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Reconstruction: News

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Sense Bank appoints new board member after corruption probe

Peter Novak, a Slovak with 25 years of experience in the IT and banking sectors, replaced former board member head Mykola Hladyschenko after he was officially dismissed from his position on Aug. 21 by the government due to his suspected involvement in a money laundering scheme.

About Reconstruction

Ukraine's reconstruction effort addresses damage estimated at at least $588 billion, according to a World Bank assessment. Russia's full-scale invasion has destroyed or damaged millions of residential buildings, thousands of schools and hospitals, and critical infrastructure across multiple oblasts. International donors and financial institutions coordinate recovery programs through mechanisms including the Multi-Agency Donor Coordination Platform.

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