Ukraine confiscates USD 1.5 billion of Yanukovych’s assets

The money is already on the accounts of Ukraine’s State Treasury, - President Petro Poroshenko
12:21, 28 April 2017


Ukraine’s Oshchadbank confiscated 1.5 billion U.S. dollars from the assets of the ousted ex-president Yanukovych. This was made under the respective decision of Ukraine’s National Security and Defense Council.

‘The money from those blocked accounts were transferred to the account of Ukraine’s State Treasury,’ President Petro Poroshenko said.

The head of the state turned to the government and the parliament, charging them ‘to submit respective amendments to the state budget’.

Viktor Yanukovych, the president of Ukraine in 2010-2014 fled the country along with many of his sidekicks during the Revolution of Dignity in February 2014. He's been on the wanted list of Ukraine's law enforcement agencies ever since - for numerous crimes against the state and the people of Ukraine, including the state treason, waging aggressive war against Ukraine, embezzlement of public funds and many others. 

Since Yanukovych fled to Russia, the Ukrainian court managed to set contacts with him and his lawyer; the Ukrainian side organized the trial in Yanukovych's case by means of video conference, where the ex-official was charged with the abovementioned crimes. Yanukovych denies his guilt, whereas the Ukrainian side, mainly the Prosecutor General's Office is trying to prove otherwise.

The next court session will take place on May 4.

Related: Obolon district court summons Yanukovych to hearing in treason case on May 4

Related: Trial over Yanukovych to kick off May 4

Related: National debt of Yanukovych: Chance not to return 3 billion to Russia

Related: London court approved expedited review of Russia’s claim in "Yanukovych debt"

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