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Ukraine corruption scandal 'extremely unfortunate,' EU's Kallas says
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 12, 2025
1 min readLast updated: January 21, 2026
EU's Kaja Kallas deems Ukraine's corruption scandal 'extremely unfortunate' and stresses the need for swift action by Kyiv.
NIAGARA-ON-THE-LAKE, Canada (Reuters) -European Union foreign policy chief Kaja Kallas told Reuters on Wednesday that an energy corruption scandal in Ukraine was “extremely unfortunate” and it was important that Kyiv takes it seriously.
Ukrainian President Volodymyr Zelenskiy called for the dismissal of two cabinet ministers on Wednesday amid a probe into an alleged $100 million corruption scheme that has fuelled fresh public anger at the country’s government.
“They are acting very forcefully. There is no room for corruption, especially now. I mean, it is literally the people's money that should go to the front lines,” Kallas said on the sidelines of a meeting of Group of Seven foreign ministers in Canada.
“I think what is very important that they really proceed with this very fast and take it very seriously,” she added.
(Reporting by Daphne Psaledakis; Writing by Lili Bayer; Editing by Chris Reese and Nick Zieminski)
Corruption refers to dishonest or unethical conduct by individuals in positions of power, often involving bribery or the misuse of authority for personal gain.
Economic growth is the increase in the production of goods and services in an economy over a period, typically measured by the rise in Gross Domestic Product (GDP).
An international financial institution is an organization that provides financial and technical assistance to countries for development projects and economic stability, such as the World Bank or IMF.
A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.
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