business

Russia plans sharp tariff hike on alcohol from ‘unfriendly’ states

Russian authorities are proposing to raise import tariffs on spirits and beer from “unfriendly countries” to 5 euros, The Moscow Times reported on Sept. 29.

29 September, 05:02 PM

Strait of Hormuz keeps markets on edge as Middle East tensions drive oil prices higher

Oil prices rose for a second straight day on Sept. 29 amid concerns over Middle East supply disruptions from the U.S.-Iran conflict, despite signs that exports from the region were recovering, Reuters reported on Sept. 29.

29 September, 11:18 AM

‘Market has gone crazy’: Used oil supertankers cost more than new vessels for first time

Used oil supertankers have become more expensive than new vessels for the first time on record as shipowners rush to capitalize on high freight rates in the Persian Gulf, the Financial Times reported on Sept. 28.

28 September, 11:27 AM

Russian strike destroys Kärcher warehouse in Ukraine

Russian forces destroyed a warehouse in Ukraine belonging to Kärcher, one of the world’s largest manufacturers of cleaning equipment, the German company said on Facebook on Sept. 27.

27 September, 10:42 PM

Could data center strikes cause a total blackout, and what problems are already likely?

Russia cannot completely cut Kyiv off from the internet despite strikes on data centers and telecom infrastructure, though local outages and overloaded mobile networks during blackouts remain possible, dev.ua CEO Stas Yurasov writes on Sept. 25.

25 September, 05:53 PM

Russia lowers gas production forecasts for next three years

The Russian government lowered its estimate for gas production in 2026 and cut its forecasts for 2027-2029, Interfax reported on Sept. 25.

25 September, 02:20 PM

‘Close to stagnation’: EBRD sharply downgrades Ukraine’s economic outlook in just three months

The European Bank for Reconstruction and Development cut its forecast for Ukraine’s real GDP growth in 2026 to 1.5%, citing Russian strikes on ports and vessels in the Black Sea, Interfax-Ukraine reported on Sept. 24.

24 September, 06:24 PM

Russian strikes destroy five JYSK stores across Ukraine in just one month

Russian strikes have destroyed five JYSK stores in Ukraine over the past month, including in Sumy, Dnipro, Kryvyi Rih and two in Zaporizhzhia, JYSK Ukraine Country Director Yevhen Ivanytsia said on Sept. 23.

24 September, 03:35 AM

Russian strikes halt 90% of Ukraine’s steel production

Three plants that accounted for 90% of Ukraine’s steel production have halted operations following Russian strikes, the Financial Times reported on Sept. 21.

22 September, 11:56 AM

Export ban does not apply: Russia boosts diesel shipments to key market 2.5-fold

Russia increased diesel shipments to Central Asian countries 2.5-fold in August from July, exporting more than 370,000 metric tons to Kazakhstan, Kyrgyzstan, Mongolia and Tajikistan amid restrictions on exports to other markets, The Moscow Times reported on Sept. 21.

21 September, 03:25 PM

Autostrada reveals UAH 15 billion debt that forced it to halt work

Ukraine owes Autostrada about UAH 15 billion ($360 million) for completed work, while the company hopes funding for key projects will resume, founder Maksym Shkil told Interfax-Ukraine on Sept. 21.

21 September, 01:53 PM

Imperial Brands factory damaged in Russian drone attack

Imperial Brands’ tobacco factory in Kyiv was struck this week, the company’s press service told NV Business on Sept. 10.

10 September, 05:36 PM

Ex-PM Yulia Svyrydenko named head of KSE Business School

The Kyiv School of Economics (KSE) has appointed former prime minister Yulia Svyrydenko to lead KSE Business School (KSE BS), the institution told NV Business on Sept. 10.

10 September, 01:50 PM

Ukraine’s steel output plunges as two largest producers halt operations

Ukrainian steelmakers cut steel output by 57.3% year over year to 277,000 metric tons in August, down 39.4% from July, GMK Center reported on Sept. 9.

9 September, 05:43 PM

Russian attack sets fire to Pryluky tobacco factory operated by BAT

A Russian strike on Sept. 7 caused a fire at the Pryluky tobacco factory owned by British American Tobacco in Ukraine’s Chernihiv Oblast, according to public broadcaster Suspilne.

7 September, 04:48 PM

Russian drones strike French FM logistic warehouse near Kyiv for second time

An FM Logistic warehouse in Dudarkiv, Kyiv Oblast, was damaged again in a Russian strike, company press office representative Paulina Massa told NV Business on Sept. 5.

5 September, 03:41 PM

Russia boosts gas supplies to Central Asia by nearly 70%

Russian gas giant Gazprom has increased gas supplies to Central Asian countries by nearly 70% since the start of 2026, Russia’s Interfax reported on Sept. 4.

4 September, 05:48 PM

Ukraine plans sale of titanium plant seized from Russian oligarch amid strong interest

Ukraine’s State Property Fund plans to sell the Demurinsky Mining and Processing Plant, which mines and processes titanium-zirconium ores, on Oct. 20, Interfax-Ukraine reported on Sept. 4.

4 September, 03:17 PM

National Bank of Ukraine puts new 2,000-hryvnia banknote into circulation

The National Bank of Ukraine introduced a new 2,000-hryvnia banknote, the country’s highest denomination, featuring Ukrainian dissident poet Vasyl Stus on Sept. 4.

4 September, 11:52 AM

Italy's Eni to develop giant Venezuelan oil field with 35 billion barrels

Italian energy company Eni has reached an agreement with Venezuelan state oil company PDVSA to jointly develop the Junín 5 oil field in Venezuela's Orinoco Belt. The 25-year deal makes Eni the field's operator, according to the company’s announcement on Sept. 2.

4 September, 11:45 AM

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