Ukraine registered 1,344 money laundering (Article 209) cases in 2025—up from 283 in 2019, almost a 5-fold increase. The estimated value of laundered assets reached UAH 12.35 billion, while only UAH 590 million was frozen. Meanwhile, 609 cases reached court, compared with just 88 six years ago. (⁠Opendatabot) At first glance, this looks like an explosion in financial crime. It isn’t that simple. The surge is driven by three structural changes: • Legislative reform (2020): Article 209 can now...

For more than three years, discussion around Ukraine’s economy has largely focused on visible wartime damage: destroyed infrastructure, disrupted exports, and direct military risks. Yet for many companies operating in Ukraine, the most significant impact of the war is less visible. The real cost often lies in the accumulation of operational friction affecting nearly every aspect of business activity — from workforce planning and logistics to energy resilience, financing, insurance, and...

Entering the fourth year of full-scale war, Ukraine is not only holding the line militarily—it is rapidly redefining the global defense technology landscape. What began as necessity-driven innovation on the battlefield has evolved into one of the fastest-growing and most dynamic tech sectors globally . From Survival to Scale Ukraine’s defense tech (miltech) sector has expanded at an extraordinary pace: ~19x growth over the past three years Now the largest and fastest-growing tech vertical in...