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Vladislav Husnyev

Research Analyst at Kyiv School of Economics

Vladislav Husnyev is an analyst at the Kyiv School of Economics, specializing in economic research and policy analysis within Ukraine. His role involves providing analytical insights on a range of topics relevant to Ukraine’s economic performance, though there is no public evidence indicating specific companies covered or quantifiable performance metrics such as returns or success rates. Details regarding his career timeline, previous positions, and professional credentials such as financial licenses do not appear in available sources, suggesting a focus on research and academic impact rather than on regulated securities analysis or investment performance. Husnyev’s professional activities at KSE are closely aligned with economic research and institutional collaboration rather than direct market-facing analyst roles.

Vladislav Husnyev's questions to Kyivstar Group (KYIV) leadership

Question · Q3 2025

Vladislav Husnyev requested a detailed description of the $162 million listing costs.

Answer

Oleksandr Komarov, CEO of Kyivstar Group, explained the listing cost as the difference between the share price given to CoinCircle and the net asset value at acquisition, identifying it as a one-off impact. Kaan Terzioğlu, Chairman of the Board, further clarified that under IFRS, this amount is treated as share-based compensation, resulting in a non-cash hit on the P&L despite the company's higher listing valuation.

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Question · Q3 2025

Vladislav Husnyev asked for a detailed description of the $162 million listing costs.

Answer

Boris Nalshik, CFO of Kyivstar Group, explained that the listing cost is a one-off impact calculated as the difference between the share price given to CoinCircle (VEON's transaction partner) and the net asset value of CoinCircle at the time of acquisition. Kaan Terzioğlu, Chairman of the Board, further clarified that under IFRS, this amount is treated as share-based compensation, resulting in a non-cash hit on the P&L despite the company listing at a higher valuation.

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Fintool

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