U.S.-Ukraine Business Council (USUBC)

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U.S.-Ukraine Business Council (USUBC) A strong international voice for business in Ukraine for 28 years

The U.S.-Ukraine Business Council (USUBC) is a private, non-profit trade association representing the interests of US businesses active in Ukraine. Based in Washington, DC, the U.S.-Ukraine Business Council (USUBC) promotes US and Ukrainian commercial ties through regular interactions with US and Ukrainian business and government leaders, and through the analysis and advocacy of key policy issues impacting US businesses and the future of US-Ukrainian relations. The U.S.-Ukraine Business Council (USUBC)'s membership includes large, well-known companies, as well as smaller private companies interested in fostering a stronger commercial relationship between the United States and Ukraine.

🎤 On 8 October, USUBC hosted a Defense Sector Members Working Breakfast featuring a fireside chat with Maj. Gen. Brad Ni...
10/09/2026

🎤 On 8 October, USUBC hosted a Defense Sector Members Working Breakfast featuring a fireside chat with Maj. Gen. Brad Nicholson, Director for Strategy, Plans, & Policy, G-3/5/7, U.S. Army, Pentagon, and Maj. Gen. (Ret.) Keith C. Phillips, Founder & CEO of 48Solutions LLC. The discussion explored the private sector opportunities in strengthening bilateral defense cooperation, including opportunities for U.S. defense companies to do business in Ukraine and deepen engagement with the Ukrainian defense community.

Maj. Gen. Nicholson shared perspectives from his recent tenure as Defense Attaché at the U.S. Embassy in Kyiv, while Maj. Gen. (Ret.) Phillips offered insights from his previous service in the same role. The event concluded with a roundtable discussion in which USUBC defense sector members exchanged perspectives, questions, and priorities for advancing U.S.-Ukraine defense cooperation.

📸 Photo Credit: David Hunsinger

10/09/2026

👏 U.S.-Ukraine Business Council (USUBC) Welcomes Piraeus Bank Ukraine as a New Member

Piraeus Bank in Ukraine is a subsidiary of Piraeus Bank S.A., one of Greece’s leading financial institutions, and has been operating in Ukraine since 2007. The Bank serves corporate and individual clients, with a particular focus on small and medium-sized enterprises (SMEs), providing lending, deposits, payroll services, foreign exchange, documentary operations, cash management, and digital banking solutions.

With more than 300 employees in Ukraine, Piraeus Bank supports businesses and individuals through its financial products and services and continues to contribute to Ukraine’s economic activity during wartime. The Bank has also participated in initiatives supporting Ukraine’s recovery, including an agreement with the U.S. International Development Finance Corporation (DFC) for a USD 20 million portfolio guarantee and financing initiatives focused on modernizing energy infrastructure. Piraeus Bank in Ukraine is a member of the Individual Deposit Guarantee Fund and holds a long-term national-scale credit rating of uaAA from RA “Standard-Rating.”

💬 “Piraeus Bank expects its USUBC membership to support the development of stronger relationships with the Ukrainian and international business communities, including potential clients and strategic partners,” said Yannis Kyriakopoulos, Chairman of the Board at Piraeus Bank in Ukraine. “The Bank is interested in participating in relevant business events, sectoral discussions, and policy dialogue related to Ukraine’s economic recovery, investment, and the development of the financial sector. We also look forward to gaining access to market insights, sharing the Bank’s expertise, and exploring opportunities to support Ukrainian businesses.”

💬 “We are delighted that our long-standing institutional partner Piraeus Bank in Ukraine has joined the U.S.-Ukraine Business Council’s membership,” said Irina Paliashvili, President & CEO of USUBC. “The banking sector is playing an essential role in supporting private-sector activity, investment, and Ukraine’s economic recovery. Piraeus Bank’s experience serving SMEs and corporate clients, together with its connection to a major Greek financial group, will bring most valuable expertise and perspectives to USUBC’s business community and initiatives aimed at Ukraine’s economic development.”

10/02/2026

👏 U.S.-Ukraine Business Council Welcomes The Arsenal as a New Member

The Arsenal provides specialized defense tech and regulation reporting focused on Ukraine’s defense technology sector. With teams based in Brussels and Kyiv, the company delivers on-the-ground reporting, research, and business intelligence designed to help investors, officials, manufacturers, and innovators navigate Ukraine’s rapidly evolving markets.

The Arsenal covers Ukrainian and European defense technology, including investments, startups, battlefield innovation, and regulatory developments, while its consulting team provides bespoke research, field surveys, due diligence, battlefield testing, and organizes delegations to Ukraine.

💬 “We think we can collaborate with USUBC to be able to better provide breaking news information to its members, for mutual benefit,” said Tim Mak, CEO of The Arsenal. “We’d like to build out industry awareness of our business publications through networking, briefings and collaborating with USUBC to get relevant business news to its members faster.”

💬 “We are pleased to welcome The Arsenal to the U.S.-Ukraine Business Council,” said Irina Paliashvili, President & CEO of USUBC. “Its specialized coverage of Ukraine’s defense technology provides valuable insight for businesses and investors seeking to understand and engage with these rapidly developing sectors. We look forward to supporting greater access to timely, actionable information about opportunities in Ukraine.”

10/02/2026

👏 U.S.-Ukraine Business Council Welcomes Association of Gas Producers of Ukraine (Асоціація газовидобувних компаній України) as a New Member

The Association of Gas Producers of Ukraine (AGPU) brings together leading state and private natural gas producing companies with a shared goal of strengthening Ukraine’s energy and economic security. Its members include Ukrgasvydobuvannya, DTEK Oil & Gas, Esco-Pivnich, Zakhidnadraservis, Ukrnaftoburinnya, Geo Alliance Group, Poltava Petroleum Company, Stryynaftogaz, Smart Energy, and KUB-GAS. Through cooperation among industry stakeholders, AGPU works to support a competitive energy market, improve the investment attractiveness of Ukraine’s gas production sector, and promote the adoption of modern technologies and international expertise.

Ukraine’s domestic gas production is an important component of the country’s energy resilience and long-term economic security. AGPU works to facilitate effective dialogue between business and government, advance a transparent and competitive regulatory environment, and support the development of hydrocarbon exploration and production. The Association also promotes cooperation with gas-producing regions and the implementation of technologies and best practices that can contribute to the continued development of Ukraine’s energy sector.

💬 “The Association views membership in the USUBC as an important platform for developing cooperation between the Ukrainian and American energy sectors,” said Artem Petrenko, Executive Director of the Association of Gas Producers of Ukraine. “We are interested in participating in relevant events, industry discussions, business forums and other initiatives aimed at strengthening economic partnership between the two countries. Of particular interest to us is the exchange of experience and best practices in gas production, attracting investment, implementing modern technologies, and improving the regulatory environment.”

💬 “We are pleased to welcome the Association of Gas Producers of Ukraine, to the U.S.-Ukraine Business Council,” said Irina Paliashvili, President & CEO of USUBC. “Ukraine’s energy sector is central to the country’s economic resilience and future recovery, and the development of domestic gas production has important implications for energy security, investment, and private-sector growth. AGPU’s broad representation of state and private gas producers will bring valuable industry expertise to USUBC and create additional opportunities for engagement between Ukrainian and American energy stakeholders.”

📍 On 21 September, USUBC hosted a roundtable in Kyiv with the leadership of the U.S. Embassy Kyiv Ukraine and the U.S. C...
09/25/2026

📍 On 21 September, USUBC hosted a roundtable in Kyiv with the leadership of the U.S. Embassy Kyiv Ukraine and the U.S. Commercial Service, bringing together USUBC members for a focused discussion on key economic, trade, investment, and commercial issues relevant to the U.S.-Ukraine business relationship.

The roundtable featured Anya Brunson, Economic Counselor; Youqing Ma, Commercial Counselor, U.S. Commercial Service, U.S. Department of Commerce; Matthew Case, Commercial Officer, Foreign Commercial Service; Megan Francic, Agricultural Attaché; Annie Bohlen, Macroeconomic & Trade Unit Chief; and Markus Thomi, all representing the U.S. Embassy in Kyiv. The discussion was moderated by Irina Paliashvili, President & CEO of the U.S.-Ukraine Business Council (USUBC).

The roundtable provided USUBC members with an opportunity to engage directly with U.S. Embassy representatives, exchange views on the current business environment, and discuss opportunities and challenges affecting U.S. companies operating in or considering engagement with Ukraine.

📌 More photos https://usubc.org/usubc_photos/usubc-roundtable-with-the-leadership-of-the-u-s-embassy-economic-section-and-u-s-commercial-service/

09/25/2026

👏 U.S.-Ukraine Business Council Welcomes MITS Capital as a New Member

MITS Capital, an American-Ukrainian investment group established in early 2024, connects Western capital with Ukraine’s battlefield innovation, supporting the development and global scaling of defense and dual-use technologies. The firm combines a venture fund, accelerator, financial advisory platform, and innovation initiatives to support Ukrainian companies across technology readiness levels. Its MITS Lightning Fund has built a portfolio of 20 companies since early 2024, selected from a pipeline of more than 500 screened startups.

💬 “MITS Capital’s vision is to apply our collective expertise and resources to help defeat Russia in Ukraine. We do this by investing in Ukrainian defense tech companies that provide what military units tell us they want,” said Perry Boyle, CEO and Co-Founder of MITS Capital. “We want to support USUBC’s mission to advocate for Ukraine and deepen commercial ties between the US and Ukraine. We stand ready to support USUBC’s convening activities.”

MITS Capital supports the Ukrainian defense technology ecosystem through several complementary platforms. MITS Accelerator provides growth acceleration and tailored support for Ukrainian defense startups ready to scale, while MITS Lightning Fund invests in high-potential defense and deep-tech companies. MITS Investment Bank advises Ukrainian defense firms and NATO affiliates on capital raising, M&A, and joint ventures, and MITS Lab identifies the technological needs of the Ukrainian Armed Forces while helping early-stage startups advance funding, certification, legal, and production processes.

💬 “We are pleased to welcome MITS Capital to the U.S.-Ukraine Business Council and to bring its investment expertise and deep engagement with Ukraine’s defense technology ecosystem into our growing network,” said Irina Paliashvili, President & CEO of USUBC. “Mobilizing Western investment into Ukrainian defense innovation is critical not only to strengthening Ukraine’s defense capabilities today, but also to building a competitive, globally integrated defense industry that can contribute to transatlantic security for decades to come.”

Dear USUBC Members and Partners,U.S.-Ukraine Business Council (USUBC) and our defense sector members are actively prepar...
09/21/2026

Dear USUBC Members and Partners,

U.S.-Ukraine Business Council (USUBC) and our defense sector members are actively preparing for the upcoming Association of the United States Army - AUSA National 2026 Annual Meeting & Exposition – the largest defense exhibition in the United States and one of the most significant globally, which will be held on 12-14 October 2026 in Washington, D.C.

Before and during AUSA 2026, USUBC will be hosting and co-hosting a dedicated program of side events focused on strengthening U.S.-Ukraine defense and security cooperation and creating opportunities for USUBC's defense sector members and partners to engage with key stakeholders from the U.S., Ukrainian and international defense community.

📌 Read more and Register https://usubc.org/ausa-2026-annual-meeting-exposition-usubc-side-events-program/

09/18/2026

👏 U.S.-Ukraine Business Council Welcomes Stellarion as a New Member

Stellarion is a Ukrainian manufacturer of strike unmanned systems, combining frontline combat experience with aviation engineering expertise. The company produces two series of strike UAVs: fiber-optic Deadliner Q drones and radio-controlled Deadliner R drones. Its flagship Deadliner Q1 fiber-optic FPV drone carries a 2 kg payload, reaches speeds of up to 110 km/h, and uses fiber-optic control and video transmission to provide resistance to electronic warfare. With 850 employees and production capacity of up to 30,000 units per month, Stellarion is focused on rapidly scaling technologies developed in response to real battlefield needs.

Stellarion has developed more than 30 modifications of combat UAVs and has supplied more than 100,000 Deadliner drones to over 20 Ukrainian brigades during its first year on DOT-Chain Defence. According to the company, Deadliner Q1 ranked second among fiber-optic strike systems in the overall ranking of Ukraine’s Defense Forces in July 2026 and first among fiber-optic drones used by the Unmanned Systems Forces. The system has also advanced to the second stage of Gauntlet II testing under the U.S. Department of War’s Drone Dominance Program, highlighting growing international interest in Ukrainian unmanned systems and battlefield-proven technologies.

💬 “Stellarion develops unmanned systems and defense technologies, and through USUBC membership, we seek introductions to U.S. primes and integrators for joint development and co-production, as well as support with relevant events,” said Co-Founder and CEO at Stellarion. “Our Deadliner line was developed in response to real battlefield challenges, with a focus on effectiveness, adaptability, and rapid scalability. We are honored to represent not only Stellarion, but also Ukraine’s rapidly developing unmanned systems ecosystem.”

💬 “Stellarion demonstrates how Ukrainian defense companies are translating direct battlefield experience into scalable technologies with potential for international cooperation,” said Irina Paliashvili, President & CEO of the U.S.-Ukraine Business Council. “The company’s work in unmanned systems, its growing production capabilities, and engagement with U.S. defense initiatives make it a valuable addition to the USUBC community. We look forward to supporting Stellarion’s efforts to build partnerships with U.S. defense companies and advance opportunities for joint development and co-production.”

📍 On 18 September, Adtran, Inc., in partnership wth the U.S. Commercial Service at the U.S. Embassy Kyiv Ukraine and USU...
09/18/2026

📍 On 18 September, Adtran, Inc., in partnership wth the U.S. Commercial Service at the U.S. Embassy Kyiv Ukraine and USUBC, held a workshop in Kyiv focused on strengthening Ukraine’s telecommunications and digital resilience.

The event opened with welcoming remarks by Youqing Ma, Commercial Counselor at the U.S. Embassy in Ukraine, and Irina Paliashvili, President and CEO of the U.S.-Ukraine Business Council (USUBC), highlighting Adtran’s strong commitment to Ukraine and its continued business and production operations in the country despite the challenges posed by the ongoing war conditions.

The workshop brought together representatives of government institutions and the private sector, including professionals from the IT, telecommunications, finance, and other industries. During the workshop, Adtran’s representatives: Andreas Jelinek, VP Sales Eastern Europe, Peter Kasanicky, Senior Sales Director Eastern Europe and Chris Kendall, VP Sales Nordics introduced the company and presented its value proposition for Ukraine, highlighted Adtran’s expertise in fiber connectivity, broadband access, optical transport, protecting communication networks against hostile attacks and network management technologies, demonstrating how advanced telecommunications solutions can contribute to strengthening the security, reliability, and resilience of Ukraine’s digital infrastructure.

📌 Adtran is a global provider of fiber networking and telecommunications solutions headquartered in Huntsville, Alabama. Founded in 1985, Adtran designs and delivers broadband access, optical transport, and network management technologies that help service providers, utilities, enterprises, and governments build resilient, high-capacity digital infrastructure. With operations spanning North America, Europe, and beyond, the company brings deep technical expertise in fiber connectivity and next-generation networking to clients in Ukraine.

The U.S. Commercial Service, part of the U.S. Department of Commerce, supports American companies doing business in the global marketplace. In Ukraine, the U.S. Commercial Service helps connect American businesses with Ukrainian partners and supports Ukrainian firms expanding and investing in the United States.

09/18/2026

👏 U.S.-Ukraine Business Council Welcomes Phantom Defense as a New Member

Phantom Defense is a Ukrainian defense-tech company developing a full counter-UAS ecosystem that combines electronic warfare (EW), drone detection, kinetic defeat, and battle management software platform. With more than 850 employees and nine manufacturing facilities, the company produces over 100 drones and 200 EW systems every day, delivering technologies designed to address the evolving challenges of modern warfare and protect military personnel on the battlefield.

The company combines engineering expertise with the hands-on experience of frontline veterans to build and continuously refine systems that perform reliably in demanding real-world conditions, protecting both critical infrastructure and civilian objects. The C2 KUPOL platform unites all systems into a single ecosystem, giving operators one common situational picture.

💬 “Through USUBC membership, we are seeking introductions to U.S. defense primes, integrators, and technology partners, along with guidance on U.S. defense procurement pathways, export control, and compliance requirements,” said CDO of Phantom Defense. “We look forward to taking part in USUBC briefings, working groups, delegations, and trade missions, while building visibility within the U.S. business and policy community as a reliable Ukrainian partner.”

💬 “Phantom Defense represents the kind of Ukrainian defense-tech innovation that is increasingly important to Ukraine’s security and to the broader transatlantic defense ecosystem,” said Irina Paliashvili, President & CEO of the U.S.-Ukraine Business Council. “Its practical experience developing and manufacturing counter-UAS and electronic warfare technologies for real battlefield conditions creates valuable opportunities for cooperation with U.S. companies. USUBC is pleased to support Phantom Defense as it expands its engagement with the U.S. defense and technology community.”

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