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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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Friday, July 3

Ukraine strikes Russia's Saky air base in occupied Crimea for second time in a week, SBU says

Ukraine's Security Service (SBU) said on July 3 it had struck two Russian military air bases in occupied Crimea overnight, damaging or destroying at least seven military aircraft in its second reported attack on the Saky air base within a week. According to the SBU, Ukrainian drones struck seven hangars at the Saky air base where Russia stores Su-30SM, Su-30, and Su-24 fighter and bomber aircraft. The agency said the strike destroyed or damaged at least seven aircraft. The SBU also reported hi

‘We created a unique system for the defense sector:’ Full interview with Ukraine's central bank governor

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.

Andriy Pyshnyi, Ukraine Central Bank Governor in Kyiv, Ukraine, in a photograph posted on 4 June 4, 2026.

How European machinery helped build Russia's deadly missiles

Customs records obtained by the Kyiv Independent reveal that specialized metalworking equipment manufactured in Germany, Italy, Spain, and other EU countries continued reaching Russian metallurgical plants during the war through a Turkish intermediary.

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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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