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Andriy Pyshnyi, Ukraine Central Bank Governor in Kyiv, Ukraine, in a photograph posted on 4 June 4, 2026.
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‘We created a unique system for the defense sector:’ Full interview with Ukraine's central bank governor

by Luca Léry Moffat

For four years, Ukraine’s central bank has faced full scale-invasion, bouts of inflation, and the relentless task of keeping Ukraine’s financial system afloat through it all. But under Governor Andrii Pyshnyi’s tenure, which started in late 2022, the bank has also overseen the monumental rise of Ukraine’s mil-tech sector, progress towards privatization Ukraine’s massive state-owned banks, and — slowly but surely — alignment with EU regulation, which the bank aims to complete by the end of 2027.

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New EU steel quotas are a crippling hit to Ukraine's industry

The EU's new steel allocation, set to enter into force on July 1, was introduced in response to global steel overcapacity, which has been hurting EU producers. The measure aims to restrict tariff-free steel imports to 18.3 million metric tons per year, a 47% reduction.

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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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