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Luca Léry Moffat photo

Luca Léry Moffat

Economics reporter

Luca is the economics reporter for the Kyiv Independent. He was previously a research analyst at Bruegel, a Brussels-based economics think tank, where he worked on Russia and Ukraine, trade, industrial policy, and environmental policy. Luca also worked as a data analyst at Work-in-Data, a Geneva-based research center focused on global inequality, and as a research assistant at the Economic Policy Research Center in Kampala, Uganda. He holds a BA honors degree in economics and Russian from McGill University. Luca is originally from the UK.

l.moffat@kyivindependent.com
For media & speaking inquiries:
press@kyivindependent.com

Articles

Business

Exclusive: Board members of problematic state-owned shipping giant say they are being set up to fail

by Luca Léry Moffat
Three board members of one of Ukraine's largest state-owned shipping companies say that they feel pressured to take actions that are not in the best interest of the company, neglected as they try to fix severe financial, management, and governance issues — but then accused of not having the company's best interests at heart. The board members came forward after the Kyiv Independent revealed in July that Ukraine's parliament would look into the situation at the Ukrainian Danube Shipping Company
Economy Minister Oleksiy Sobolev in Kyiv, Ukraine, on July 3, 2026.
Business

Exclusive: US fund to make 'big' investment in Ukraine's critical minerals this fall, economy minister says

by Luca Léry Moffat
A fund set up by Kyiv and Washington will make its second investment in the fall, this time backing a critical minerals project, Ukraine's economy minister said. "In the fall we will announce a big investment into critical minerals," Economy Minister Oleksii Sobolev told the Kyiv Independent in an in-depth interview, in which he spoke at length about how Ukraine is a market economy at the cutting edge of learning to live in a more uncertain world.  Sometimes referred to as the "minerals deal,"
cargo ship Algrace anchors on the Danube River near the port of Izmail, Odesa Oblast, Ukraine, on July 27, 2023
Business

Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

by Luca Léry Moffat
Leaked internal documents obtained by the Kyiv Independent suggest one of Ukraine's largest state-owned shipping companies is being run into the ground and may be under the influence of external interests — offering a rare look at the governance failures that continue to plague the country's state-owned enterprises. In early May, the chairman of the Ukrainian Danube Shipping Company's (UDP) supervisory board sent a lengthy letter to Ukraine's parliament. In it, he sounds the alarm over a severe
Andriy Pyshnyi, Ukraine Central Bank Governor in Kyiv, Ukraine, in a photograph posted on 4 June 4, 2026.
Business

‘We created a unique system for the defense sector:’ Full interview with Ukraine's central bank governor

by Luca Léry Moffat
For four years, Ukraine’s central bank has faced full scale-invasion, bouts of inflation, and the relentless task of keeping Ukraine’s financial system afloat through it all. But under Governor Andrii Pyshnyi’s tenure, which started in late 2022, the bank has also overseen the monumental rise of Ukraine’s mil-tech sector, progress towards privatization Ukraine’s massive state-owned banks, and — slowly but surely — alignment with EU regulation, which the bank aims to complete by the end of 2027.

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