Business news from Ukraine

Business news from Ukraine

Zelensky and National Security and Defense Council have imposed sanctions against companies associated with Pin-Up casino

Ukrainian President Volodymyr Zelensky has signed a decree on the decision of the National Security and Defense Council to impose sanctions on nine legal entities and three individuals, all citizens of the Russian Federation, associated with the Pin-Up casino.

The corresponding decree No. 344/2025 was published on the president’s website.

According to the appendix to the decree, sanctions have been imposed on three individuals who are citizens of the Russian Federation: Dmitry Punin, Ivan Bannikov, and Alexander Matyasov.

Sanctions have also been imposed on nine legal entities, three of which are registered in Ukraine: Ukr Game Technology LLC, Tranitadevelopment LLC, and Turbo.Yu LLC.

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PIN-UP Ukraine leader in gambling business in payment of taxes in January-June

Gambling business in Ukraine in January-June 2023 paid 2.94 billion UAH of taxes, which is 14 times more than during the same period in 2022, said the first deputy head of the specialized parliamentary committee, head of the temporary investigative commission (TIC) on economic security Yaroslav Zheleznyak.

“Let me remind you: the first half of 2022 gambling business brought to the budget only 209 million UAH. And most of the operators were sitting on the “2%” benefit and were engaged in miscoding,” he wrote in the Telegram-channel on Wednesday

Zheleznyak specified that for June collected 562 million UAH, which is 100 million more than in March, when companies also paid income tax.

“There are still some particularly ‘smart’ ones in the market, especially with income tax, so there will be a continuation,” he added.

In addition, on Wednesday, Ukrainian online casino PIN-UP Ukraine reported paying 1.067 billion UAH to the budget in the first half of this year: in the first quarter – 524.7 million UAH, in the second quarter – 519.2 million UAH.

The company specified that this amount also includes 23.4 million UAH for the license to operate obtained by LLC “Ukr Game Technology” in 2021.

“We strive to become an example of business that contributes to the economic development of the country,” PIN-UP Ukraine COO Igor Zotko said in a statement.