Skip to content
Edit post

Ukrainian government officials, business leaders hold meeting amid fallout from detainment of prominent investment banker

by Dmytro Basmat January 23, 2024 5:11 AM 2 min read
Igor Mazepa is the director general of the Concorde Capital investment company in Kyiv, Ukraine. (Igor Mazepa/flickr.com)
This audio is created with AI assistance

A group of Ukrainian business leaders met with senior government officials on Jan. 22 to address concerns over the perceived escalation of law enforcement pressure on businesses, following the recent detention of influential investment banker Ihor Mazepa, Forbes Ukraine reported.

Mazepa, who was a vocal critic of state pressure on business, was detained on Jan. 18 under suspicion of illegally seizing land in Kyiv Oblast. Law enforcement officers also searched the premises of his investment firm Concorde Capital in Kyiv. Mazepa and his press service have vehemently denied the accusations, calling his detention an unfounded attack against his business.

The incident is just the latest in a string of what the business community in Ukraine says is systemic pressure from the state, including unannounced searches, asset seizure, and detentions.

A unnamed business leader speaking to Forbes Ukraine described a tense meeting with government officials, expressing the business communitiess outrange in the in handling of the detainment by law enforcement agencies.

Another business representative detailed the "obvious anger of the businesses" for the perceived pressure on businesses.

Economy Minister Yulia Svyrydenko, Minister of Digital Transformation Mykhailo Fedorov, Senior Advisor to the President's Office Daria Zarivna, and the Verkhovna Rada Chairman Ruslan Stefanchuk led the closed door meeting on Monday, aiming to quell anger among prominent business leaders.

Mazepa has connected his detention with his involvement in forming the "Manifesto 42" group, which emphasized the need to defend Article 42 of Ukraine's Constitution.

The article stipulates that "everyone has the right to engage in legal entrepreneurial activity" and that the state "shall ensure the protection of competition and entrepreneurial activity."

The CEO Club Ukraine community has previously said it is “outraged by the illegal actions of SBI investigators against Ihor Mazepa” and called on law enforcement agencies to stop pressure on business.

In his nightly address, President Volodymyr Zelensky addressed the meeting, acknowledging that "real difficulties" and "serious issues" remain in mending the relationship between Ukraine's government and businesses.

"I have familiarized myself with the details and asked to do the necessary groundwork to ensure that all complications between government officials, business, and law enforcers are resolved," the President said, calling for unity.

Ukrainian government to propose banning entry of Russian-registered vehicles for 50 years
The Ukrainian government will submit a proposal to the National Security and Defense Council to ban all vehicles registered in Russia or owned by Russian citizens from entering Ukraine for 50 years, according to an order published on the government’s web portal.
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

News Feed

7:50 AM

ISW: Medvedev's rhetoric echoes Stalin.

Dmitry Medvedev, the deputy chairman of Russia's Security Council, said in an interview with Russian media on Feb. 22 that Ukrainian citizens in occupied Ukraine who attempt sabotage against Russia should be "exposed and punished, sent to Siberia ... for re-education in forced labor camps."
Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
2:47 AM

4 injured in Russia's attack on Dnipro.

At least four people were injured in Dnipro as Russia targeted the city with Shahed drones overnight on Feb. 23, Dnipropetrovsk Oblast Governor Serhii Lysak said.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

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