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Ukraine's Government

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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 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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