Support The Moscow Times!

Former Ukrainian Officials Allegedly Funneled $32 Billion to Russia

Four British ministers and several senior U.S are scheduled to attend a meeting in London to help Ukraine track and recover billions of dollars allegedly stolen by Yanukovych's entourage. Vedomosti

Former Ukrainian officials have funneled $32 billion to Russia, Ukraine's acting prosecutor general has said ahead of a meeting in London on tracking money allegedly stolen by ousted Ukrainian president Viktor Yanukovych's entourage.

Russia is "officially harboring criminals such as Yanukovych" and his senior aides "without recognizing their guilt," Acting Prosecutor General Oleh Makhnitsky said in comments published on the prosecutor office's website Monday.

"All countries except Russia are actively cooperating with Ukraine," he said. "According to the latest investigative data, at least $32 billion has been taken out to Russia alone."

Four British ministers and several senior U.S. officials, along with representatives of about 20 other countries, are scheduled to attend a meeting in London this Tuesday and Wednesday to help Ukraine track and recover billions of dollars allegedly stolen by Yanukovych's entourage, The Financial Times reported Sunday.

Makhnitsky said that Switzerland has identified $2 billion originating from Ukraine that had made its way into Swiss bank accounts by the end of 2012.

"That sum could not have been gained by legal means, or the fraction of the money that was obtained legally was negligible," he said.

The European Union, Switzerland and others have frozen the assets and bank accounts of Ukrainians suspected of misappropriating state funds, including Yanukovych and his two sons. The ousted president has sought refuge in Russia following months of street protests that began last fall in response to his abrupt rejection, under Moscow's pressure, of a planned association deal with the European Union.

See also:

3 European States Freeze Ukraine Ex-Leaders' Assets

Specter of Money Haunts Ukraine's Turmoil

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more