Topic: Business
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US signs $20.7 billion preliminary deal with Raytheon to ramp up AMRAAM missile production
The US Department of Defense has reached a preliminary multi-year agreement worth $20.7 billion with Raytheon, a division of RTX, to accelerate production of AMRAAM missiles. The contract is part of a broader Pentagon effort to rebuild munitions stockpiles drawn down by transfers to allies and US military operations.
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Ukraine's PM ties 2027 VAT hike to war-risk insurance fund for businesses hit by Russian strikes
Prime Minister Serhiy Koretsky said a planned 1-percentage-point increase in Ukraine's standard VAT rate, from 20% to 21% under the draft 2027 state budget, is needed to finance a new fund that would promptly compensate businesses for damage caused by Russian missile and drone strikes. Speaking to TSN.Tyzhden, he said Ukraine plans an initial state contribution of about $1 billion, with the government expecting international partners to add roughly four times that amount for a total fund of about $5 billion.
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Ukraine's Sybiha rebukes Hungary's Magyar over 'Carpathian Eight' refusal and oil-storage rejection
Ukrainian Foreign Minister Andrii Sybiha publicly criticised Hungarian Prime Minister Péter Magyar on X for refusing to join Ukraine's "Carpathian Eight" regional initiative and blocking construction of oil storage facilities on Hungarian territory for Ukraine's needs. Sybiha called Magyar's remarks "unreasonably confrontational" and likened them to former prime minister Viktor Orbán's policies. Magyar and Hungarian Foreign Minister Anita Orbán pushed back, with Magyar citing a sovereignty objection and Anita Orbán rejecting the Orbán comparison.
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Russian drone strike hits German-owned Kromberg & Schubert plant in Zhytomyr Oblast
On 22 September, Russian forces struck an enterprise with foreign investments in the Zhytomyr community using a reactive drone. Local reports identify the target as the German-owned Kromberg & Schubert plant, a major employer that had already been badly damaged in a 9 August attack. A large fire broke out and emergency services worked through the night to extinguish it; reports differ on whether anyone was hurt.
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Russia strikes food warehouses in Odesa Oblast; Silpo confirms hit on its distribution center
In the night of September 20–21, 2026, Russia struck food warehouse facilities in Odesa Oblast, igniting a large-scale fire that was extinguished by rescuers. No deaths or injuries were reported. Retail chain Silpo confirmed that the strike hit its distribution center in Odesa.
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Russian strikes idle three plants that produced 90% of Ukraine's steel
Russian ballistic missile strikes in early September knocked out three major Ukrainian metallurgical plants — Zaporizhstal, Kametstal and ArcelorMittal Kryvyi Rih — which together had accounted for about 90% of Ukraine's steel output. The attacks killed 17 workers and halted production at facilities employing more than 15,000 people. Metinvest's Oleksandr Vodoviz said Ukraine "effectively no longer has a steel industry."
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Ukraine strikes Moscow oil refinery and logistics complex in largest drone attack on Russian capital
In the night of 19–20 September 2026, Ukraine launched a massive drone and missile attack on Moscow and Moscow Oblast, hitting the Gazpromneft Moscow Oil Refinery in Kapotnya and a warehouse complex in Sofyino. Fires broke out at both sites. Moscow Mayor Sergei Sobyanin called it the largest drone attack ever on the Russian capital. At least two people were killed and six injured across Moscow Oblast, and more than 400 flights were cancelled or delayed at Moscow airports. President Volodymyr Zelensky confirmed the operation involved the SBU, Unmanned Systems Forces, SSO, HUR and Foreign Intelligence Service.
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Zelensky launches Carpathian Eight summit, meets youth from partner countries
Ukrainian President Volodymyr Zelensky hosted the first summit of the Carpathian Eight (C8) in the Ivano-Frankivsk region on 19 September, launching a Carpathian integration initiative. The summit, which brought together representatives of Ukraine, Romania, Poland, Slovakia, Hungary, Czechia, Austria, and Serbia, included an economic forum featuring a joint investment portfolio of 95 projects worth roughly 40 billion euros. Zelensky also met with about 250 young participants in a Youth Congress, where discussions covered regional relations with Poland and Hungary, conditions for Ukrainians displaced by the war to return home, and housing support programs.
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Russian drone strike destroys Amstor shopping mall in Zaporizhzhia
A Russian drone strike hit the Amstor shopping mall in Zaporizhzhia on the evening of September 17, 2026, destroying the building and triggering a fire that covered more than 10,000 square meters. Firefighting was repeatedly interrupted by threats of follow-up strikes, and one injury was reported as of the morning of September 18.
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Nova Poshta to halt all sites during any air-raid alert and split parcels across smaller hubs
Ukraine's largest private postal and logistics company, Nova Poshta, announced it will suspend operations at branches, terminals, depots and other logistics sites during any air-raid alert regardless of threat level. The company is also introducing its own threat-monitoring system that can halt individual sites even without an official alert, and is continuing a shift to a decentralized fulfillment model that distributes parcels across many smaller locations instead of large sorting centers.
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DFC approves financing for Vodafone Ukraine and DTEK energy storage
The U.S. International Development Finance Corporation (DFC) approved financing for Vodafone Ukraine to strengthen and modernize wartime telecommunications infrastructure, with the operator set to gain access to 5G networks built on what DFC describes as "trusted technology." The same DFC package includes a loan to DTEK for the construction of energy storage systems with a capacity of 200 MW / 400 MWh.
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U.S. DFC approves €85 million loan to DTEK for battery storage expansion in Ukraine
The U.S. International Development Finance Corporation (DFC) has approved an €85 million (approximately $97.5 million) loan to Ukrainian energy company DTEK to expand battery energy storage systems in Ukraine. The loan is part of a broader DFC investment package of more than $8 billion covering projects in Ukraine, Jordan, and several African countries, and is the largest DFC financing in Ukraine's energy sector since the start of Russia's full-scale invasion in 2022.
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Von der Leyen announces EU–Ukraine joint missile defense, Patriot procurement and SAFE-funded program in State of the Union
European Commission President Ursula von der Leyen used her 16 September State of the Union address to announce that the EU will jointly develop an affordable modular missile defense system with Ukraine based on the Freyja project, launch a new program for joint projects with Ukrainian defense companies using remaining SAFE funds, and urgently deliver American Patriot interceptor missiles newly procured for Ukraine. She framed the package as the EU's strongest-ever support for Ukraine ahead of what she described as the harshest winter of the war.
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Ukrainian parliament approves in first reading VAT on foreign marketplace purchases
On 16 September, the Verkhovna Rada voted in first reading for a package of bills introducing VAT on goods bought through foreign marketplaces, regardless of value. 273 MPs backed the Tax Code amendment and 267 supported a separate customs bill. Finance Minister Serhiy Marchenko said the legislation is part of Ukraine's obligations to the IMF and the EU and warned that the country has already missed a €4 billion tranche, with an October tranche still contingent on passage.
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NABU exposes bribery scheme at Ternopil Oblast tax office, two officials detained
Ukraine's National Anti-Corruption Bureau (NABU) exposed a systematic bribery scheme at the Main Department of the State Tax Service in Ternopil Oblast. Two senior officials — a deputy head of the regional tax administration and a head of one of its territorial units — were detained after being caught receiving a bribe through an intermediary. They face up to 12 years in prison under Ukraine's Criminal Code.
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NABU exposes group suspected of stealing 100,000 tonnes of Ukrnafta fuel worth over 2.88 billion hryvnias
Ukraine's anti-corruption bodies NABU and SAPO announced they had exposed an organized group suspected of misappropriating 100,000 tonnes of oil products belonging to Ukrnafta, Ukraine's largest oil producer. The estimated value exceeds 2.88 billion hryvnias. Four suspects have been formally notified in the first episode of the case, with several others identified. The investigation covers a 2017–2020 scheme in which fuel was routed through affiliated companies and proceeds were diverted via offshore entities.
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Germany plans €3.4 billion purchase of US Tomahawk missiles and Typhon launchers
Germany's Ministry of Defence is preparing to allocate nearly €3.4 billion to buy American-made Tomahawk cruise missiles and Typhon launchers, according to an internal government planning document seen by Politico. The acquisition would give Germany its first ground-based long-range strike capability, which it currently lacks, and is framed by Berlin as a step to deter Russia.
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Russian ballistic missiles hit Kryvyi Rih metallurgical plant in overnight attack
In the night of September 11–12, 2026, Russian forces struck Kryvyi Rih with ballistic missiles from several directions, hitting the ArcelorMittal Kryvyi Rih metallurgical combine. Local officials reported multiple casualties and damage to nearby apartment buildings, a healthcare centre, and schools. The strike was part of a broader overnight Russian assault on Dnipropetrovsk Oblast and other Ukrainian regions.
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Russia launches nearly 500 strike drones at Ukraine on September 12, Zelensky says campaign targets the economy
On September 12, Russia conducted a sustained day-and-night drone barrage of nearly 500 strike drones against Ukraine, hitting railway infrastructure, food warehouses and other civilian economic targets. Ukrainian air defence downed or suppressed 336 of the 410 drones launched during the daytime period. President Zelensky framed the strikes as a deliberate effort to destroy Ukraine's economy and break Ukrainian resistance.
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Ukraine plans $2–3 billion war-risk insurance fund for businesses, partly funded by VAT hike
Ukraine's Minister of Economy Oleksandr Kravchenko announced plans for a $2–3 billion insurance fund to compensate businesses for losses from Russian attacks, with payouts targeted to begin on January 1, 2027. The government proposes funding part of the fund by raising VAT from 20% to 21%, a politically sensitive move that has not yet been finalized.