- U.S. investors are battling a Ukrainian firm over $130 million in assets, alleging that parts of the Kyiv government are blocking their efforts to recover them.
- The dispute centers around $95 million lent to GNT Group, a Ukrainian trading firm, which failed to make payments last year and then liquidated $130 million of its assets.
- The U.S. firms say that their efforts to get rulings enforced have been blocked by various parts of the Ukrainian bureaucracy, including officials in the ministries of infrastructure and justice.
- The case highlights the challenges facing a government dependent on Western support, including private investment, but long plagued by allegations of corruption.
- In 2022, Ukraine ranked 116th out of 180 countries on Transparency International’s corruption perceptions index.
U.S. Firms Raise Corruption Concerns in Legal Battle Over Ukraine Grain Deal
American investors have raised corruption concerns in a legal battle against a Ukrainian firm over $130m in assets. The case highlights Ukraine's challenges in battling corruption amid Western support.