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President Poroshenko comments on reports about his offshore companies.

154 views · Published 7 April 2016 · 2:59 · Indexed 29 October 2026

Channel: NewsFromUkraine · 2016 · News & Politics

Ukraine's President Petro Poroshenko has found himself in a political storm over the leaked documents from a Panamanian firm. Poroshenko promised voters he would sell his candy business, Roshen, when he ran for office. But documents from the Panamanian law firm Mossack Fonseca indicated that instead he set up an offshore holding company to move his business to the British Virgin Islands.

In a Facebook posting, Poroshenko insisted that he hasn't managed his assets since taking the office.

"I believe I might be the first top office official in Ukraine who treats declaring of assets, paying taxes and conflict of interest issues profoundly and seriously, in full compliance with the Ukrainian and international private law," he said. "Having become a President, I am not participating in management of my assets, having delegated this responsibility to the respective consulting and law firms. I expect that they will provide all necessary details to the Ukrainian and international media."

President Poroshenko comments on reports about his offshore companies.

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