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For Ukraine's mil-tech startups, access to credit remains a battlefield

When a bank asked Ukrainian defense tech company TAF Industries to pledge its assets as collateral for a simple bank loan, the company faced a dilemma: it couldn't reveal the location of its manufacturing facilities. To prove the factory existed, TAF came up with a bold workaround — blindfolding bank officials and driving them to the site. "It worked — they gave us a loan," Volodymyr Zinovskyi, CEO at TAF Industries, told the Kyiv Independent in a cafe in downtown Kyiv. Well into the fifth ye

About DTEK

DTEK is Ukraine's largest private energy company, operating thermal power plants, renewable facilities, coal mines, and electricity distribution networks across the country. Russian attacks have destroyed significant portions of DTEK's generation capacity since February 2022, with the company reporting billions in damages.

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