business

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

Japan resumes Azerbaijani oil imports after disruptions caused by Iran war

Japan is set to receive a tanker carrying Azerbaijani crude oil, marking its first oil shipment from Central Asia since the outbreak of war in Iran in February, according to Japan’s industry ministry and a Reuters report on May 11.

11 May, 03:01 PM

Russia prepares to launch new gas supply route to China

Russia is preparing to begin gas supplies to China through an additional Far Eastern route, Russia’s Interfax news agency reported, as Moscow seeks to expand energy exports to Asia on May 7.

7 May, 12:55 PM

UniCredit moves to exit Russia with sale of local unit

UniCredit said it had signed a nonbinding preliminary agreement to sell part of its Russian subsidiary to a private investor in the United Arab Emirates, according to a statement released by the Italian banking group on May 7.

7 May, 12:18 PM

Ukraine’s GDP declines after growth, statistics agency outlines reasons

Ukraine’s real GDP fell 0.5% year on year in the first quarter of 2026 after growth in previous quarters, the State Statistics Service said on Facebook on May 5.

5 May, 06:05 PM

Putin orders Rosstat to change metrics to make poverty appear lower

Russia will change how it measures income inequality, a move that could make disparities appear lower on paper, after inequality hit an 18-year high in 2025, The Moscow Times reported, citing a directive from Vladimir Putin on May 5.

5 May, 05:11 PM

Ukrtelecom posts 365 mln UAH loss despite revenue growth

Ukraine’s fixed-line operator Ukrtelecom increased net revenue to 4.16 billion hryvnias in 2025, up 3.5% year on year, but posted a multimillion loss, Interfax-Ukraine reported, citing the company’s annual report on May 5.

5 May, 03:19 PM

Ukrzaliznytsia launches route to Romania with fast gauge change

Ukrainian Railways, Ukrzaliznytsia, has launched a regular freight service between Romania and Ukraine, aiming to improve links with ports in the neighboring country, the company said on May 5.

5 May, 12:49 PM

Russia bans Armenian mineral water after 'unfriendly' remarks

Russian authorities have banned sales and suspended imports of Jermuk mineral water from Armenia, The Moscow Times reported on Apr. 29.

29 April, 03:16 PM

Ukraine’s top steelmaker posts billion losses after losing European market

Ukraine’s largest steelmaker ArcelorMittal Kryvyi Rih increased its net loss by 50% year on year to 4.6 billion hryvnias in the first quarter, CEO Mauro Longobardo said, according to dmkd.dp.ua on Apr. 29.

29 April, 01:49 PM

Russian savings now main funding source as sanctions bite

Household savings have become the main source of financing for Russia’s economy as sanctions shut Western capital markets to domestic companies, central bank chief Elvira Nabiullina said, The Moscow Times reported on Apr. 29.

29 April, 11:39 AM

Hungary’s FGSZ offers gas capacity to Ukraine despite prior government ban

Hungary’s gas transmission operator FGSZ is offering capacity bookings at entry points to Ukraine’s gas system for Q3 2026, despite a prior government ban on such auctions, industry outlet ExPro reported, citing a listing on a capacity platform on Apr. 28.

28 April, 04:58 PM

Ukraine to auction ex-Russian-controlled aluminum giant in frontline Zaporizhzhia

Ukraine’s State Property Fund said it will hold an online auction on May 19 via Prozorro.Sale to sell a 97.5458% state stake in Zaporizhzhia Production Aluminum Plant (ZAlK), according to a statement on Apr. 28.

28 April, 03:24 PM

business

1
2
3
4
5
6
7
8
9
10