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Dominic Culverwell

Business Reporter

Dominic is the business reporter for the Kyiv Independent, reporting on Ukrainian companies, investment, energy, corruption, and reforms. Based in Kyiv, Dominic joined the Kyiv Independent team in 2023, having previously worked as a freelancer. He has written articles for a number of publications, including the Financial Times, bne IntelliNews, Radio Free Europe/Liberty, Euronews and New Eastern Europe. Previously, Dominic worked with StopFake as a disinformation expert, debunking Russian fake news in Europe.

d.culverwell@kyivindependent.com
For media & speaking inquiries:
press@kyivindependent.com

Articles

Business

Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

by Dominic Culverwell
Documents obtained by the Kyiv Independent show that a scheme at the center of Ukraine’s latest corruption scandal was years in the making, built by manipulating a state-owned bank’s oversight board after its nationalization in 2023. On Aug. 19, Ukraine's anti-corruption authorities accused associates of President Volodymyr Zelensky of using Sense Bank, formerly Russian-owned Alfa Bank, to launder Hr 150 million ($3.4 million). The National Anti-Corruption Bureau (NABU) says the funds were used
Business

Ukraine wants foreign investors to buy its state assets. So far, they’re not biting

by Dominic Culverwell
Subscribe to the Newsletter Ukraine Business Roundup Subscribe Ukraine's government wants to sell thousands of state-owned assets that are overwhelmingly unprofitable, inefficient, or nonoperational — sometimes all three. But it's facing a problem. Low prices aren’t enough to attract the foreign investors Ukraine wants most, particularly those from Europe. As Ukraine positions itself as an investment opportunity rather than a charity case to foreign partners, the country's State P
Business

Ukraine faces race against time as Russia chokes Black Sea ports

by Dominic Culverwell
Smoke billowing over the Black Sea is now an everyday sight in Odesa Oblast as Russia continues to strike ports and vessels in Ukrainian waters. But it’s on land that the impact of Russia’s campaign is most keenly felt, with Ukraine facing an economic crisis unless the country finds a solution soon. The biggest victims are Ukraine’s agricultural and steel firms — both key economic drivers — which are cut off from crucial trading routes via the Black Sea. Ukraine could lose 1%-1.5% of its gross
Business

Ukraine's pornography ban fuels corruption. Legalization could boost war funding

by Dominic Culverwell, Kateryna Denisova
Editor’s note: The two OnlyFans models interviewed for this article are referred to by pseudonyms for security reasons. Whenever there's a knock at Velma's door, she immediately fears it's the police. The young Ukrainian woman isn't a drug dealer or Russian spy, but instead a former adult OnlyFans model — a profession that is illegal in Ukraine under its strict anti-pornography laws. Velma initially started as a social media manager for an OnlyFans agency which manages the operations of the mo

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