Russia-Ukraine War

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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

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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