Zelensky with U.S. dollars, image courtesy of Eurasia Review. As the war in Ukraine enters its fourth year, a new cadre of influential businessmen has emerged, capitalizing on the conflict while positioning themselves for even greater gains in a potential postwar reconstruction. These figures have filled the power vacuum left by the old guard of oligarchs, many of whom have been sidelined, imprisoned, or exiled. While presenting themselves as patriotic supporters of Ukraine’s defense efforts, their rapid ascent raises questions about the intersection of war profiteering, government ties, and economic opportunity in a nation under siege. The decline of Ukraine’s traditional oligarchs has been stark. Ihor Kolomoyskyi, the banker and media tycoon who played a pivotal role in propelling Volodymyr Zelenskyy to the presidency through…
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