Medvedchuk and Co: what will happen to the oligarchs in Ukraine, Zelenskyy said

The process of de-oligarchization in Ukraine will continue until all oligarchs become simply representatives of large business. This was stated by President of Ukraine Volodymyr Zelenskyy, informs UATV with reference to the press service of the President’s Office.

The head of the state named 2 ideas from which the process of Ukraine’s transformation began.

“The first – it is necessary to create conditions for Ukraine to find its way to success in the global world. The second is to make the state system stable, modern, ready to respond effectively to modern challenges, while maintaining democracy. One that works in the interests of all citizens”, Zelenskyy explained.

He noted that since the 1990s, a layer of “the chosen” people has formed in Ukraine – people who have concentrated political, financial, industrial and media resources in their hands, and who still appear in the lists of the richest Ukrainians. Moreover, relations in the state this group of people modeled under themselves, considering their own interests.

Society, according to the president, does not agree with this. And the government is taking appropriate steps to de-oligarchize.

“We are already succeeding in something. For example, for the first time the number of oligarchs has not increased, but decreased. Minus Medvedchuk”, Zelenskyy said.

He reminded that politician and businessman Viktor Medvedchuk “was deprived of the opportunity to use media assets and state property with the help of legal tools in order to destroy the country”.

“There will be more losses until all the oligarchs become just big businessmen”, the president said.

He explained that the policy of de-oligarchization will deprive such individuals of concentrated media resources, non-transparent access to strategic assets. 

In the near future, the Ukrainian society will be presented with a fundamental bill on de-oligarchization, which will fix a systematic view of this problem. 

MPs Viktor Medvedchuk and Taras Kozak were signed on suspicion of treason. Searches were held in the house of Viktor Medvedchuk on May 11. On May 13, a court sent Medvedchuk under 24-hour house arrest.

Oligarchism in Ukraine was formed after 1996, and this was facilitated by 3 main factors. Until 2012, there were 14 financial-industrial groups in Ukraine, each of which belonged to one or more oligarchs. During Viktor Yanukovych’s presidency, the number of such groups was reduced to five.

On May 11, the Secretary of the National Security and Defense Council of Ukraine Oleksiy Danylov stated that there are 13 people in Ukraine, “whom we can confidently attribute to the oligarchic environment”.

(c) UATV


  • Nice if it comes off Zelensky, but let’s not forget, without the media launching a massive attack on Poroshenko, owned by a certain oligarch, you would never have been elected. The same media now paints everything in Ukraine as rosy, the dire economic situation is conveniently forgotten about, so is the rise in corruption since you was elected. All this sounds like someone wants the competition in Ukraine thinning out a little. No prizes for guessing who.

    Liked by 5 people

  • onlyfactsplease

    “The process of de-oligarchization in Ukraine will continue until all oligarchs become simply representatives of large business.”
    I seriously doubt that Zelensky will be successful with this. He lacks political savvy, experience, willpower and courage.

    Liked by 4 people

    • The media will attack him relentlessly like they did with Poro. All the politicians under oligarch control will turn against him, he’ll be lucky to get 20 votes for any new bills aimed at defanging the parasites.

      Liked by 4 people

      • onlyfactsplease

        Once the people catch wind of his efforts, I think that his popularity will explode. I too would change my mind about him if he proves that his intentions are tough and honest and this despite being successful or not. But, I have my doubts.

        Liked by 2 people

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.