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Russia-Ukraine War

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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

Key findings: * A Ukrainian state-owned bank, seized from a Russian owner in 2023, was allegedly turned into a tool for insider corruption. * A senior aide to President  Volodymyr Zelensky, Iryna Mudra, pressed to install a favored, conflicted candidate on the bank's oversight board. * Two officials who vetted him warned he had ties to a previous bank failure and a conflict of interest, but he was appointed anyway. * The bank's rushed, low-scrutiny nationalization made it easier to quietly

About War

The Kyiv Independent's coverage of Russia’s war in Ukraine. Russia launched its full-scale invasion of Ukraine on Feb. 24, 2022, after eight years of aggression against Ukraine that began in 2014 with the annexation of Crimea and fighting in Donbas. The war has resulted in tens of thousands of military and civilian casualties and displaced millions of Ukrainians. NATO and Western allies have provided military aid to Ukraine while the conflict continues across fronts in Ukraine’s south and east.

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