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

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

by Luca Léry Moffat

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

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History haunting Ukraine-Poland relations, again

History is rattling Ukraine-Poland relations, yet again. The new round of historic grievances erupted in Poland when President Volodymyr Zelensky named a Ukrainian special forces unit after the Ukrainian Insurgent Army (UPA) — an organization that fought for Ukrainian independence during and after World War II, but which evokes painful memories in Poland. In Ukraine, the UPA represents a historical struggle against Moscow's domination — a legacy that feels especially alive amid Russia's full-s

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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