Tag: ANP

The Beginning of an Era of Poverty: How Kolomoisky's Oil Empire Fell and Who Will Own Its Remains

Igor Kolomoisky, court, bald, photo

The oil empire of Kolomoisky, once one of the most powerful oligarchs, is crumbling. What led to the collapse of the largest gas station chain, and who will inherit what remains? Just a few years ago, Ihor Kolomoisky and his partners controlled a vertically integrated structure in Ukraine with its own exploration, production, refining, and subsequent sales…

The trail of nationalization for 10 billion hryvnias. State-owned PrivatBank owns 245 gas stations, but Ihor Kolomoisky profits from them. What's the crux of the matter?

State-owned PrivatBank has been unable to gain control of its 245 gas stations for years. These stations are leased to companies from Ihor Kolomoisky's Privat Group. However, they haven't paid for their leases and have already accumulated over 10 billion hryvnias in debt, according to the state bank. Kolomoisky explains to Forbes where PrivatBank got the gas stations and how much money they make.