U.S. Treasury Secretary Scott Bessent cited Ukraine’s attacks on Russian oil infrastructure as one of the causes of the global energy crisis and rising energy prices, according to The New York Times.
“We are currently experiencing an energy shock due to the war in Ukraine, as Ukraine has decided to target Russian energy assets and oil refineries, which is driving up prices globally,” Bessent said.
According to The New York Times, Bessent made this statement after two days of meetings in North Carolina with finance ministers from around the world. He cited Ukraine’s strikes on Russian oil infrastructure as one of the causes of the global energy crisis, which he said was primarily caused by the U.S. war with Iran.
The publication notes that Bessent’s remarks came after the U.S. invited Russian Finance Minister Anton Siluanov to the G20 meeting, a move that drew criticism from some of Ukraine’s allies.
Bessent also defended his bilateral meeting with Siluanov, citing the need for cooperation to resolve Russia’s war against Ukraine.
At the same time, as the American publication notes, Bessent’s criticism of Ukraine’s military tactics sparked a negative reaction among Ukrainians.
Source: https://www.nytimes.com/2026/09/03/business/bessent-energy-prices-ukraine.html
The Antimonopoly Committee of Ukraine (AMCU) has granted JSC “ZNVKIF ‘Kingston’” permission to acquire control over Dmitry Buryak’s LLC “Business Center on Illinskaya.” According to a statement on the agency’s website, the relevant approval was granted on Thursday.
According to data from the YouControl analytical system, the ultimate beneficiary of JSC “ZNVKIF ‘Kingston’” (Kyiv) is listed as Oleg Vysotsky, who served as head of the State Consumer Standards Service in 2006.
The owner of “BC on Illinska” LLC (Kyiv) is listed as “Concern Europe” LLC (100%), and the ultimate beneficiary is businessman Dmytro Buryak.
The “Ilyinsky” Business Center is part of the portfolio of the DeVision group of companies, whose board of directors was chaired by Buryak. According to information on the business center’s website, its total area is 44,200 square meters, with 37,100 square meters of office space. The underground parking garage has 154 parking spaces.
DeVision is also developing the Seven residential complex in the Darnytskyi district of the capital in partnership with Stolitsa Group. In addition, Buryak owns the company that commissioned the construction of the “Ilyinsky” residential complex at 21 Naberezhno-Khreshchatytska Street in Kyiv’s Podilskyi district.
As previously reported, Oleg Vysotsky’s Comfort Mol LLC received approval from the AMCU in August 2026 to acquire a single property complex from Osta Plus LLC, owned by Alexander and Sergey Buryak.
Labor shortages, high construction costs, and the slow implementation of reforms and permitting procedures are the main challenges facing developers and architects in Ukraine during the war, according to representatives of the construction industry who spoke at the roundtable discussion “Building the Future: Development in Wartime.”
“There is a very severe shortage of construction workers. We all felt this problem this past spring. As a company owner, I am looking for people to finish building our projects,” said Oleksiy Baranov, founder and CEO of A Development, at the roundtable hosted by the Interfax-Ukraine news agency.
In addition to purely construction-related specialties, there is also a shortage of architects on the market, said Yulia Polyukhovich, chief architect of the A Development project.
“There are many other challenges during the war. For example, there is a very severe shortage of personnel—there are very few architects right now. This is a very serious challenge, because whereas previously three or four architects would work on a project, now there may be only one,” she explained.
At the same time, architects must quickly adapt projects to reflect changes in building codes and standards, particularly regarding safety, the expert noted.
As Vitaliy Borul, CEO of CREDO Development, noted, the construction of underground shelters with emergency exits is a significant expense for developers, and therefore the government should compensate for the cost of building them.
“It looks cool, it’s safe, but it’s very expensive. I believe the government should compensate for the cost of underground shelters. The government is responsible for people’s safety, so we need to reach some kind of agreement with the government, and it should cover these costs,” the expert said.
Developers have also seen a significant increase in construction costs. Furthermore, the market reacts to every enemy attack on the city—after “strikes,” housing sales drop. Insurance against construction risks is also very expensive, Baranov noted.
“Before the war, the calculation was simple: the cost of materials (concrete or brickwork) was equal to the cost of labor. Today, the cost of labor exceeds the cost of materials by 2–3 times,” said the founder of A Development.
According to Baranov, significant obstacles are also created by unresolved procedures regarding the adoption of subordinate legislation by the government and ministries, particularly in the area of cultural heritage protection. At the same time, Kyiv’s local authorities have not considered land allocation requests for 1.5 years.
“For example, amendments were made to the law on cultural heritage, but the Ministry of Culture has not yet approved the relevant regulations. In May 2022, amendments came into effect under which it is impossible to carry out any work in the central historic area without designated zones and regulations. Yet the procedure was only approved in May of this year—meaning four years have passed. And yet, for example, there is still no procedure regarding heritage sites,” he noted.
Baranov emphasized that construction in Kyiv’s historic center must be well-thought-out and transparent, but at the same time controlled by the city.
“Kyiv must set an example. Construction is very expensive, and you can’t just erase a building with an eraser. We need to adopt an approach that ensures everything happens transparently and quickly, while still building structures that will remain relevant for years to come,” the expert said.
The Deposit Guarantee Fund (DGF, the Fund) has listed the first three land plots belonging to the bankrupt RVS Bank in the village of Pohreby (Brovary District, Kyiv Region)—with a total area of 2.23 hectares—for sale on the “Prozorro. Sales” system the first three land plots belonging to the bankrupt RVS Bank in the village of
Pohreby (Brovary District, Kyiv Region), with a total area of 2.23 hectares, at a combined starting price of 11.3 million UAH.
According to the announcement, the land plots are intended for the construction of a residential building and outbuildings.
The starting price for the 0.93-hectare plot is 4.7 million UAH, for the 0.55-hectare plot—2.8 million UAH, and for the 0.75-hectare plot—3.8 million UAH.
The auction for the first plot is scheduled for October 2, and the auctions for the other two are set for October 5, 2026. Bidding will follow the English auction model, consisting of three rounds of price increases.
The minimum bid increment for all three lots is 1% of the starting price, and the deposit is 10%.
In total, this fall, the Deposit Guarantee Fund plans to put up for sale 35 land lots belonging to RVS Bank in the Kyiv region, with a total area of 34 hectares.
All interested parties are eligible to participate in the auction, except for individuals associated with the aggressor state. Proceeds from the sale of the assets will be used to satisfy the claims of RVS Bank’s creditors.
As previously reported, the first property from RVS Bank’s assets put up for sale by the Deposit Guarantee Fund was an oil depot in the Poltava region with a starting price of 16.3 million UAH; however, the auction on June 1 did not take place due to a lack of participants.
AUCTION, Deposit Guarantee Fund, KYIV REGION, LAND, РВС Банк
The Cabinet of Ministers of Ukraine has added the following industrial parks to the Register of Industrial Parks “Horvatskyi Hostynets” (Mykolaiv, Stryi District, Lviv Region), with an area of 32.34 hectares, and “Bessarabsky AgroTech Park” (Artsyz, Odesa Region), with an area of 23 hectares, to the Register of Industrial Parks, the Ministry of Economy and Environment reported.
According to a statement on the ministry’s website, the Mykolaiv City Council is the initiator of the park’s creation in Lviv Oblast. Preliminary estimates indicate that 913 million hryvnias will be invested in the development of “Khorvatsky Gostinets” by the initiator, private investors, and the management company.
The park is expected to create approximately 1,500 new jobs.
Key areas of focus include the production of electric motors, generators, and transformers; non-metallic mineral products; machinery and equipment for the mining and construction industries; construction materials; as well as the development of mechanical engineering and alternative energy.
The city council initiated the creation of the “Bessarabian AgroTech Park” industrial park in Artsyz, where approximately 1,000 jobs are planned to be created. A total of 884 million hryvnias is expected to be raised from the initiator, private investors, and the management company to develop the facility.
The main areas of focus will be food production—specifically, the processing and canning of potatoes, fruits, and vegetables; the production of vegetable oils and animal fats; other sectors of the food industry; and alternative energy.
“Two parks—two sectors that we really need: machine building and agricultural processing. Not raw materials, but finished products,” Deputy Minister of Economy Vitaliy Kondratov is quoted as saying in the announcement.
The Ministry of Economy notes that the management company of the “Bessarabian AgroTech Park” is eligible for government incentives in the form of non-repayable financial assistance of up to 150 million hryvnia for infrastructure development.
Currently, there are 125 industrial parks registered in Ukraine, spread across nearly all regions.
As previously reported, as of the end of 2025, 37 industrial enterprises had been built or were under construction in industrial parks. The total amount of investment attracted to industrial parks exceeds 45 billion hryvnias.
Insurance Company “Busin” (Kyiv) in January–June 2026 collected UAH 134.1 million in gross premiums, which is 16.2% more than during the same period a year earlier, according to a report by Standard-Rating on the update of the insurer’s credit rating/financial stability rating at the “uaAA+” level on the national scale, based on an analysis of the specified period.
It is noted that premiums from individuals increased 9.72-fold—to 797,000 UAH—while those from reinsurers decreased by 49.92%, to 8.524 million UAH.
Premiums ceded to reinsurers during this period fell by 21.95% to 107.401 million UAH. Consequently, the reinsurers’ share of insurance premiums decreased by 39.18 percentage points to 80.11%.
Net premiums rose to 26.668 million UAH, while net earned premiums increased by 25.45% to 43.172 million UAH.
In the first half of 2026, the company paid out UAH 937,000 in insurance benefits and claims to clients, which is 10.65 times more than in the first half of 2025. Consequently, the payout ratio increased by 0.62 percentage points to 0.70%.
The agency notes that in the first six months of 2026, the insurer’s operating profit rose to 6.479 million UAH, and net profit to 15.960 million UAH.
Its assets grew by 8.81% to 304.146 million UAH, equity by 3.01%, to 201.390 million UAH, liabilities by 22.29%, to 102.756 million UAH, while cash and cash equivalents decreased by 4.41% to 231.441 million UAH.
Insurance Company “Busin” was registered in February 1993. It specializes in risk insurance. It is a member of a number of professional and industry associations—the League of Insurance Organizations of Ukraine, the Insurance Claims Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber of Commerce in Ukraine, and the British Business Club.
