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It's official — Ukraine has a new bank
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It's official — Ukraine has a new bank

by Luca Léry Moffat

Ukraine will have a new bank on its books as of tomorrow, after Estonian fintech Iute Group finalized its entry into the market on March 16 — the first foreign bank to enter the country's competitive banking sector since 2021. Representatives from Iute and Ukraine's Deposit Guarantee Fund announced on Monday at a press conference in Kyiv that Ukraine's central bank had approved the sale, paving the way for the bank to begin operations tomorrow. Iute purchased a bridge bank from Ukraine's guara

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The Russian opposition group helping find Ukrainian civilians captured by Russia

When Ukrainian citizens are captured and disappeared into Russian prisons, their families and government often have no way to reach them, let alone help. Yet, behind the scenes, a network of pro-democracy Russians — some in exile, others still inside the country — work alongside Ukrainian officials to make sure no one is forgotten. Since Russia’s full-scale invasion began in 2022, the Free Russia Foundation’s “Poshuk.Polon” (“Search.Captivity”) project has worked to track, document, and advoca

Russian police officers guard the entrance to Penal Colony No. 2, in Pokrov, Russia, on April 6, 2021.

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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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