Business news from Ukraine

Ukrainian President Volodymyr Zelenskyy has indicated 12.4 million UAH of income in his declaration for 2023

The President of Ukraine Volodymyr Zelensky released the declaration of the person authorized to perform the functions of the state or local government on property, income, expenses and financial obligations for 2023.

According to the President’s website, “according to the declaration, the income of the head of state and members of his family amounted to 12 million 423 thousand 008 UAH, including income from the sale of government bonds – 7 million 455 thousand 972 UAH”.

The income of Vladimir Zelensky’s family in 2023 mainly consisted of wages, bank interest and income from the provision of real estate for rent. In total, this amount amounted to UAH 4 million 967 thousand 036.

“The increase in income compared to last year was due to the resumption of rent payments. The cash balance of the head of state’s family by the end of last year decreased by almost 2 million 800 thousand UAH. There were no other significant changes in 2023 in terms of assets, real estate, vehicles, etc.,” – reports the website of the President.

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Mayor of Kiev Vitali Klitschko indicated in declaration for 2023 1 million UAH of income

The mayor of Kiev Vitali Klitschko indicated 1 million 3 thousand 636 UAH of income in the electronic declaration of property and income for 2023.

In particular, in 2023, the salary of the mayor of the Ukrainian capital amounted to his entire income – 1 003 636 UAH. He also indicated in the declaration 338.5 thousand UAH, $35.8 thousand and EUR3 in bank accounts, 209.4 thousand UAH, $52.2 thousand and EUR68.3 thousand in cash, as well as $150 thousand and EUR2.2 million lent to his brother Volodymyr.

Klitschko owns an apartment (251.8 square meters) in Kiev, he is registered in his brother’s apartment (43.6 square meters) in Kiev, as well as owns a vacation home (785.5 square meters) and uses a land plot (2.5 thousand square meters) in Lyutezh, Kiev region (previously owned by his wife).

The mayor also owns a motorcycle Fine custom Puncher 2009, a trailer Ironhorse Widebody 2013 and a car Land Rover Discovery 2013 (previously owned by his wife), as well as free use of three cars: 2 Toyota Sequoia 2021 and Toyota Sequoia 2014, which are rented by his brother.

He also declared: an antique mantel clock (Jacques Murray & Co), 7 men’s wristwatches (2 IWC, 3 Frank Muller, 2 Mont Blanc) and a grand piano (Yamaha).

Among other things, together with his brother, he owns several trademarks: “Klitschko”, “KLICHKO” and “KLITSCHKO”.

According to the declaration, Klitschko owns the corporate rights of two charitable organizations: “Charitable Foundation “Future Kiev” and “Charitable Foundation “Klitschko Foundation”.

As reported, Klitschko declared 1 million UAH of income for 2019, 518 thousand UAH of income for 2020, 646 thousand UAH of income for 2021 and 907.7 thousand UAH of income for 2022.

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PRESIDENT OF UKRAINE PROPOSES TO OBLIGE CIVIL SERVANTS TO FILE DECLARATION OF CONTACTS WITH OLIGARCHS

President of Ukraine Volodymyr Zelensky has proposed that public servants are obliged to submit a declaration about contacts with oligarchs included in the relevant register.
According to president’s bill No. 5599 on the prevention of threats to national security associated with the excessive influence of persons with significant economic or political weight in public life (oligarchs), a public servant, after contacting an oligarch or his representative, must fill out a declaration of contacts on the official website of the National Security and Defense Council of Ukraine.
According to the bill, a contact is a meeting and conversation, including online meetings and conversation, about anything.
At the same time, persons included in the register and their representatives are obliged to inform public officials about the fact that information about themselves or the persons they represent has been included in the register before the meeting or a conversation.
The obligation to submit a declaration of contacts applies to the President of Ukraine, the Chairman of the Verkhovna Rada, his deputies, MPs, the prime minister and deputy prime ministers, the minister and his deputies, the head of the SBU and his deputies, the prosecutor general and his deputies, the governor of the National Bank and his deputies.
The declaration of contacts is also required to be filled out by judges of the Constitutional Court, judges, the head of a permanent subsidiary body created by the president and his deputies, chairmen and members of the National Council on Television and Radio Broadcasting, the Antimonopoly Committee, the Accounting Chamber, the Central Election Commission, the High Council of Justice and other state collegial bodies.
Among the officials required to submit a declaration of contacts are the secretary of the National Security and Defense Council and his deputies, the heads of the State Property Fund, the National Agency on Corruption Prevention and their deputies, directors of the National Anti-Corruption Bureau of Ukraine, the State Bureau of Investigations, Bureau of Economic Security and their deputies.
In addition, among the declarants are the Verkhovna Rada commissioner for human rights; civil servants holding civil service positions of A category; heads of local state administrations, their first deputies and deputies; servicemen of the Armed Forces of Ukraine and other military formations who have been awarded the highest military rank; persons of the commanding staff of law enforcement agencies and employees of other bodies who have been awarded the highest special rank.
According to the bill, violation of the obligation to submit a declaration of contacts is the basis for bringing a person to political or disciplinary responsibility.
The declaration of contacts shall contain information about the persons who submitted the information, about the oligarchs included in the register and their representatives, with whom there was contact, the date and place of the conversation and its brief content.
The transitional provisions to the bill indicate that the law will be limited to 10 years. Also, according to the transitional provisions, the Cabinet of Ministers shall, within three months, bring its regulations in line with the law after its entry into force, as well as ensure that ministries and other central executive bodies bring their regulations in line with the law.

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FIFTH PRESIDENT OF UKRAINE POROSHENKO DECLARES OVER UAH 152 MLN IN DIVIDENDS FROM ROTHSCHILD

The fifth president of Ukraine, the leader of the European Solidarity party, Petro Poroshenko, has declared receipt of UAH 152.4 million in dividends from Sequent Schweiz AG (formerly Rothschild Trust Schweiz AG), the corresponding information is published in the unified state register of declarations.
According to it, Poroshenko received dividends in the amount of UAH 152.4 million from the Swiss company on March 31 this year.
In addition, the ex-president declared income of UAH 610,900 in the form of interest from deposits in the International Investment Bank belonging to him, which he declares in a similar amount every month.
As reported, in 2016, Poroshenko appointed Rothschild Trust as a trustee in the blind trust to manage his stake in Roshen Confectionery Corporation.
For 2020, the leader of European Solidarity declared UAH 222 million of income, of which UAH 214 million are dividends, UAH 7 million are interest on deposits in the bank, and UAH 500,000 is a salary in the Verkhovna Rada.
Poroshenko kept $ 3.09 million, EUR 40,000 and UAH 330,000 on accounts in the International Investment Bank, as well as $ 51.2 million and UAH 423.3 million in cash.

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UKRAINIAN PARLIAMENT RESTORES CRIMINAL LIABILITY FOR INACCURATE DECLARATION

The Verkhovna Rada has reinstated criminal liability for declaring incomplete data and failure to submit a declaration, in particular, introducing a restriction of freedom for up to two years, if the declared information differs from the reliable one in the amount of more than 4,000 living wages for able-bodied persons.
The corresponding bill, No. 4460-d, was supported as a basis by 287 and 289 MPs in general at a plenary session on Friday.
The said bill proposes to amend Article 1726 of the Code of Administrative Offenses of Ukraine (CAO), which clarify the subjects of this offense.
Also, these changes allow to impose administrative penalties under this article in the event that the information in the declaration of the person authorized to perform the functions of the state or local government will differ from the reliable ones in the amount of 100 to 500 living wages for able-bodied persons, and not from 100 to 250 living wages for able-bodied persons, as indicated in the current version.
The amendments proposed in the Code of Administrative Offenses, as a result, make it possible to raise the threshold of criminal liability for declaring false information.
The authors of the draft law propose to exclude Article 366-1 (declaration of inaccurate information) from the Criminal Code of Ukraine, but to supplement the Code with a new Article 366-2 (declaration of inaccurate information).
This article establishes criminal liability in the event that the declared information differs from reliable information in the amount of 500 to 4,000 living wages for able-bodied persons in form of a fine from 2,500 to 3,000 non-taxable minimum incomes of citizens or public works from 150 to 240 hours with deprivation of the right to hold certain positions or engage in certain activities for up to three years under the first part of this article.
In the event that such information differs from reliable information in the amount of more than 4,000 living wages for able-bodied persons, liability is provided in form of a fine from 3,000 to 5,000 non-taxable minimum incomes of citizens or public works from 150 to 240 hours, or restriction of freedom for a period up to two years with the deprivation of the right to hold certain positions or engage in certain activities for up to three years under part two of this article.

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45% OF UKRAINIANS SIGN DECLARATION WITH FAMILY DOCTORS

Almost 18.9 million persons signed declarations with family doctors in the primary healthcare reform, Deputy Health Minister of Ukraine Pavlo Kovtonyuk has said. Speaking at the seminar entitled “The First Results of Healthcare Reform: the Experience of the Regions” at the Public Health international exhibition in Kyiv, he reported, referring to the data of the National Health Service of Ukraine that at present, about 45% of Ukrainians are registered with family doctors. At the same time, Kovtonyuk said that “Kyiv is an almost complete outsider in the number of declarations” – 1.149 million declarations were signed in Kyiv, which is below the national average.
At the same time, in the leading cities of the reform declarations were signed by up to 73% of the population, in particular, in Chervonohrad (Lviv region). In Ovruch (Zhytomyr region) declarations were signed by 68% of residents, Vinnytsia and Pokrovsk (Donetsk region) – 65% each, Novohrad-Volynsky (Zhytomyr region) – 63%, Nikopol (Dnipropetrovsk region) and Pervomaisk (Mykoklaiv region) – 61% each.
The primary healthcare institutions which have switched to a new mechanism for financing services after the first stage of signing agreements with the National Health Service of Ukraine received UAH 819.8 million in July-September 2018. In particular, UAH 266.8 million was sent to 30 healthcare institutions of Kyiv. Kovtonyuk said that residents of rural areas more active in signing declaration with family doctors compared with urban residents.

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