Politics

Explainer: How Ukraine’s biggest corruption scheme persisted despite all odds
Politics

Explainer: How Ukraine’s biggest corruption scheme persisted despite all odds

by Oleg Sukhov

Ukraine's largest corruption scandal in years came to light last year with a wave of arrests, sanctions, and a political shakeup. New revelations over the past few weeks suggest that produced little result. Last November, Ukraine’s anti-corruption authorities' Operation Midas uncovered a $100 million money-laundering and bribery scheme that implicated high-ranking officials and associates close to President Volodymyr Zelensky, largely through state-owned energy company Energoatom. At the cente

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US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment

Ukraine’s biggest private energy firm, DTEK, has secured an $85 million loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16. With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increasingly searched for investors to bolster its grid b

Ukraine war latest: Russian general eliminated in occupied part of Donetsk Oblast, military says

Key developments on Sept. 16: * 'In his nighttime lair' — Russian general eliminated in occupied Donetsk Oblast, military says * Partisans claim sabotage at Russian plant producing missile components * 40% of Ukrainians ready to relocate if conditions deteriorate 'significantly' this winter, poll reveals * Russia plans new prison complex in occupied Kherson Oblast among wider prison expansion * Ukraine approves more than 80 companies for private air defense * Ukraine hits Russian bomber i

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