: 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.

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