The Ukrainian company Monomakh has declared its openness, readiness to cooperate with law enforcement agencies and determination to protect its business reputation exclusively in the legal field to protect the business from economic damage caused by the distortion of information in the media about the company’s activities.
“We are determined to defend our reputation in court. The Ukrainian state should stand by those who create jobs, support the Armed Forces and act transparently,” the company’s website says.
The company emphasized that it does not cooperate with Russia and Belarus, does not have any official representative offices or affiliated companies, marketplace partners in these countries, and has not carried out any transactions after February 24, 2022.
“We are convinced that the court will make an appropriate assessment of the information attack in the media with signs of manipulation of public opinion,” the company said and called on journalists to adhere to professional standards, verify information, address inquiries directly to the company and not disseminate unconfirmed data.
Monomakh is currently operating as usual.
As reported, on June 16, the Security Service of Ukraine put Taras Barabash, co-owner of the Monomakh tea producer, on the wanted list.
The NV media outlet, citing the Ministry of Internal Affairs (MIA) and a ruling by Kyiv’s Solomyansky District Court, reported that the company may have been involved in the sale of its goods to Russia and Belarus since September 2018. The court noted that since September 2018, Monomakh has been conducting business activities with both Ukrainian resident companies and foreign economic activities with non-resident entities, in particular through the hidden transit of goods through Poland to Belarus and further to the territory of Belarus and the Russian Federation.
Monomakh JSC published a response on its website, accusing the media of an “aggressive information attack” with “unfounded accusations that are a planned pressure on Ukrainian business.” The company added that there are currently no court decisions establishing the guilt of Monomakh officials, and announced its intention to protect its business reputation and legal interests in the manner and in accordance with the applicable law.
JSC Monomakh was founded in 2000 in Brovary district of Kyiv region. Its principal activity is the production of coffee and tea, wholesale of tea and coffee under the trademarks Monomax, Lovare, Stefano, Ferarra, Three Elephants, Tea Masterpieces, Coffee Masterpieces, and Coffe & Tea. The ultimate beneficiaries of the company are Taras and Bohdan Barabash.
According to the Opendatabot service, in 2024, the company’s revenue increased by 26.3% to UAH 2.271 billion, net profit increased 1.7 times to UAH 303.13 million, debt increased by 14% to UAH 426.87 million, and assets increased by 53.6% to UAH 1.594 billion. The number of employees increased by 32 people to 382.
Source: https://interfax.com.ua/news/general/1089278.html
