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Court rules to transfer assets of Yanukovych's son to armed forces.

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The Prosecutor General’s Office had frozen $8.1 million worth of assets belonging to a bank owned by Oleksandr Yanukovych, the son of ex-President Viktor Yanukovych. The assets of the bank, which was allegedly used for money laundering, were transferred to the Defense Ministry’s Intelligence Directorate. Earlier this month, the EU imposed new sanctions against Viktor Yanukovych and Oleksandr Yanukovych due to their role in helping Russia to undermine Ukraine's territorial integrity and sovereignty.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Kyiv Independent's Deputy Chief Editor Oleksiy Sorokin spoke with Latvian Prime Minister Evika Siliņa during her visit to Kyiv on July 15, following U.S. President Donald Trump's announcement of his deal with NATO to arm Ukraine and his threat to impose severe sanctions on Russia if it doesn't reach a peace deal with Ukraine within the next 50 days.

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