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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'
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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

by Dominic Culverwell

Documents obtained by the Kyiv Independent show that a scheme at the center of Ukraine’s latest corruption scandal was years in the making, built by manipulating a state-owned bank’s oversight board after its nationalization in 2023. On Aug. 19, Ukraine's anti-corruption authorities accused associates of President Volodymyr Zelensky of using Sense Bank, formerly Russian-owned Alfa Bank, to launder Hr 150 million ($3.4 million). The National Anti-Corruption Bureau (NABU) says the funds were used

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Drama, determination, and risk: Remembering how Ukraine's independence unfolded

Editor's note: Because both authors were direct participants in the events described, they are referred to by their first names — Nadia and Robert — throughout, to distinguish their individual roles and recollections. Neither the United States nor any other country recognized Ukrainian independence when, on Aug. 24, 1991, the Verkhovna Rada adopted its Act of the Declaration of the Independence of Ukraine. That fact is worth remembering. Why? Because passage of the Declaration reflected a shar

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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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