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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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Inside the Ukrainian military's fight to motivate new recruits

KHARKIV OBLAST — New recruits walk into a small, overcrowded log-framed tent, taking their place in the line for lunch to fuel up for the long day of training ahead. The line ends at two large steaming pots: one filled with potato-and-bean soup, the other with sausages. Laughter and chatter from those who arrived early enough to be the first to eat bring warmth to what could otherwise be a bleak atmosphere. The recruits would soon be deployed to the front, many of them about to face the harshes

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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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