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

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

About Baltics

The Baltics comprise Estonia, Latvia, and Lithuania, three NATO member states on the Baltic Sea that together cover 175,000 square kilometers (67,568 square miles). The countries have a combined population of approximately 6 million. The Baltics strongly support Ukraine with military aid, refugee assistance, and international advocacy, and view Russian aggression as an existential threat due to their shared history of Soviet occupation.

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