Skip to content

News Feed

8:11 AM
The General Staff of Ukraine's Armed Forces reported on Oct. 4 that Russia had lost 279,890 troops in Ukraine since the beginning of its full-scale invasion on Feb. 24, 2022. This number includes 450 casualties Russian forces suffered just over the past day.
7:53 AM
Russia's Defense Ministry said via its Telegram channel that its forces shot down 31 Ukrainian drones overnight on Oct. 4 over the Belgorod, Bryansk, and Kursk regions.
Ukraine Daily
News from
Ukraine in your
1:14 AM
The move follows a tense battle over funding legislation that nearly resulted in a government shutdown. Funding for Ukrainian military aid became a focal point of the legislative fight.
4:00 PM
The U.S. military is ready to send Ukraine some of its long-range Army Tactical Missile Systems (ATACMS) armed with cluster munitions once U.S. President Joe Biden approves the transfer, Bloomberg reported on Oct. 3, citing the U.S. military's chief weapons buyer.

watch us on facebook

Edit post

SBU charges managers of wanted oligarch's company with embezzlement

by Martin Fornusek June 29, 2023 5:41 PM 2 min read
This audio is created with AI assistance

The Security Service of Ukraine (SBU) reported on June 29 that it charged six people over embezzling Hr 400 million ($10.9 million) at the Poltava Mining and Processing Plant (HZK).

The plant is part of the Ferrexpo group, which belongs to the Ukrainian businessman, billionaire, and former parliament deputy Kostiantyn Zhevago. The oligarch has been involved in numerous domestic and international fraud and corruption cases.

According to the SBU, the suspects were selling extracted raw materials without the proper permit to an affiliate commercial entity at an artificially low cost. Then they re-sold the material already at a market-level price, the investigators wrote.

The scheme supposedly took place between 2019-2022. The suspects were reporting incorrect financial data to hide their activities, the SBU explained.

As the perpetrators, the SBU listed the director of the HZK, his representative, the chief accountant, the head of sales, as well as a former director and chief accountant of the associated firm.

On Feb. 2, the SBU charged the chief accountant of the HZK with tax evasion and forgery.

The HZK's owner Zhevago was charged with embezzling and laundering $113 million at Finance & Credit Bank in 2019. In 2021, he was put on the Interpol wanted list. He continues to reside in France as a French court has ruled against his extradition.

The wanted oligarch is also linked to the scandal surrounding Vsevolod Kniaziev, the former head of Ukraine's Supreme Court, who was charged with corruption on May 16 and faces up to 12 years in prison.

Supreme Court votes to dismiss chief alleged of taking a $3 million bribe
A plenary meeting of Ukraine’s Supreme Court has voted to dismiss the court’s head, Vsevolod Kniaziev, who was earlier detained for allegedly receiving a $3 million bribe.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

Editors' Picks

Enter your email to subscribe

Please, enter correct email address


* indicates required
* indicates required


* indicates required
* indicates required


* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.