Konstantin Gridin

Corruption in Ukraine: What Investors Need to Know

Whenever I speak with Gulf investors considering Ukraine, the question of corruption inevitably comes up. The concern is real — but it is hardly unique to Ukraine. From Asia to the Middle East, even within the Arab Gulf itself, governments have had to confront and address systemic issues.
What matters for investors is not whether risks exist, but how to navigate them. In my two decades of supporting foreign companies in Ukraine, the answer has always been the same: align with the state’s priorities.
Officials are under pressure to attract foreign investment, generate employment, and modernize infrastructure. If you demonstrate how your project helps them deliver these objectives, you create legitimate grounds for cooperation.
Contrary to stereotypes, I have never been directly solicited for improper favors. In fact, many Ukrainian officials I’ve worked with were motivated by genuine outcomes and institutional success. The system is evolving, but transparency is already achievable for those who approach it correctly.
Investors who structure projects well, work with trusted advisors, and focus on national interest over personal favors can thrive in Ukraine without compromising integrity.
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1 week ago | [YT] | 0