Billion-Dollar Investments in Drones and the Founder’s Legal Burden: What Risks Inzhur MilTech and Andriy Zhurzhiy’s Investors Face

The Inzhur MilTech Fund officially announced that in 20 days it raised 1 billion UAH to fund the drone manufacturer Vyriy Industries.

Against this backdrop, it is worth returning to the private debt dispute between Inzhur founder Andriy Zhurzhiy and Valeriy Kulik. The dispute concerned interest for using a loan of 19 hryvnias from August 2022 to February 28 of 2023 year, not a penalty for late payment. The first instance denied the claim, the appeal satisfied it, and the Supreme Court supported it: the contract provided a hryvnia loan and did not establish interest-free terms, therefore Article 1048 of the Civil Code applies.

The subject of this case was relations between private individuals, not the use of investors' funds.

But for a business asking to entrust it with savings, the issue of financial obligations by the management is entirely appropriate.

The journalists invite Zhurzhiy to respond publicly:

We do not claim that the awarded interest remains unpaid — we have no confirmation of the current settlement status. At the same time, a potential investor should receive an answer about the execution of the ruling before considering this story closed.

Put yourself in an investor’s shoes.

The court dispute does not provide a ready answer on whether to invest. But it provides an occasion to ask uncomfortable questions about the transfer of funds, and not afterward. In the second part, we will analyze the investment structure itself: what exactly does the investor buy and what risks should be assessed independently.