business

Oil prices fall as tanker traffic returns to the Strait of Hormuz

Oil prices extended losses after falling in the previous session as markets focused on the resumption of tanker traffic through the Strait of Hormuz following U.S.-Iran peace talks, with Brent crude futures down 0.3% to $77.70 a barrel on June 22.

23 June, 12:55 PM

Russian Central Bank chief warns of inflation pressure after strikes

Russian Central Bank Governor Elvira Nabiullina said inflation expectations could rise due to higher fuel prices following Ukrainian strikes on Russian oil refineries, according to remarks made after her return to public appearances following a two-week absence.

19 June, 06:00 PM

Ukrainian banks outpace Europe in digitalization – PrivatBank

Ukraine's banking sector has not only remained competitive during wartime but in many areas surpasses European Union countries in digitalization, PrivatBank board member Dmytro Musienko said at NV's Great Digital Transformation event on June 19.

19 June, 04:28 PM

Ukraine lists industrial complex near Polish border for $5.5 million

An industrial site in the city of Volodymyr, near Ukraine's border with Poland, has been put up for sale for $5.5 million, according to a listing reported by InVenture on June 17.

17 June, 12:55 PM

Fuel sale limits now affect one in four Russian gas stations

Restrictions on gasoline sales have spread nationwide across Russia, with fuel station chains representing about 25% of the country's gas stations introducing limits, according to an analysis by Agenstvo on June 17.

17 June, 11:40 AM

Cabinet backs Ukraine's mining development plan to 2056

Ukraine's Cabinet of Ministers has approved a minerals-based industrial development strategy through 2056, along with an operational plan for 2026-2028 aimed at advancing the country's resource-driven economic potential.

13 June, 12:54 PM

Oil prices fall after Trump backs away from Iran strike plans

Oil prices fell by more than $1 a barrel on Thursday, extending losses from the previous session after U.S. President Donald Trump backed away from plans to strike Iran, easing fears of further escalation following reciprocal attacks earlier this week, Reuters reported on June 12.

12 June, 12:37 PM

Japan to end reliance on Strait of Hormuz for oil imports from July

Japanese Prime Minister Sanae Takaichi said Japan will source all of its crude oil imports from suppliers outside the Strait of Hormuz starting in July, as the country seeks to reduce its exposure to geopolitical risks, Bloomberg reported on June 11.

11 June, 07:02 PM

U.S. becomes world's largest oil exporter, overtaking Saudi Arabia and Russia

The United States has become the world's largest oil exporter, overtaking long-time leaders Saudi Arabia and Russia as tensions with Iran reshape global energy trade, Reuters reported on June 11.

11 June, 05:00 PM

Ukraine cuts taxes for landlords reporting rental income

Ukraine's parliament has approved legislation reducing the tax burden on individuals who officially rent out their property, lawmaker Olena Shuliak, head of the parliamentary committee on local governance and regional development, said on June 9.

9 June, 07:41 PM

Russian Railways fails again to sell Moscow's Riga station

Russian Railways failed to sell Moscow's Riga railway station in a second auction aimed at improving its financial position after no bids were submitted, Interfax reported on June 9.

9 June, 02:01 PM

Pepco to sell 344-store Dealz Poland chain for 1 zloty ahead of Ukraine expansion

Poland’s Pepco Group will sell all of its shares in supermarket chain Dealz Poland for the symbolic price of 1 zloty, or about 27 cents, as it prepares to expand into Ukraine, the company said in a June 3 statement.

5 June, 12:25 PM

Akhmetov outlines three scenarios for ending Russia’s war in Ukraine

Rinat Akhmetov outlined three possible scenarios for ending Russia’s war against Ukraine and said he sees no reason for Vladimir Putin to continue the conflict in an interview with The Guardian on May 31.

31 May, 06:09 PM

Russian companies face losses – Ukrainian intelligence

Three-quarters of Russia’s largest companies reported falling revenue, declining profits or losses in 2025, describing the corporate sector as entering 2026 in a state of “managed collapse,” Ukraine’s Foreign Intelligence Service said on May 30.

30 May, 07:34 PM

Ukraine funding reconstruction of Russian-damaged industrial parks under new program

Ukraine launched a new government program to fund the reconstruction of industrial parks damaged by Russian airstrikes, Prime Minister Yulia Svyrydenko announced on Telegram on May 29.

29 May, 05:56 PM

Ukrainian pipe giant near frontline boosted output in first quarter

Centravis, a pipe holding based in Nikopol in Ukraine’s Dnipropetrovsk Oblast, increased production by 6% year-on-year in the first quarter of 2026 to 3,400 metric tons from 3,210 tons, Interfax-Ukraine reported on May 14.

14 May, 01:44 PM

One in four Russian companies launched mass layoffs amid economic slowdown

Russian companies have moved to mass layoffs amid worsening economic conditions, with 25% of firms cutting staff in 2025 compared with 10% in 2023, The Moscow Times reported, citing labor market research on May 13.

13 May, 12:41 PM

Inflation in Ukraine will be significantly higher than expected — NBU

Ukraine’s year-end inflation forecast has risen to 9.4% from 7.5% projected in January, while inflation is expected to slow to 6.5% next year and 5% in 2028, National Bank Council member Vasyl Furman said on May 13.

13 May, 11:39 AM

White House stays silent on Russian strikes against U.S. firms in Ukraine

Russian strikes on facilities linked to U.S. companies in Ukraine have become systematic, while the administration of U.S. President Donald Trump has largely avoided responding publicly to the attacks, The New York Times reported on May 12.

12 May, 03:30 PM

Russia’s budget deficit grows despite higher oil prices

Russia’s federal budget deficit continued to widen despite rising oil prices linked to tensions in the Middle East, exceeding the country’s full-year target by 50% in the first four months of the year, The Moscow Times reported on May 11.

11 May, 03:19 PM

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