Business Ukraine magazine

Business Ukraine magazine Business Ukraine is a quarterly English language magazine offering news, views and analysis of Ukrainian current affairs.

It is independently owned and published in Kyiv. The publication's online version can be viewed at www.bunews.com.ua

Western sanctions have clearly failed to derail Putin’s wartime economy. Now Ukraine is trying a far more direct approac...
07/02/2024

Western sanctions have clearly failed to derail Putin’s wartime economy. Now Ukraine is trying a far more direct approach with a new campaign of long-range drone strikes against Russia’s economically vital but vulnerable oil and gas industry, writes Mykola Bielieskov

Ukraine is seeking to bring the war home to Russia in 2024 with a new long-range drone strike campaign against Putin's oil and gas industry, writes Mykola Bielieskov.

Russia’s latest weekly oil-processing rates have dropped to the lowest in almost two months following the halt of two ma...
06/02/2024

Russia’s latest weekly oil-processing rates have dropped to the lowest in almost two months following the halt of two major refineries that were struck by Ukrainian drones, reports Bloomberg

Russia’s latest weekly oil-processing rates dropped to the lowest in almost two months following the halt of two major refineries that were struck by Ukrainian drones.

Turkey’s biggest telecommunications operator has confirmed it is selling its Ukrainian business, lifecell, to French bil...
06/02/2024

Turkey’s biggest telecommunications operator has confirmed it is selling its Ukrainian business, lifecell, to French billionaire Xavier Niel’s investment company NJJ Capital for an enterprise value of $525 million

Turkey’s biggest telecommunications operator said it is selling its Ukrainian business to French billionaire Xavier Niel’s investment company NJJ Capital for an enterprise value of $525 million.

Ice fishing on the River Dnipro. Obolon district, Kyiv. January 2024 (Photo: Віталій Тимофєєв)
05/02/2024

Ice fishing on the River Dnipro. Obolon district, Kyiv. January 2024 (Photo: Віталій Тимофєєв)

“They told me that Ukraine doesn’t exist, that it never existed, that we’re all Russians.”Russia's mass abduction and in...
05/02/2024

“They told me that Ukraine doesn’t exist, that it never existed, that we’re all Russians.”

Russia's mass abduction and indoctrination of Ukrainian children is an act of genocide as defined by the UN's 1948 Genocide Convention

Russia, which boasts of taking in 700,000 children, stands accused of trying to erase their Ukrainian identity

“Russia is trying to destroy the Ukrainian nation, not only physically, but by severing familial bonds and erasing the U...
04/02/2024

“Russia is trying to destroy the Ukrainian nation, not only physically, but by severing familial bonds and erasing the Ukrainian identity of the deported children.”

Russia, which boasts of taking in 700,000 children, stands accused of trying to erase their Ukrainian identity

“Yet it's precisely Biden's susceptibility to Putin's nuclear threats and his baffling appeasement of Iran that are maki...
04/02/2024

“Yet it's precisely Biden's susceptibility to Putin's nuclear threats and his baffling appeasement of Iran that are making Armageddon more likely. At every turn, Biden allows America's adversaries to have escalation dominance”

States must take out insurance to avoid the disaster that befell Britain in 1942, when Singapore surrendered to Japan and British possessions around the world were threatened by the Axis powers.

Ukraine is imposing increasingly effective direct sanctions on Russia’s oil and gas industry, which fuels Putin’s war ma...
03/02/2024

Ukraine is imposing increasingly effective direct sanctions on Russia’s oil and gas industry, which fuels Putin’s war machine. A major Lukoil refinery in Volgograd was hit early this morning by long-range Ukrainian drones

How Ukraine killed the most dangerous Russian drone ace in Krynky and turned the tide of the battle in their favour
03/02/2024

How Ukraine killed the most dangerous Russian drone ace in Krynky and turned the tide of the battle in their favour

It was a big deal when, in mid-January, a Ukrainian drone team hunted down ace Russian drone pilot “Moses.” Taking out Moses shifted the momentum in the Krynky battle.

02/02/2024
Putin has made a habit of rewriting the past in order to deny Ukraine’s right to exist and justify his invasion of the c...
02/02/2024

Putin has made a habit of rewriting the past in order to deny Ukraine’s right to exist and justify his invasion of the country. Zelenskyy is now signaling to Putin that Ukraine has historical claims of its own

Russian dictator Vladimir Putin’s weaponization of bad history has helped fuel the bloodiest European conflict since World War II, writes Taras Kuzio.

Wartime Ukraine is among the world’s top performers in Transparency International’s latest anti-corruption ranking. This...
02/02/2024

Wartime Ukraine is among the world’s top performers in Transparency International’s latest anti-corruption ranking. This is a reminder that while corruption remains an issue, attempts to portray Ukraine as hopelessly corrupt are exaggerated and outdated

Ukraine’s partners are right to expect maximum accountability, but there are currently no grounds for abandoning the country based on claims of corruption that are both exaggerated and outdated, writes Peter Dickinson.

The last video image of the sinking Russian missile corvette Ivanovets is one for the history books
02/02/2024

The last video image of the sinking Russian missile corvette Ivanovets is one for the history books

Finally, some good news for Ukraine on the international front! EU leaders have today overcome Hungarian objections and ...
01/02/2024

Finally, some good news for Ukraine on the international front! EU leaders have today overcome Hungarian objections and agreed on a landmark long-term support package that should help Ukraine stay afloat financially for the coming four years

The European Union confirmed a landmark $54 billion aid package for Ukraine on February 1 in Brussels, after EU leaders were able to overcome opposition from Hungary.

Ukraine claims to have sunk yet another Russian warship overnight with a successful drone attack on the missile launcher...
01/02/2024

Ukraine claims to have sunk yet another Russian warship overnight with a successful drone attack on the missile launcher Ivanovets in the Black Sea. Slava Ukraini!

Wonderful news from Brussels! All 27 EU leaders have agreed on the new €50 billion package for Ukraine. A great day for ...
01/02/2024

Wonderful news from Brussels! All 27 EU leaders have agreed on the new €50 billion package for Ukraine. A great day for Europe! 🇺🇦 🤝 🇪🇺

Armenia formally joins international criminal court in snub to Russia: Yerevan is now obligated to arrest Vladimir Putin...
01/02/2024

Armenia formally joins international criminal court in snub to Russia: Yerevan is now obligated to arrest Vladimir Putin if he enters Armenia after move Moscow calls ‘unfriendly step’

Yerevan obligated to arrest Vladimir Putin if he enters Armenia after move Moscow calls ‘unfriendly step’

207 Ukrainians have been freed from Russian captivity today in one of the biggest POW exchanges of the war. Welcome home...
31/01/2024

207 Ukrainians have been freed from Russian captivity today in one of the biggest POW exchanges of the war. Welcome home, heroes!

31/01/2024
“The recent spate of Ukrainian drone strikes on Russia’s oil and gas industry marks the start of a new stage in the war....
31/01/2024

“The recent spate of Ukrainian drone strikes on Russia’s oil and gas industry marks the start of a new stage in the war.”

Business Ukraine magazine publisher Peter Dickinson joined Телеканал "Прямий" this morning to discuss Ukraine’s new strategy of long-range drone attacks on Russia’s economically vital but vulnerable energy sector

Ukrainian children in Kharkiv are now studying in makeshift classrooms constructed underground within the city’s metro t...
30/01/2024

Ukrainian children in Kharkiv are now studying in makeshift classrooms constructed underground within the city’s metro transport system amid relentless Russian bombardment (Photo: Leonid Logvynenko)

“Europe is stepping up support for Ukraine but cannot hope to fully replace American military aid.”Business Ukraine maga...
30/01/2024

“Europe is stepping up support for Ukraine but cannot hope to fully replace American military aid.”

Business Ukraine magazine publisher Peter Dickinson joined Телеканал Київ to discuss the potentially disastrous consequences of continued deadlock in the US Congress over a new aid package for Ukraine

On orders from President Zelenskyy, the Ukrainians have begun trying to ease their reliance on Western arms by manufactu...
29/01/2024

On orders from President Zelenskyy, the Ukrainians have begun trying to ease their reliance on Western arms by manufacturing more of their own. Nearly all of the recent strikes against targets in Russia have come not from foreign stockpiles, but from Ukrainian factories and clandestine workshops

Zelensky has tasked a former international consultant and logistics whiz with pitching the new strategy around the world

Ukraine’s drone hunters at work (Photo: Ukrainian National Guard)
29/01/2024

Ukraine’s drone hunters at work

(Photo: Ukrainian National Guard)

"Putin behaves like a small-scale gangster who knows that if he is matched blow for blow, he will not start a fight. If ...
28/01/2024

"Putin behaves like a small-scale gangster who knows that if he is matched blow for blow, he will not start a fight. If he understands that Ukraine can fight back and make him really feel pain, of course, he will give all this up."

In a wide-ranging interview, the Ukrainian commander also said his navy would gladly take charge of two British warships the Royal Navy may reportedly have to retire early because of a shortage of sailors.

“By abandoning Ukraine in a fit of political incompetence, Americans will convince Europeans that we are untrustworthy. ...
27/01/2024

“By abandoning Ukraine in a fit of political incompetence, Americans will convince Europeans that we are untrustworthy. We will send a message to Russia and China too, reinforcing their frequently stated belief that the US is a degenerate, dying power.”

The U.S. rallied the world to help the Ukrainians. Are Americans really going to leave them to their fate?

“With a bit of luck, Ukrainian drones can damage not just Russian pipelines, but also compressors, valves, control units...
27/01/2024

“With a bit of luck, Ukrainian drones can damage not just Russian pipelines, but also compressors, valves, control units, and other pieces of equipment that are tricky to replace because of sanctions.”

Ukrainian aerial attacks could cause significant problems as international isolation makes it harder for Russian companies to fix broken equipment.

“For much of 2023, the eyes of the world were still on Ukraine, but this attention was that of a streaming TV addict, fl...
25/01/2024

“For much of 2023, the eyes of the world were still on Ukraine, but this attention was that of a streaming TV addict, flicking through the fresh releases, looking for a new series to binge on. The release of the 2023 season of Russia’s war, branded as “Ukraine’s counteroffensive”, was delayed.”

The long read: Everyone likes to support an underdog, especially if it’s winning. But it’s one thing to win a battle, it’s quite another to win the war. And Ukraine cannot win without international support.

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