KI short logo

Business news

Created in collaboration between Kyiv Independent and KPMG Ukraine Gateway
An investor’s guide to
UKRAINE
Learn more
How leaked conversations suggest backroom influence at a Ukrainian bank
Business

How leaked conversations suggest backroom influence at a Ukrainian bank

by Luca Léry Moffat

A state-owned bank that formerly belonged to a Russian oligarch is at the center of a spiraling corruption scandal implicating several people close to President Volodymyr Zelensky. In transcripts of recorded conversations published by Ukrainian media outlet Ukrainska Pravda in the first weeks of May, two businessmen with ties to close friends of Zelensky discuss potential candidates for the board of Sense Bank — appearing to exert influence over a process that should be free of outside interfer

More from Business

NewsLetters

News Feed

A business plan to destroy the Russian economy

The West must move on from the last four years of economic skirmishes and declare an "Economic World War" against Russia. The $70 billion budget deficit that Russia faced at the start of the year did not manage to cripple its economy.  Since then, its oil exports soared 52% to 713 million euros ($836 million) per day in March compared to February, turning Western efforts into a case of one step forward and two steps back. Russia's windfall from oil inflation has been further boosted by U.S. Pr

Russian President Vladimir Putin in Moscow, Russia, on Feb. 5, 2026.

News from occupied Ukraine: Nuclear plant's safety at risk again, Russian military targets hit in Crimea, Berdiansk, Luhansk Oblast

This weekly update from the Kyiv Independent aims to shed light on the situation facing Ukrainians living under Russian occupation and the ever-tightening control of information imposed by the Kremlin. Key news as of May 16: * Zaporizhzhia nuclear plant relies on off-site backup power line for almost 2 months, IAEA reports * Unmanned Systems Forces hit Russian military targets in Crimea, Berdiansk, Luhansk Oblast * Ukraine struck Russian military targets in occupied Donetsk Oblast following

About Business

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.

Read more

Most Popular

Editors' Picks

News Feed