Ukrainian Entrepreneurs Struggle To Save Their Employees As War Threatens To Crush Their Businesses

“There’s a popular saying in Ukraine,” says Alex Medovoy, owner of three businesses in the war-torn city of Kharkiv. “The Ukrainian night is very quiet but in the quietest time of the night one should hide what’s most valuable,” he says. For Medovoy that’s his employees. The 36-year-old says he’s spent $300,000 to evacuate about 85% of them from Ukraine’s second-largest city as it’s been battered by a brutal Russian assault.

Medovoy says he doesn’t know the condition of the offices he left behind of his travel tech consultancy, AltexSoft, or of his children’s food company or children’s education centers, which altogether brought in $15 million in

→ Continue reading at Forbes - Startups

More from author

Related posts


Latest posts

Gas prices in U.S. climb above $4 a gallon

Gas prices in the United States are climbing to their highest level since 2008, as Russia’s invasion of Ukraine disrupts the global energy market.The...

Netflix is shutting all services in Russia after Ukraine war

Lucas Shaw | BloombergNetflix Inc. is shutting its operations in Russia, one of the largest media companies to pull out of the market following...

Fraud is flourishing on Zelle. The banks say it’s not their problem.

Justin Faunce lost $500 to a scammer impersonating a Wells Fargo official in January and hoped that the bank would reimburse him. Faunce was...