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Donetsk Oblast: News

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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

Key findings: * A Ukrainian state-owned bank, seized from a Russian owner in 2023, was allegedly turned into a tool for insider corruption. * A senior aide to President  Volodymyr Zelensky, Iryna Mudra, pressed to install a favored, conflicted candidate on the bank's oversight board. * Two officials who vetted him warned he had ties to a previous bank failure and a conflict of interest, but he was appointed anyway. * The bank's rushed, low-scrutiny nationalization made it easier to quietly

About Donetsk Oblast

The Kyiv Independent's news and on-the-ground reporting from Donetsk Oblast, covering 26,517 square kilometers (10,239 square miles) in Ukraine’s East with a pre-war population of approximately 4.1 million. The administrative center is Kramatorsk, as Donetsk city has remained under Russian occupation since 2014. Donetsk Oblast has been the scene of intense fighting, for example, around the cities of Bakhmut, Avdiivka, and Vuhledar, as Moscow attempts to capture the entire region.

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