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For Ukraine's mil-tech startups, access to credit remains a battlefield

When a bank asked Ukrainian defense tech company TAF Industries to pledge its assets as collateral for a simple bank loan, the company faced a dilemma: it couldn't reveal the location of its manufacturing facilities. To prove the factory existed, TAF came up with a bold workaround — blindfolding bank officials and driving them to the site. "It worked — they gave us a loan," Volodymyr Zinovskyi, CEO at TAF Industries, told the Kyiv Independent in a cafe in downtown Kyiv. Well into the fifth ye

Ukraine has a billion-dollar winter survival plan. It just can't pay for it yet.

As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring. The next few months are a race against time to prepare for what energy experts warn will be another difficult winter under constant Russian bombardment. Ukraine not only needs to repair equipment after Russia wiped out nine gigawatts of power generation last winter, but also deve

Electricians from DTEK inspect damaged equipment on an electricity pylon in Kyiv Oblast, Ukraine, on Jan. 14, 2026. (

About Privatization

Ukraine's privatization program aims to transfer state-owned enterprises to private ownership to improve the economy's competitiveness. Ukraine’s State Property Fund manages auctions for state assets ranging from small businesses to large industrial facilities, with proceeds designated for defense and reconstruction needs. Ukraine suspended privatization of strategic enterprises in March 2022 following Russia's full-scale invasion, but resumed limited sales of non-critical assets in 2023.

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