New US-World Bank partnership to de-risk investment in Ukraine
The partnership with the World Bank's insurance arm, the Multilateral Investment Guarantee Agency or MIGA, will insure DFC projects in Ukraine against political and war-related risks.
Team
Dominic Culverwell
Business ReporterDominic 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.
Articles
Zelensky mails revoked Polish medal back to Warsaw
Sending the medal back via Nova Post, Ukraine’s leading postal service, President Volodymyr Zelensky thanked the Polish people for their support and solidarity during Russia’s full-scale invasion.
Russian oil, gas sites in Crimea and Siberia hit by Ukrainian drones
Ukrainian forces hit four gas compressors in Russian-occupied Crimea and an oil refinery in the Siberian city of Tyumen on June 20.
Ukraine's ex-culture minister suspect in border-crossing scheme using bogus music groups
The scheme involved men pretending to be musicians going on charity tours abroad, with the former minister signing documents to the State Border Guard permitting them to cross the border.
Hungary lifts Orban-era ban on Ukrainian media
The decision by Viktor Orban's Fidesz party to block 12 Ukrainian newspapers in September 2025 only sought to deepen divisions between Kyiv and Budapest, said Hungarian Social Relations and Culture Minister Zoltan Tarr.
Russian attacks kill three and injure 45 civilians in Ukraine over last day
In the city of Kharkiv, two people were killed and 10 were injured, including a child and a teenager, after Russian drones and glide bombs struck apartment buildings in an overnight attack, Kharkiv Oblast Governor Oleh Synehubov wrote on his Telegram channel.
Polish president strips Zelensky of honorary title over military unit controversy, as Kyiv calls decision 'strategic mistake'
Editor's note: This article has been updated with additional details and comments from officials.
Polish President Karol Nawrocki stripped President Volodymyr Zelensky of the country's honorary Order of the White Eagle title on June 19 following public outcry over Zelensky's decision to name a serving Ukrainian military unit after the Ukrainian Insurgent Army (UPA).
A World War II-era organization that fought for Ukraine's independence, the UPA is remembered in Poland primarily for its role in
Why Ukraine’s nuclear corruption cleanup is taking so long
Kyiv vowed to clean up corruption at Ukraine’s troubled state-run nuclear company, but seven months after the country’s most significant wartime corruption scandal, the old system remains largely intact.
Energoatom, which operates three working nuclear plants that generate more than 60% of Ukraine’s electricity, became the poster child for Kyiv’s wartime corruption after anti-graft authorities uncovered a $100 million kickback scheme last November.
Among the perpetrators were close associates
US trade regulator accuses billion dollar Ukrainian IT giant of fraud
A federal court has temporarily halted the operations of 15 corporations and eight individuals under the Kyiv-based firm Genesis Tech, which the U.S. Federal Trade Commission said in a public statement deceived consumers with hidden costs, recurring charges, and convoluted mechanisms to cancel subscriptions.
Why Ukraine's financial intelligence chief is facing an anti-corruption probe
Detectives from Ukraine’s anti-corruption bureau searched the country’s State Financial Monitoring Service as part of an investigation into the agency’s head, Filip Pronin, who is a suspect in a multimillion-dollar embezzlement scheme, an official close to the matter confirmed to the Kyiv Independent on condition of anonymity on June 12.
Ukrainian media first reported that the National Anti-Corruption Bureau (NABU) had searched the offices on June 10.
Yaroslav Zhelezniak, a lawmaker and deputy
'Great news for Ukraine's investment climate' — What we know about ex-Google CEO's Kyiv real estate investment
Forbes Ukraine first reported on June 8 that Schmidt and his wife, Wendy Schmidt, had acquired a combined 36% stake in seven companies under the Dragon Capital group, a major Kyiv-based investment firm.
Ukraine has a billion-dollar winter survival plan. It just can't pay for it yet
As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring.
The next few months are a race against time to prepare for what energy experts warn will be another difficult winter under constant Russian bombardment. Ukraine not only needs to repair equipment after Russia wiped out nine gigawatts of power generation last winter, but also deve
Explosion at major Ukrainian postal company kills one, injures two in Kyiv
The explosion occurred at 4:15 a.m. local time at a sorting depot in the capital’s Obolon district during a quiet night without any Russian air attacks, Nova Post’s press service confirmed to the Kyiv Independent on June 5.
Thousands of bogus Ukrainian companies involved in massive capital flight scheme, tax authority says
More than 2,300 companies carried out over Hr 198 billion ($4.5 billion) in foreign trade transactions and then largely vanished, State Tax Service head Lesya Karnaukh wrote on social media. The majority — 1,243 companies — were involved in exporting goods.
World’s largest shipping firm invests in Ukrainian port near Odesa despite war risks
The Swiss-headquartered Mediterranean Shipping Company acquired a stake in the TIS container terminal in Ukraine's Pivdennyi Port, one person with close knowledge of the deal confirmed to the Kyiv Independent, who was granted anonymity to discuss closed talks.
