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The Ukrainian business clans make up an informal governance system managing the relationship between politics and business. The clans are “embedded” into a complex network of informal relations permitting the conversion of capitals. The special characteristic of Ukraine is that the business clans were initially “embedded” into regional politics where they shaped the policy-making process. I will analyse the involvement of the business clans into politics of five regions (Dniepropetrovsk, Donetsk, Odessa, Poltava, and Volyn) and in Kiev (at the local level) and will propose different patterns of interaction adapted to each of these regions.