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Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

Leaked internal documents obtained by the Kyiv Independent suggest one of Ukraine's largest state-owned shipping companies is being run into the ground and may be under the influence of external interests — offering a rare look at the governance failures that continue to plague the country's state-owned enterprises. In early May, the chairman of the Ukrainian Danube Shipping Company's (UDP) supervisory board sent a lengthy letter to Ukraine's parliament. In it, he sounds the alarm over a severe

cargo ship Algrace anchors on the Danube River near the port of Izmail, Odesa Oblast, Ukraine, on July 27, 2023

Ukraine war latest: 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says

Key developments on July 7: * 'Industrial scale results' — 8 Russian shadow fleet tankers hit in Azov Sea, Ukraine's 'Madyar' says * 2 defense industry enterprises hit in Russia's Bryansk Oblast, oil depot in Belgorod Oblast, General Staff says * Ukraine signs drone cooperation deals with 3 NATO countries * Canada pledges $900 million to Ukraine for vehicles and ammo, but no air defense Ukrainian long-range drone strikes hit eight Russian shadow fleet tankers in the Sea of Azov, Ukraine's

About Vladivostok

Vladivostok is a city in far eastern Russia with a population of approximately 600,000, located 9,300 kilometers (5,778 miles) from Moscow on the Pacific coast. The city serves as Russia's main Pacific naval base and hosts military facilities. Vladivostok's strategic importance has increased as Russia deepens military and economic cooperation with China and North Korea during the war against Ukraine.

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