Business news from Ukraine

LLC “Parimatch” announced cessation of work in Ukraine

12 March , 2023  

Parimatch LLC has officially ceased operations in Ukraine, the company said.
“The company’s operating activities have been terminated. The customer platform is unavailable, the website pm.ua has been blocked,” the company said in a press release published in its telegram channel on Sunday.
The company pointed out that it complies with Ukrainian law and Presidential Decree № 145/2023 of March 10.
In the press release, Parimatch said it is looking for ways to legally recover customer funds from its balance sheet and pay off debts under partnership contracts. The company also says it will terminate “labor relations with the company’s staff.”
As the company informs, the amount of actually paid taxes and license payments LLC “Paramatch” for 2023 is 485 million UAH. “We will wait for additional analysis and consideration of the situation around the sanctions of the CNBO against LLC Parimatch and hope for a future review of the decision,” the message of LLC “Parimatch”.
As reported, the President of Ukraine Vladimir Zelensky by decree of March 10 enacted the decision of the National Security and Defense Council of Ukraine (NSDC) on the same day to impose sanctions on 120 individuals and 287 legal entities. Among them are Ukrainian LLC “Parimatch”, Financial Company “Leo”, “PokermatchUA”, “Your Betting Company” and “Play Fan Investment”.
From the Parimatch holding, the new sanctions also affected Parimatch United Investments Limited (UK) Fullgear Investments Ltd, Auspicia Limited (both Cyprus), Suncast Furure N.V. (Curacao, Netherlands), and Parimatch Foundation Limited (Cyprus), as well as a whole group of individuals abroad.