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David Arakhamia's long game for power

As the Ukrainian government was engulfed in a major corruption scandal last November, the biggest one in years, a number of lawmakers from President Volodymyr Zelensky's party saw it as a do-or-die moment. The attention was fixed on one man: Andriy Yermak, the president's powerful chief of staff. For years, Yermak had accumulated influence to a degree that frustrated ministers, lawmakers, and even some members of the president's inner circle. Now, as investigators closed in and the political pr

Naftogaz CEO Koretskyi set to become Ukraine's next PM, Svyrydenko's future uncertain, sources say

Editor's note: The story was updated after a person familiar with the matter told the Kyiv Independent that Yuliia Svyrydenko has not yet agreed to accept the post of an ambassador in Washington. Naftogaz CEO Serhii Koretskyi is set to become Ukraine's next prime minister, a Ukrainian official and a person familiar with the matter told the Kyiv Independent. The expected appointment comes after Prime Minister Yuliia Svyrydenko confirmed on July 12 that she would step down following President Vo

About EBRD

The European Bank for Reconstruction and Development is a multilateral bank founded in 1991 with headquarters in London. The EBRD supports economic development across Central and Eastern Europe and has invested over €20 billion in Ukraine since 1993, making it the bank's largest country of operations. Since February 2022, the bank has mobilized emergency financing for infrastructure repairs and reconstruction.

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