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Ukraine

The President And The Tycoon: Could A Fight Between Ukraine’s Leader And Its Richest Man Lead To Real Change? (Todd Prince, RFE RL)

For over a year, Ukrainian President Volodymyr Zelenskiy had been in a battle with renewable energy producers after his government slashed tariffs and failed to pay the companies in a timely fashion.

That saga appeared to be coming to an end when a state-owned firm raised $825 million on November 3 through a bond sale to reimburse the producers.

As of November 23, all the producers had been fully compensated except one: DTEK, a company owned by Rinat Akhmetov, Ukraine’s richest man.

It was not an oversight.

The President And The Tycoon: Could A Fight Between Ukraine’s Leader And Its Richest Man Lead To Real Change? (rferl.org)