Alexander Yanukovych
The eldest son of former Ukrainian President Viktor Yanukovych is in talks with Vitaliy Skotsyk about purchasing a stake in the agricultural company AMAKO. The stake, which could be 40%, is expected to transfer to Oleksandr Yanukovych by the end of October, according to a source in the Antimonopoly Committee of Ukraine.
Despite their exile, the Yanukovych family continues to actively conduct business in Ukraine and is prospering on all fronts. Recently, it was reported that the former president's son is in talks with Vitaly Skotsyk, CEO of AMAKO, about purchasing a stake in the company.
"Reliable sources have reported that negotiations to purchase a 40% stake in AMAKO are in the final stages. All necessary documents will be signed by the end of September. Oleksandr Yanukovych will likely receive his first profit from AMAKO as early as November," the source reported.
Yanukovych Jr.'s collaboration with Vitaliy Skotsyk wasn't limited to joint business ventures. The businessmen's package deal includes joint funding of the Agrarian Party of Ukraine. Its leader, former Deputy Minister of Agriculture Ivan Bisyuk, has already resigned as party leader. Vitaliy Skotsyk will take over the APU in the coming days. The Agrarian Party will likely run for parliament. The APU list will consist of 70% of Oleksandr Yanukovych's people—primarily managers of enterprises under his control.
News of Yanukovych's son's involvement in funding the APU hasn't inspired most of the APU regional branch leaders. Some regional party leaders plan to hold a press conference on Wednesday to discuss the hostile takeover of the Agrarian Party.
Over four years, the former president's team laundered and transferred over $100 billion abroad, or $25 billion annually. Of this sum, only $1,5 billion has been seized. The rest continues to work for the Family, including in the form of real Ukrainian assets—businesses, banks, and real estate, writes the magazine "New Time of the Country."
"The Family's ownership structure is extremely complex. A significant share is held by companies that Yanukovych and Co. control behind the scenes. The Yanukovych Family holds at least a 25% stake in the largest Ukrainian enterprises. And some of the former president's hidden assets are located in central Kyiv," the publication's journalists note.
AMAKO supplies agricultural machinery and equipment to Ukraine. It has been present in Ukraine since 1992 and is a leading market player. AMAKO's partner network includes 23 dealerships and 10 regional centers throughout Ukraine.
Utro.ua
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