Politics

Explainer: How Ukraine’s biggest corruption scheme persisted despite all odds
Politics

Explainer: How Ukraine’s biggest corruption scheme persisted despite all odds

by Oleg Sukhov

Ukraine's largest corruption scandal in years came to light last year with a wave of arrests, sanctions, and a political shakeup. New revelations over the past few weeks suggest that produced little result. Last November, Ukraine’s anti-corruption authorities' Operation Midas uncovered a $100 million money-laundering and bribery scheme that implicated high-ranking officials and associates close to President Volodymyr Zelensky, largely through state-owned energy company Energoatom. At the cente

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Ukrainian forces reportedly strike Russian oil refinery, military airfield

Separately, Telegram channels reported drones entering the industrial zone of the Yaroslavl oil refinery before publishing footage that appeared to show the facility on fire following explosions. Ukrainian drones have targeted oil refineries in this area in the recent past.

US makes major wartime bet on Ukraine’s largest private energy company with 85 million euro investment

Ukraine’s biggest private energy firm, DTEK, has secured an 85 million euro ($97 million) loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16. With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increasingly searched for investors to

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