Son of Motor Sich's former president Vyacheslav Bohuslayev was detained in Monaco on fraud charges linked to a $650 million asset scheme, Ukraine's Security Service (SBU) announced on May 2.
Editor’s Note: This is issue 138 of Ukrainian State-Owned Enterprises Weekly, covering events from June 24-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On June 28, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s Note: This is issue 128 of Ukrainian State-Owned Enterprises Weekly, covering events from April 13-19, 2024. The Kyiv Independent is reposting it with permission. Banks Oschadbank earns a record Hr 6 billion profit in 2023 (audited). On April 19, Oschadbank reported that its executive and supervisory boards approved
The Ukrainian government's clampdown on strategic companies owned by oligarchs was swift and unexpected. Invoking special provisions under martial law, the Defense Ministry seized five companies associated with controversial businessmen Ihor Kolomoisky, Kostyantyn Zhevago, Konstantin Grigorishin, and Viacheslav Bohuslaiev. The companies seized include fossil fuel companies Ukrnafta and Ukrtatnafta, truck
Eight months into the full-scale war, a scandal ripped through Ukraine’s defense industry. Two top executives of Ukraine’s most famous defense contractor, Motor Sich, were detained on Oct. 22 for allegedly collaborating with Russia. Motor Sich is a storied Ukrainian company, whose creation predates the Soviet Union. It
China’s aerospace firm Skyrizon is taking the Ukrainian government to an international tribunal, demanding $4.5 billion in compensation over the failed purchase of Motor Sich, an advanced aircraft engine manufacturer based in the regional capital of Zaporizhia. Beijing Skyrizon Aviation explained in the statement on its WeChat account
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