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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

A general view of the Rivne Nuclear Power Plant is seen in Varash, Rivne Oblast, Ukraine, on Sept. 10, 2023.

About Ukraine

The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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