Via The Cradle
Over the past four years, the Ukrainian government “systematically sabotaged” oversight of the country’s state-owned companies and weapons procurement processes, “allowing graft to flourish,” a freshly published New York Times investigation has revealed.
The investigation details how the government of Volodymyr Zelensky sidelined outside experts from the US and EU serving on advisory boards responsible for monitoring spending, appointing executives, and preventing corruption.
“President Volodymyr Zelensky’s administration has stacked boards with loyalists, left seats empty, or stalled them from being set up at all. Leaders in Kiev even rewrote company charters to limit oversight, keeping the government in control and allowing hundreds of millions of dollars to be spent without outsiders poking around,” the NYT report says.
The investigation was published amid a corruption scandal centering on close associates of the Ukrainian president. Anti-corruption authorities have accused members of Zelensky’s inner circle of embezzling $100 million from the state-owned nuclear power company, Energoatom.
“Mr. Zelensky’s administration has blamed Energoatom’s supervisory board for failing to stop the corruption. But it was Mr. Zelensky’s government itself that neutered Energoatom’s supervisory board,” the NYT writes.
The investigation also found that Zelensky sidelined the supervisory boards of the state-owned electricity company Ukrenergo and Ukraine’s Defense Procurement Agency.
European leaders have justified funneling billions of dollars in taxpayer funds to Ukraine despite knowledge of the systematic corruption and theft plaguing the country. “We do care about good governance, but we have to accept that risk,” said Christian Syse, the special envoy to Ukraine from Norway.
Detective Ruslan Magamedrasulov from the NABU, who was jailed in July due to accusations by the SBU of attempting to sell technical info to Russia, has been released.
Today, during the appeal hearing, the judge ruled to free the NABU detective from custody without any preventive… pic.twitter.com/9LOCV8NqKy
— Clash Report (@clashreport) December 3, 2025
“Because it’s war. Because it’s in our own interest to help Ukraine financially. Because Ukraine is defending Europe from Russian attacks,” he added.
Zelensky’s chief of staff, Andriy Yermak, resigned late last month amid the Energoatom corruption scandal and just hours after police raided his home. Ukrainska Pravda reported that he had left for Israel, of which he is a citizen, just hours before the raid.
Yermak is widely considered the second-most-powerful official in the country, with influence over domestic politics, military issues, and foreign policy, Axios noted.
For everyone who still believes the bedtime stories that Zelensky and Yermak have nothing to do with top-level corruption in the energy and defense sectors — you might want to read the latest interview with NABU detective Ruslan Magamedrasulov.
Zelensky’s loyal attack dogs… pic.twitter.com/oZvNMSjpyy
— Marta Havryshko (@HavryshkoMarta) November 19, 2025
Businessman Timur Mindich, who co-founded the entertainment company Kvartal 95 with Zelensky, allegedly led the embezzlement scheme. Mindich also escaped to Israel, where he enjoys citizenship, hours before a separate raid on his luxury apartment by police from the National Anti-Corruption Bureau of Ukraine (NABU).
“Timur had an apartment with golden toilets that was in the same building as Zelensky’s,” a former Ukrainian government official told Fox News.
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