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Ukraine MP election: Removing Oligarchs ... Some

by Oui Sun Jul 21st, 2019 at 11:44:20 AM EST

Heading into Ukraine's July 21 parliamentary elections, new President Volodomyr Zelenskiy is riding a high. Having swept into office in late May with 73% of the vote, Zelenskiy is poised to take a commanding share of the Ukrainian Rada (parliament), if not an outright majority.

Most polls have his Servant of the People Party with somewhere between 42% and 48% of the vote, figures that are unheard of in a system in which a top party rarely wins more than one-third. The next most popular party, the pro-Russian Opposition Bloc, has only 15% of the vote according to polls. [Source: Brookings Institute]

How Pro-Russian Oligarch Viktor Medvedchuk Is Regaining Power in Ukraine

Ukraine parliamentary vote: Fresh start or a U-turn? | DW |

Radical plans

Sunday's election will be decisive for Zelenskiy: For his radical fresh start, the former comedian needs a broad majority. Zelenskiy wants to reform almost all sectors, press ahead with digitization and fight corruption. He has also hinted at a reckoning with the legacy left by former President Petro Poroshenko.

Continued below the fold ...


He has already fired several officials left over from Poroshenko's days in office [pro-western outlet Atlantic Council], and proposed to extend a current ban preventing officials from the Yanukovych era from working in the public service to Poroshenko and his team. A draft bill to this end is already before the parliament. Legal prosecutions also seem possible, especially as the Servant of the People party would like to abolish the general immunity enjoyed by parliamentarians. A majority of the population is likely to welcome such a move.

Zelenskiy's party also wants to limit the influence oligarchs have on Ukrainian politics. But it's not clear whether this will also apply to Ihor Kolomoyskyi, with whom Zelenskiy was associated before his election, at least business-wise. Critics have accused Zelenskiy of being politically allied with the businessman as well, something both men deny. Yet the presidential office is headed by one of Kolomoyskyi's former lawyers, and one of the top candidates of the Servant of the People party is the managing director of Kolomoyskyi's TV station .

[Links added are mine - Oui]

From the diaries here @EuroTrib ...

Right Sector leader Dmitry Yarosh built good ties with Eastern oligarch Igor Kolomoyskyi (Aug. 2014)
Oligarchs making gains: the costly nationalization of Ukraine's PrivatBank

Ukraine reverses nationalization of Israeli tycoon's bank | Times of Israel |

A Ukrainian court on Thursday [April 19, 2019] ruled that the 2016 nationalization of a major bank owned by a tycoon was illegal, sending shockwaves through the country's financial community.

Privatbank, Ukraine's biggest lender, was nationalized in 2016 after authorities discovered a capital shortfall of more than $5 billion. The bank was owned by tycoon Ihor Kolomoyskyi, who was appointed governor of a Ukrainian region by President Petro Poroshenko but later fell out with him.

Related reading ...

Biden's Ukrainian Oligarchs and Corruption   by Oui @BooMan on Aug. 6, 2017
Ukraine in 'Very Active' Talks With IMF Over Longer Aid Program | Bloomberg - June 2019 |

    Commenting on the legal battle over No. 1 lender Privatbank, which was nationalized in 2016, Markarova said the government will continue to "defend its position" against former owner Igor Kolomoisky.

Oligarchs Weaponized Cyprus Branch of Ukraine's Largest Bank to Send $5.5 Billion Abroad | OCCRP - April 2019 |
Ukraine's PrivatBank Sues Billionaire Kolomoyskiy In U.S. Court | RFERL - May 2019 |

Rule of the day: To win a democratic election, one needs a Privat oligarch, bankers preferred.

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Snap elections 2019: Turnout makes 49,84% as of 8 pm

Elections to the Verkhovna Rada were held in Ukraine on July 21.

According to the National exit poll, Servant of the People of Volodymyr Zelensky headed by Dmytro Razumkov gets 44,2% of the votes; Opposition Platform - For Life by Yuriy Boyko, Vadym Rabinovich and Viktor Medchedchuk - 11,4% of the votes; European Solidarity of Petro Poroshenko - 8,8% of the votes; Batkivshchyna (Fatherland) of Yulia Tymoshenko - 7,4% of the votes; Holos (The Voice) of Svyatoslav Vakarchuk - 6,5% of the votes.

Rise of the Zelennials: Ukraine's Parliamentary Elections Signal Generational Shift
'I am the Obama of Ukraine,' says Jewish presidential hopeful Rabinovich | Times of Israel -  May 2014 |

Related reading ...

Putin says will work to restore Ukraine ties

'It's rare"

    In addition to the six phone calls involving Kislyak, the communications described to Reuters involved another 12 calls, emails or text messages between Russian officials or people considered to be close to Putin and Trump campaign advisers.

    One of those contacts was by Viktor Medvedchuk, a Ukrainian oligarch and politician, according to one person with detailed knowledge of the exchange and two others familiar with the issue.

    It was not clear with whom Medvedchuk was in contact within the Trump campaign but the themes included US-Russia cooperation, the sources said. Putin is godfather to Medvedchuk's daughter.

Of course, the Donbass and Crimea seen as pro-Russian were excluded in today's vote.

Ukraine vote January 2006: Tymoshenko managed to line up with Victor Yanukovich, Victor Medvedchuk and the Communists

Global Warming - distance between America and Europe is steadily increasing.

by Oui on Sun Jul 21st, 2019 at 08:54:08 PM EST
Of course, the Donbass and Crimea seen as pro-Russian were excluded in today's vote.

How could the Ukrainian state organize elections in the Donbass province, currently held by rebel forces, or Crimea which has been annexed by Russia a few years ago, pro-Russian sentiments or not?

by Bernard on Thu Jul 25th, 2019 at 02:32:00 PM EST
[ Parent ]
I understand a total of 27 seats in the Verkhova Rada are left empty.

Global Warming - distance between America and Europe is steadily increasing.
by Oui on Thu Jul 25th, 2019 at 03:02:19 PM EST
[ Parent ]
BBC predicting Zelenskiy's party will take an outright majority: 250 out of 450 seats.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Mon Jul 22nd, 2019 at 06:03:53 PM EST


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