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Exhibit 21.1
Subsidiaries of Kyivstar Group Ltd.
| Legal Name | Jurisdiction of Incorporation | |
| VEON Holdings B.V. | Netherlands | |
| Private Joint Stock Company Kyivstar | Ukraine | |
| Limited Liability Company Kyivstar.Tech | Ukraine | |
| Helsi Ukraine Limited Liability Company | Ukraine | |
| Limited Liability Company Lan Trace | Ukraine | |
| Uklon Ltd. | Cyprus | |
| Uklon UB Foreign Enterprise in the form of a Limited Liability Company | Uzbekistan | |
| Limited Liability Company Tech Uklon | Ukraine | |
| Limited Liability Company Uklon Corporate | Ukraine |