After being given an advance payment to extend a subway line, the Kyivmetrobud contractor allegedly deposited a $58 million portion of the payment to a bank and has made $5.4 million off the interest since 2019. Kyivmetrobud hasn’t publicly addressed the accusations.
The city administration is suing the company to get the money made off the interest back, plus a $1.7 million compensation for “unreasonable use of budget funds,” according to the Kyiv City Prosecutor’s Office.
The funds had been allocated to extend Kyiv’s “green” Syretsko-Pecherska subway line north to the Vynohradar district.
Igor is a reporter at the Kyiv Independent. He has previously covered conflict in the Middle East, investigated corruption in Ukraine and man-made environmental damage in Southeast Asia. He has a Master’s in Journalism from the CUNY Graduate School of Journalism and was published in the Kyiv Post, USA Today, The Atlantic, Daily Beast and Foreign Policy.
Ukrainian forces resumed strikes on Russia's largest online retailer, Wildberries, following several days of strikes on competitor Ozon, monitoring channels reported Aug. 26 as explosions rocked Tambov Oblast and Ukraine's occupied territories.
An oil refinery in Kazakhstan is set to process Russian crude and send 70% of its diesel and gasoline output back to Russia amid shortages as a result of Ukrainian attacks, Kazakh Energy Minister Yerlan Akkenzhenov said Aug. 25.
The High Anti-Corruption Court on Aug. 25 placed Iryna Mudra, a former deputy head of the President's Office, in custody for two months in a graft case and set bail at Hr 20 million ($448,000).
"Our contribution plays a major role in getting funds to Ukraine, but it is not sufficient on its own," a European Commission spokesperson said, adding that other partners must "follow suit."
Peter Novak, a Slovak with 25 years of experience in the IT and banking sectors, replaced former board member head Mykola Hladyschenko after he was officially dismissed from his position on Aug. 21 by the government due to his suspected involvement in a money laundering scheme.
The decision could help Ukraine move closer to producing the missiles at home. The U.K. has agreed to let European defense company MBDA share classified technical information on British-made parts of SCALP missiles with Ukraine, the U.K. government said on Aug. 24.
Russia launched an Iskander-M ballistic missile, a Kh-31P guided missile, and 150 drones at Ukraine, the Air Force said. As of 9 a.m., air defenses had downed or suppressed 124 drones, while strikes were recorded at 17 locations. The attack was still ongoing at the time of the report.
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