Featured Ukraine

U.S. Bars Ukrainian Banking Tycoon Over Corruption Allegations

The Biden administration on Friday imposed sanctions on a Ukrainian banking tycoon and former public official and his family for alleged corruption, marking a renewed effort by the U.S. to help Kyiv address a problem that finance officials say is at the heart of the country’s economic and political woes. Read More

Crimean Opera House Pulls Back Curtains On Russian Sanctions Loophole

Sanctions have prohibited companies from doing business with the Russian authorities controlling Crimea for more than six years, but Western participation in the development of a bold, seagull-inspired opera house flies in the face of that ban. The Sevastopol State Opera and Ballet Theater, designed by the avant-garde Austrian architectural… Read More

Ex-Privatbank CEO Named as Suspect in $5.5 Billion Fraud Case

Ukraine said three former senior managers at the country’s biggest bank are suspects in a $5.5 billion fraud, signaling efforts to bring criminal liability in the long-standing probe may be intensifying. The case is a litmus test of President Volodymyr Zelenskiy’s willingness to crack down on corruption that’s dogged the… Read More
16th February 2021
The Russian Federation has imposed sanctions against the Centrenergo energy generating company, the UkrOboronProm state-run concern, and the Ukrspecexport, a state-run enterprise engaged in exportation and importation of military and specific goods and services, for the export and import of military and special-purpose products and services. That is stated in… Read More
15th February 2021
By David Leask, openDemocracy, 12 February 2021 openDemocracy – It was epic, Mykhaylo Shtekel says, and it was cold. He often remembers the early winter day in November 2019 that a tanker, the Delfi, ran aground on one of the golden beaches that stretch south from the… Read More
2nd February 2021
Ukraine’s state security service (SBU) is investigating a shareholder meeting of Motor Sich, the maker of jet engines for the defense industry, after the government imposed sanctions against Chinese investors seeking to purchase a stake in the company. Law enforcement raided Motor Sich on January 31 in the southern industrial… Read More
28th January 2021
The government of Ukraine at a meeting on Wednesday approved a resolution developed by the Ministry of Infrastructure on proposals for the application and amendments to personal special economic and other restrictive measures (sanctions). The resolution of the Cabinet of Ministers provides for the imposition of sanctions against 13 Russian… Read More
19th January 2021
The President’s Office has drafted a bill that would prevent the National Anti-Corruption Bureau of Ukraine (NABU) from investigating top-level corruption, the Anti-Corruption Action Center said on Jan. 18, citing its sources. This information was independently confirmed by Slovo i Dilo, a news site. The President’s Office’s press service couldn’t… Read More
13th January 2021
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We… Read More
12th January 2021
The Trump administration imposed sanctions on Monday against seven Ukrainians — including two who assisted President Trump’s personal lawyer Rudolph W. Giuliani — for being part of what it called “a Russia-linked foreign influence network” that spread “fraudulent and unsubstantiated allegations” about President-elect Joseph R. Biden Jr. during the 2020… Read More
31st December 2020
U.S. prosecutors on Wednesday accused Ukrainian tycoon Ihor Kolomoisky and another Ukrainian businessman of using misappropriated funds to buy real estate in Ohio, following earlier similar U.S. allegations involving property in Kentucky and Texas. Kolomoisky, one of the most prominent tycoons in Ukraine and regarded as a key political backer… Read More
8th December 2020
Ukrainian lawmakers on Friday approved a draft law that would restore accountability for false asset declarations by officials, improving the government’s chances of securing more foreign aid for an economy battered by the COVID-19 pandemic. The vote sought to repair the damage from a decision taken… Read More
1st December 2020
By Will Fitzgibbon, ICIJ, 30 November 2020 ICIJ — JPMorgan Chase, America’s largest bank, helped move millions of dollars for a New Jersey con man long after he was first accused of ripping off customers looking for good deals on the used cars of their dreams. Many borrowed from… Read More