Politics

Why Ukraine's financial intelligence chief is facing an anti-corruption probe
Politics

Why Ukraine's financial intelligence chief is facing an anti-corruption probe

by Dominic Culverwell

Detectives from Ukraine’s anti-corruption bureau searched the country’s State Financial Monitoring Service as part of an investigation into the agency’s head, Filip Pronin, who is a suspect in a multimillion-dollar embezzlement scheme, an official close to the matter confirmed to the Kyiv Independent on condition of anonymity on June 12. Ukrainian media first reported that the National Anti-Corruption Bureau (NABU) had searched the offices on June 10. Yaroslav Zhelezniak, a lawmaker and deputy

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Ukraine war latest: G7 leaders 'ready to consider' granting military production licenses to Ukraine, agree to increase arms deliveries

Key developments on June 17: * G7 leaders 'ready to consider' granting Ukraine military production licenses, agree to increase arms deliveries * Ukraine strikes Russian shadow fleet tanker in Black Sea, military infrastructure, General Staff says * Ukrainian, French defense firms to receive $23 million in grants under Brave France initiative * 'Hell is beginning' — Ukraine could isolate occupied Crimea as drone strikes disrupt logistics, Fedorov says * Ukraine denies Russian claim that Ukr

The free-market case for easing Ukraine's capital controls carefully

To free market fans, of which I consider myself, "capital controls" is something of a four-letter word. They can be convoluted, complicated, and scary to international and domestic investors alike. Even when central banks and governments impose them for legitimate reasons, it is not just the bureaucratic hoops you need to jump through that stoke fear, but the reminder that investors' positions are at the whim of governmental entities. In Ukraine's case, however, capital controls were both a so

The building of the National Bank of Ukraine (NBU) in an undated photo.
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