Ukraine shadow economy

Ukraine could gain $3.35 billion a year by shrinking shadow economy

Ukraine could generate an additional UAH 150 billion ($3.35 billion) in annual budget revenue by bringing just one-third of its shadow economy into the legal sector, Verkhovna Rada Finance Committee Chair Danylo Hetmantsev said in an interview with RBC-Ukraine.

19 August, 03:35 PM

Ukraine busts illegal vape cartel across three regions, seizing over $2.8M in assets

Ukrainian prosecutors and law enforcement dismantled a large-scale illegal vape liquid network operating across three regions, executing more than 150 searches and seizing products, equipment, cash and financial records worth more than 125 million hryvnias ($2.83 million), Prosecutor General Ruslan Kravchenko reported on Telegram on May 15.

15 May, 03:55 PM

Poland uncovers Ukraine’s illicit cigarette trade

In April 2025, 16.25% of cigarettes smoked in Ukraine came from illicit sources, according to Kantar, which has monitored the country’s gray tobacco market for over a decade, Angora24.pl reported on Aug. 25.

28 August 2025, 07:25 PM

New Prosecutor General pledges crackdown on illegal markets in Ukraine

Ukraine’s newly appointed Prosecutor General Ruslan Kravchenko has vowed to ramp up efforts against illegal business activity, especially smuggling in key goods and services markets. His remarks were made during a roundtable discussion with business leaders, lawmakers, and regulatory agencies, the American Chamber of Commerce in Ukraine reported on July 2.

3 July 2025, 02:57 PM

Ukraine shadow economy