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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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'Everything just kept detonating' — Devastating Russian attack hits quiet Kyiv suburb of Vyshneve

Residents of the small town of Vyshneve, on Kyiv's western edge, have described scenes of terror amid Russia's latest devastating missile and drone attack on the capital, as they found themselves fleeing a series of massive explosions after a strike on the town. "A huge mushroom cloud rose into the sky. Burning fragments kept flying behind us. They were so high, but it felt like everything was on fire," Diana Liashchuk, 21, told the Kyiv Independent. "I called my mom just to tell her not to wo

destroyed property at the site of a Russian night attack in Vyshneve, Kyiv Oblast, Ukraine, on July 6, 2026.

Ukraine war latest: For second time in 4 days, Russia targets Kyiv, killing at least 26 in mass missile attack

Key developments on July 6: * For second time in 4 days, Russia targets Kyiv with mass missile attack, killing at least 26 * Russia’s largest oil refinery in flames as Ukraine strikes Omsk, 2,500 km away from border * Ukraine strikes Russian oil refinery in Yaroslavl Russia launched waves of missiles and drones toward Kyiv overnight on July 6, killing at least 26 people and injuring dozens more, including seven children, just hours after President Volodymyr Zelensky warned of yet another la

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

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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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