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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 Energy infrastructure

Ukraine's energy infrastructure includes thermal power plants, nuclear facilities, hydroelectric stations, and an extensive transmission network. Russia has systematically targeted power generation and distribution facilities since February 2022, destroying approximately 50% of Ukraine's thermal generation capacity and causing widespread blackouts across multiple oblasts.

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The broad consensus among Russia-watchers is that the country is facing a prolonged bout of stagflation. Growth this year is unlikely to exceed 1%, and inflation is still stuck at 6% (or more). Moreover, the most promising option for reviving the economy is the least likely to be pursued, because it requires President Vladimir Putin's willingness to end the war in Ukraine. The downside risks are legion. Russian troops have barely advanced in Ukraine this year, and Russia cannot spend more on i

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