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Oleksandr Yanukovych

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In this name that follows Eastern Slavic naming customs, the patronymic is Viktorovych and the family name is Yanukovych.
Oleksandr Yanukovych
Олександр Янукович
Born (1973-07-10) 10 July 1973 (age 51)
Donetsk, Ukrainian SSR, Soviet Union
(present-day Ukraine)
OccupationBusinessman
Children2
Parents
RelativesViktor Viktorovych Yanukovych (brother)

Oleksandr Viktorovych Yanukovych (Ukrainian: Олександр Вікторович Янукович; born July 10, 1973, in Donetsk[1]) is a Russian[2] businessman and son of the former President of Ukraine Viktor Yanukovych.[3] He became one of the richest men in the country during his father's time in office, leading a group known as "the family" and a conglomerate called Management Assets Company (MAKO).[4] Since the ouster as President of his father he has lived in Russia and has there been granted Russian citizenship.[2][5]

Early life and education

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Yanukovych was born on 10 July 1973 to Viktor Yanukovych and Lyudmyla Yanukovych.In March 2015, Yanukovych's younger brother Viktor Viktorovych Yanukovych was reported to have died after a vehicle he was travelling fell through ice in Siberia. News reports at the time highlighted several similar deaths of people with ties to Yanukovych's father.[6]

Yanukovych graduated from the Donetsk National University as a dentist.[1]

MAKO

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Since 2006 he has led and been majority shareholder of Management Assets Company (MAKO), which grew rapidly starting in 2010, the year Yanuovych's father became president.[7][3] MAKO owns construction companies that have built business centres and shopping malls in Donetsk, a hotel in Balaklava and some banks, and has also been involved in banking and coal exportation.[7][3] In 2011, MAKO consisted of 16 enterprises in Ukraine, Switzerland and the Netherlands, and employed 700 people.[7] MAKO was assessed by the auditor PricewaterhouseCoopers as having $212 million in assets in 2011, grossing $663,000 from sales.[7] In March 2012 Yanukovych's net worth was estimated to be at least $130 million by Kyiv Post.[3] Before 2013 MAKO had denied it had bid for government public procurement contracts, taken part in government privatizations of state assets, or been involved in the extraction of natural resources.[7] In November 2012 Forbes Ukraine reported that companies linked to Oleksandr Yanukovych had at no cost taken over majority stakes worth an estimated $10 million in five coal enrichment plants from the state.[7][8] This was denied by Yanukovych.[7] In February 2013, Forbes Ukraine stated that Oleksandr Yanukovych had earned more in Ukrainian public procurement contracts than any other businessperson since the beginning of 2012.[9] Forbes Ukraine reported in February 2014 that in January 2014, his businesses won 50% of all state tenders.[10]

In early 2014, his personal assets were reported to be over $500 million.[11]

Ukrainian Bank of Development

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The Ukrainian Bank of Development (UBD) was founded in 1995 and controlled by Valentyna Arbuzova. Reports allege that in 2011, Yanukovych purchased stock in the bank to achieve 100% ownership.

In 2014, investigations by anti-corruption organizations into the bank and potential bribery charges against Yanukovych were launched. These included an order to freeze Swiss assets of both Yanukovych and former acting prime minister Serhiy Arbuzov, son of the UBD president.[12][13][14]

In 2017, a Kyiv court rejected a lawsuit by Yanukovych to recover up to ₴1.6 billion in damages from the National Bank of Ukraine after it delisted the UBD following sanctions applied by the European Union.[15]

Corruption allegations

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Ukrainian press have noted that people close to Yanukovych landed some of Ukraine's most important positions, including top government positions, during his father's presidency,[3][16][17][18][19] although his father denied that he appointed individuals based on their personal loyalty and closeness to his family rather than qualifications.[20] Also, Yanukovych's organization was accused of performing over 70 "raid seizures", where, with the help of corrupt government officials, the organization seized a property (usually a small business) under a fabricated justification.[21]

In 2016, Yanukovych and his father sought the annulment of their assets in sanction measures adopted by the EU in 2014, stating that the evidence presented was not factual.[22] In 2015, Viktor Yanukovych was placed on Interpol's Wanted List. Ukrainian Interior Minister Arsen Avakov confirmed that a warrant was also issued for Oleksandr Yanukovych.[23] In 2017, however, Interpol removed all data on the pair, and confirmed that Oleksandr was not on the wanted list.[24]

In 2017, Swiss authorities confirmed that Oleksandr Yanukovych did not have any personal bank accounts or assets in Switzerland, apart from those owned by MAKO Trading SA.[25] In October, the European Court of Justice upheld sanctions against Yanukovych and his father.[26]

Personal life

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Yanukovych is married[27][28][29] and has two sons, Viktor (born 2000) and Oleksandr (born 2009).[29]

(According to documents published by RIA Novosti) Yanukovych has received Russian citizenship.[2]

References

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  1. ^ a b (in Russian) Александр Викторович Янукович, UBR
  2. ^ a b c "RosMY: Yanukovych's son received Russian citizenship". Ukrayinska Pravda (in Ukrainian). 24 October 2024. Retrieved 24 October 2024.
  3. ^ a b c d e All In The Family, Kyiv Post (2 March 2012)
  4. ^ Kramer, Andrew E. (6 December 2013). "Behind Scenes, Ukraine's Rich and Powerful Battle over the Future". The New York Times.
  5. ^ ""Саша-cтоматолог" живет в Москве и заявляет, что он бежал со страны отдельно от отца".
  6. ^ "Ukraine ex-president's son 'drowns'". BBC News. 2015-03-22. Retrieved 2018-04-02.
  7. ^ a b c d e f g Audit results shed light on Oleksandr Yanukovych's assets, Kyiv Post (20 February 2013)
  8. ^ Forbes Ukraine: Firms with ties to Yanukovych’s son get $10 million in coal plants at no charge from state, Kyiv Post (1 November 2012)
  9. ^ (in Russian) РЕЙТИНГ ТЕНДЕРНЫХ ЧЕМПИОНОВ RATING TENDERS CHAMPIONS Archived 2014-02-08 at the Wayback Machine, Forbes Ukraine
  10. ^ "Ukraine crisis: Oligarchs are Yanukovych's weakest link". BBC News. 20 February 2014. Retrieved 20 February 2014.
  11. ^ Taras Ilkiv (24 January 2014). "A Ukrainian Explains 10 Things The West Needs To Know About The Situation In Kiev". Business Insider. Retrieved 2014-01-24.
  12. ^ Grey, Stephen. "Ukraine leader's son ran major business empire". U.S. Retrieved 2018-04-02.
  13. ^ Bidder, Benjamin (2012-05-16). "Profiting from Power?: The Dubious Business of the Yanukovych Clan". Spiegel Online. Retrieved 2018-04-02.
  14. ^ "Ukraine's Richest Man Fights to Save Faltering Fortune". Bloomberg.com. 2014-04-10. Retrieved 2018-04-02.
  15. ^ "Court dismisses Yanukovych's son lawsuit against NBU to recover UAH 1.6 bln in damages". interfax-Ukraine. November 15, 2017.
  16. ^ (in Ukrainian) Податкову очолив Віталій Захарченко, BBC Ukrainian (December 25, 2010)
  17. ^ (in Russian) Захарченко Виталий Юрьевич, Информационно-аналитический центр "ЛІГА"
  18. ^ (in Ukrainian) Любі друзі Олександра Януковича, Ukrayinska Pravda (7 November 2011)
  19. ^ (in Ukrainian) ЯНУКОВИЧ ПОСТАВИВ НА МІНФІН ЛЮДИНУ СІМ`Ї, Ukrayinska Pravda (28 February 2012)
  20. ^ Yanukovych denies favoring loyalists and ‘family’ in appointments, Kyiv Post (5 March 2012)
  21. ^ (in Ukrainian) Argument.ru Захарченко"
  22. ^ "Viktor Yanukovych v Council of the EU; Oleksandr Yanukovych v Council of the EU". Blackstone Chambers. Retrieved 2018-04-02.
  23. ^ "Ukraine ex-leader wanted by Interpol". BBC News. 2015. Retrieved 2018-04-02.
  24. ^ "Interpol ceases search for ex-Ukrainian president Yanukovych - May. 04, 2017". KyivPost. 2017-05-04. Retrieved 2018-04-02.
  25. ^ "Press service: No frozen accounts, assets of Oleksandr Yanukovych in Switzerland - Mar. 07, 2017". KyivPost. 2017-03-07. Retrieved 2018-04-02.
  26. ^ "Top EU Court Upholds Sanctions On Ukraine's Yanukovych". RadioFreeEurope/RadioLiberty. Retrieved 2018-04-02.
  27. ^ Александр Янукович | Активы Януковича
  28. ^ Жена Александра Януковича, фото! - Мужья и жены звезд
  29. ^ a b Сергей Руденко (2011-03-24). "Янукович Александр. ДОСЬЕ". Досье. Archived from the original on 2015-09-04. Retrieved 2015-04-12.
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