Ukraine's Government

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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 Government

Ukraine's government operates under a semi-presidential system, with executive power divided between the president and the Cabinet of Ministers headed by the prime minister. The Verkhovna Rada, Ukraine's 450-seat parliament, holds legislative authority and oversees government activities through committees and parliamentary inquiries.

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