Kyivstar and VEON Partner with Ministry of Economy, Environment and Agriculture of Ukraine to Accelerate AI Infrastructure and Digital Economy Growth

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This strategic initiative with the Ministry of Economy of Ukraine aims to fast-track digital infrastructure development, unlock scalable AI adoption, and underpin sustainable long-term economic growth. KYIV, Ukraine, GDANSK, Poland and NEW YORK, June 26, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. ("Kyivstar") (Nasdaq: KYIV; KYIVW), the parent company of JSC Kyivstar, Ukraine's leading digital operator and part of VEON Group (Nasdaq: VEON), announced the signing of a Memorandum of Understanding (MOU) between Kyivstar, VEON, and the Ministry of Economy of Ukraine to advance the development of Ukraine's digital infrastructure and economy. The collaboration includes exploring the establishment of a sovereign, AI-ready data center in Ukraine. Left to right: Marine Babayan, Chief Corporate Affairs Officer Veon; Oleksii Sobolev, Minister of Economy of Ukraine; Oleksandr Komarov, President of Kyivstar Group The MOU was signed at the 2026 Ukraine Recovery Conference in Gdańsk, co-hosted by Poland and Ukraine, underscoring international commitment to Ukraine's reconstruction and long-term economic growth. The initiative is aimed at developing next-generation computing infrastructure, strengthening Ukraine's technological sovereignty in artificial intelligence, and catalyzing both domestic and international investment into the country's digital economy. The proposed facility would represent a sovereign AI data center, ensuring that critical data processing and storage remain within Ukraine. This is particularly important for sensitive sectors such as public administration, financial services, defense technology, and research and development. By enabling secure, in-country data capacity aligned with national regulatory and security frameworks, the project would enhance resilience, safeguard critical information, and unlock new innovation opportunities. "The development of domestic AI infrastructure is an important step in strengthening Ukraine's economic resilience and technological independence," said Oleksii Sobolev, Minister of Economy of Ukraine. "We see strong potential in initiatives that enable secure, sovereign data processing capacity within the country, supporting both public sector modernization and private sector innovation." Demand for AI infrastructure in Ukraine is increasing and is driven by the global expansion of artificial intelligence and a shif...

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