: Vice News: Corruption in Ukraine - Drifting offshore

10:46 Apr. 17, 2016

Vice News: Corruption in Ukraine - Drifting offshore

Petro Poroshenko speaks to the attendees of a ceremony at the Holodomor Memorial in Washington, March 31, 2016 (AP Photo)

Poroshenko pushes through a new fragile government, as allegations swirled around his offshore holdings.

Ukrainian President Petro Poroshenko is facing a crisis of confidence after his name appeared in the Panama Papers leak and the country's prime minister, with whom he clashed, stepped down.

Read also #PanamaPapers: Ukraine's President addresses offshore scandal

Poroshenko rose to power on an anti-corruption platform following the 2014 Euromaidan revolution, but many of his supporters are disappointed in the slow pace of reforms and an apparent unwillingness to crack down on corrupt officials.


A confectionery magnate before becoming a politician, Poroshenko promised to sell his candy business during his election campaign to avoid a conflict of interest.

Read also Ukraine's State Fiscal Service to check reports on Poroshenko's offshore firms

But he has yet to do so, and this failure became headline news when the Panama Papers indicated that he had set up an offshore holding company to shield his assets from taxation.

Full story

comments powered by Disqus


News15:27 Dec. 4, 2016
Shootout during a Spec Op: 5 policemen dead
News16:00 Nov. 28, 2016
Suspension mechanism to be dicussed on November 29 - RFE/RL
News12:15 Nov. 25, 2016
Record number of ceasefire violations in Donbas since 2014 - OSCE
News18:40 Nov. 24, 2016
Iraq suicide attack: at least 80 killed
News18:27 Nov. 24, 2016
European Council president speaks Ukrainian at Brussels summit
Subscribe to receive regular email updates about Ukraine and Eastern Europe