Ukrainian Defense Minister Mykhailo Fedorov has resigned, confirming reports of a sweeping cabinet reshuffle ordered by President Volodymyr Zelensky.
The move also sees Prime Minister Yulia Svyrydenko step down, marking a significant restructuring of Kyiv’s top leadership amid ongoing conflict with Russia.
Fedorov, a former digital transformation minister, had been a central figure in modernizing Ukraine’s defense procurement and securing Western military aid.
His departure raises questions about the continuity of these reforms and the strategic direction of Ukraine’s war effort.
Markets are closely watching for signals on how the reshuffle might impact defense contracts and the flow of international support.
The reshuffle comes after weeks of speculation about Fedorov’s future, with senior Ukrainian officials previously hinting at potential changes.