Ukraine's state defense conglomerate Ukroboronprom and European aerospace giant Airbus have signed a trilateral cooperation memorandum at the Le Bourget International Air Show, the company announced on June 23.

The agreement launches initiatives to develop maintenance and repair capabilities for Airbus aircraft operating in Ukraine among specialists at Ukroboronprom's enterprises.

As part of the deal, Airbus will send representatives to Ukraine to train local specialists, who will then become certified instructors for aircraft maintenance.

"Trust in our defense industrial complex, particularly Ukroboronprom and its enterprises, is growing among global high-tech companies," said Oleh Hulyak, Ukroboronprom Director General, in a press release. "This proves we have chosen the right path for development and international cooperation."

Hulyak expects new partnerships with foreign partners in aviation and other areas of the company's work.

Ukroboronprom is a leading strategic manufacturer of weapons and military hardware in Ukraine. The association unites about 100 enterprises that develop and manufacture weapons, military equipment and ammunition, including missiles, drones, armored vehicles.

The company reported a consolidated net profit of Hr 1.31 billion ($31.5 million) for the previous year as its enterprises tripled production volumes in 2024 compared to 2023, with a 36% increase in contracts.

In 2024, Ukroboronprom was ranked for the first time in history among the top 50 global defense companies by Defense News, according to Strategic Industries Minister Alexander Kamyshin.

‘It was impossible to look at’ — Russian mass missile, drone attack on Kyiv kills at least 9, injures 33

Russia launched a wave of missile and drone attacks on Kyiv and surrounding region overnight on June 23.

The Kyiv IndependentLucy Pakhnyuk

Ukrainian state grid operator Ukrenergo's supervisory board has appointed Vitaliy Zaichenko, the company's current chief dispatcher, as its new head, Ukrainian media reported on June 23.

The appointment comes after ten months of interim leadership following the controversial dismissal of former CEO Volodymyr Kudrytskyi in September 2024.

The company has been under temporary management of Oleksiy Brekht while the supervisory board struggled with prolonged disputes over the selection process.

Ukrenergo, which operates Ukraine's electricity transmission system and is a member of the European electricity grid network (ENTSO-E), plays a critical role in the country's energy security, especially during wartime when Russian attacks have repeatedly targeted energy infrastructure.

Zaichenko beat out two other finalists: Oleksiy Brekht, the interim head of Ukrenergo, and Ivan Yuryk, former acting head of Ukrainian Railways.

The supervisory board's June 4 attempt to elect a new CEO failed amid conflict with the Energy Ministry, which changed appointment rules without consulting the Energy Community Secretariat, drawing criticism from European partners.

The new rules complicated the selection process by requiring five out of seven supervisory board votes instead of the previous four needed to elect a chairman.

According to Ukrainian MP Max Khlapuk, the European Bank for Reconstruction and Development (EBRD) threatened to block 141 million euros ($152 million) in funding and demand early repayment of 533 million euros ($574 million) already received over the rule changes.

Former Ukrenergo CEO Volodymyr Kudrytskyi was dismissed on Sept.2, 2024, after President Volodymyr Zelensky called for his resignation over alleged failures to protect substations from Russian missiles and drones.

Kudrytskyi disputed this account, saying he initiated the supervisory board meeting himself, though he did not reveal the reasons for his dismissal.

Following Kudrytskyi's dismissal, supervisory board chairman Daniel Dobbeni and member Peder Andersen resigned early, citing political pressure in personnel decisions.

Ukrainian energy giant to build $115 million solar program with British partner

Ukraine’s largest private energy company DTEK and British clean energy group Octopus Energy have launched a program to install rooftop solar panels and battery storage systems at Ukrainian businesses and public institutions, DTEK announced in a press release on June 23.

The Kyiv IndependentYana Prots

Ukraine's largest private energy company DTEK and British clean energy group Octopus Energy have launched a program to install rooftop solar panels and battery storage systems at Ukrainian businesses and public institutions, DTEK said in a press release on June 23.

The program, called RISE (Resilient Independent Solar Energy), was announced at Octopus Energy's Tech Summit in London and aims to raise 100 million euros ($115 million) to finance 100 energy projects over three years, helping stabilize the grid, lower electricity costs and protect customers from outages, the company said.

DTEK’s facilities have been repeatedly targeted since the start of Russia’s full-scale invasion as Moscow sought to cripple Ukraine's energy infrastructure. The company was forced to shut down its gas production facilities in Poltava Oblast in March.

"About 70% of Ukraine's thermal generation capacity has been damaged, destroyed or seized since the full-scale invasion," said DTEK CEO Maksym Timchenko in the press release.

“This has created not only an urgent need to rebuild but also an opportunity to accelerate the shift to a decentralized, renewable energy system,” he added.

The alternative energy systems will be installed by D.Solutions, DTEK's business unit operating under the Yasno retail brand.

Installed equipment will run on Octopus Energy's AI-powered Kraken operating system, enabling businesses to optimize energy use in real time, reduce consumption during peak hours and sell surplus electricity back to the grid.

"They (DTEK) are rebuilding at pace and pioneering a decentralized, smart energy system powered by homegrown renewables," said Greg Jackson, Octopus Energy Group founder and CEO.

According to DTEK, Ukraine's commercial and industrial energy market has an untapped potential of 300 megawatts annually, valued at 200 million euros ($229 million). DTEK's Yasno brand serves over 60,000 business customers and can generate projects worth 30 million euros per year.

DTEK previously announced plans to build one of Europe's largest energy storage facilities with six installations across the country, totaling 200 megawatts to power 600,000 households. The company secured a $72 million loan from three Ukrainian banks.

Russia pulls its scientists out of Iranian nuclear plant, as Israeli strikes threaten decades of collaboration

Israel’s strikes on Iranian nuclear facilities have alarmed none more than Russia, the country that first brought nuclear power to Iran in defiance of Western objections. We’re “millimeters from catastrophe,” said Kremlin spokeswoman Maria Zakharova on June 18 in response to a bombing campaign that Israel launched against Iran on June 13. Decades of conflict with the West have united Iran and Russia, despite a cultural gulf between the two nations that dwarfs the Caspian Sea that physically di

The Kyiv IndependentKollen Post