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Andriy Pyshnyi, Ukraine Central Bank Governor in Kyiv, Ukraine, in a photograph posted on 4 June 4, 2026.
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‘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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Exclusive: Trump, Zelensky to discuss strategy to pressure Russia into peace talks

President Volodymyr Zelensky and U.S. President Donald Trump will exchange ideas on how to end Russia's all-out war against Ukraine during a July 8 meeting at the NATO summit in Ankara, two people familiar with the matter told the Kyiv Independent. The meeting comes as Ukraine believes that there is now an opportunity to pressure Russian President Vladimir Putin to engage in direct negotiations with Zelensky. Kyiv hopes to capitalize on what it views as growing pressure on the Kremlin, while a

The peace in Ukraine that worries NATO

A potential ceasefire would provide Ukraine a much-needed respite — but would raise difficult security questions for NATO states along Russia's frontier. Even as the U.S.-led peace push has slowed, officials in Kyiv still hope they can end the active phase of fighting before winter. And while Europe firmly backs these efforts, its planners are increasingly sounding the alarm about the prospect of battle-hardened, modernized Russian armies freed for deployment along the Baltic or Nordic borders

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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