Business

Despite wartime reforms, Ukraine’s state-owned company clean-up still misses the mark

Ukraine’s reset of its state-owned companies has won back some of the trust from Western partners after the country’s worst wartime corruption scandal, but critics warn it doesn’t do enough to address the main issue — government interference. State-owned companies, which in Ukraine dominate the energy, banking, and infrastructure sectors, have often become battlegrounds for control of their resources. The country's reformers and international partners favor independent supervisory boards to mit