukraine

January 2, 2025

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MP Yaroslav Zhelezniak: Developments in Ukraine’s parliament on economic reforms, international obligations — Issue 77

Editor’s note: This is issue 77 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Oct. 7- Oct. 13, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the […]

Ukraine

October 19, 2024

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Ukraine’s drones have a reputation for low cost. Buntar Aerospace wants to make them boutique

The day Russia invaded Ukraine, Ivan Kaunov watched from his 23rd-floor Kyiv apartment in disbelief as rockets came down on his city. He was 30, married, and running a fintech startup that was seeing remarkable traction. The scion of a Kyivan family that had gotten wealthy on construction and IT, Kaunov had gone to university […]

Ukraine

November 26, 2024

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Over 50,000 Russians seek MIA through Ukraine’s project, representative says

More than 50,000 inquiries have been submitted by Russians seeking missing soldiers through Ukraine’s "I Want to Find" project, Bohdan Okhrimenko, head of the Coordination Center Secretariat, said in an interview with ArmyInform on Jan. 3. "These numbers only reflect those unafraid to contact us," Okhrimenko said, adding that there actual number of Russian soldiers […]

Ukraine

January 3, 2025

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Ukraine’s NATO Membership on "irreversible path," G7 defense ministers reaffirm

Defense ministers of the G7 countries reaffirmed their commitment to supporting Ukraine's integration into NATO, according to the joint statement following their meeting in Naples on Oct. 19. "We support Ukraine on its irreversible path to full Euro-Atlantic integration, including NATO membership,” the statement said. The ministers also pledged continued military assistance to Ukraine, both […]

Ukraine

October 19, 2024

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