Diplomatic relations between Kyiv and Warsaw sank to a new low over the weekend, with President Volodymyr Zelensky and three former Ukrainian presidents formally renouncing Poland’s highest state honor, the Order of the White Eagle, in protest at its revocation by Polish President Karol Nawrocki. Foreign Minister Andrii Sybiha said Ukraine would now “mirror” any further unfriendly steps from Warsaw, and Kyiv was still weighing on June 22 whether Zelensky would even attend this week’s Ukraine Recovery Conference in the Polish city of Gdańsk.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official. As for Polish business, the picture was quite the opposite. Since the start of 2025, Polish companies committed to Ukraine’s market while Russia’s war against Ukraine is still in its active phase. Polish companies made these bets on Ukraine’s banking, insurance, retail and energy sectors. Warsaw and Kyiv can fight over an award. The companies, it seems, decided that’s not their problem. Kyiv Post made a list of the deals or potential deals from Polish business that became known in Ukraine this year. Banking: Zen.com bought Ukraine’s PIN Bank Poland’s financial technology company Zen prevailed in an auction for insolvent PINbank, Ukraine’s Deposit Guarantee Fund announced in April. Zen, headquartered in London was licensed by the Bank of Lithuania and founded in 2018 in Rzeszów by entrepreneur Dawid Rożek. The fintech already operates in 35 European countries and previously partnered with Ukraine’s largest state-owned bank PrivatBank on cross-border transfers.
As Poland-Ukraine Relations Sour, Polish Firms Double Down on Kyiv
Politicians in Warsaw and Kyiv can fight over an award. The companies, it seems, have decided that’s not their problem.










