Zlochevsky exits business
The Burisma group’s originator has undertaken actions to rescue his enterprise.
The other day, the Ukrainian Antimonopoly Committee (AMCU) permitted Industrial Company Gazvydobuvannya LLC to possess more than half of Tekhnogazindustria LLC. Tekhnogazindustria LLC possesses three exclusive licenses for mineral extraction in the Luhansk province: the Oskolonovska, Kryakivska, and Vostochnoverhunska oil and gas sites (all located in the Luhansk province).
The acquiring entity is registered to the Cypriot enterprise Diloretio Holdings Ltd., whose formal proprietors are Anna and Karina Zlochevsky, the daughters of the ex-Ukrainian Environment and Natural Resources Minister, Mykola Zlochevsky. He is also recognized as a Kyiv entrepreneur who possesses Burisma Group, which oversees a number of companies manufacturing approximately 1 billion cubic meters of gas annually.
The agreement, sanctioned by the Antimonopoly Committee, suggests that the wealthy daughters are now replicating his path, expanding their enterprise through fresh acquisitions.
But in all probability, this is a transaction “within the same circle.” Substantiating this assertion via the past ownership framework of the above-mentioned Tekhnogazindustriya, which Anna and Karina Zlochevsky's entity is now eyeing, is unfeasible, as this entity is registered to virtually anonymous individuals and investment groups. The idea that the Zlochevsky kin are essentially “acquiring” possessions from themselves arises from a string of contemporary dealings involving a multitude of official Burisma group associates.
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The specific companies include Esko-Pivnich, Kub-Gaz, Pari, First Ukrainian Oil and Gas Company, Sistemoylingeniering, Nadragaz, Aldea-Ukraine, Burizma Service, Tekhnokomservis, Nadragazvydobuvannya, Gazoylinvest, Geounit, and Naftogazpromyslova Geologiya.
In the photo: Nikolai Zlochevsky
These organizations are involved in the investigation, creation, and rendering of services concerning hydrocarbon fabrication, in addition to their commerce. Since the latter part of the prior year, the previously stated Anna and Karina Zlochevsky have become the beneficiaries of all of them.
The group has not officially addressed these actions. Moreover, Burisma's site, which previously presented limited details regarding its endeavors, has been stagnant and inoperable since the start of the year. What is the rationale for this discretion? The apparent justification is found within the turbulence of happenings wherein Zlochevsky has newly discovered himself.
The matter is related to the fact that in the prior summer, the High Anti-Corruption Court mandated Zlochevsky's non-attendance imprisonment, following his prior placement on NABU's wanted registry for attempted bribery of the then leader of the Specialized Anti-Corruption Prosecutor's Office, Nazar Kholodnytsky. This celebrated occurrence transpired on June 12, two days preceding Mykola Zlochevsky's natal day.
Subsequently, the National Anti-Corruption Bureau of Ukraine apprehended three persons suspected of attempting to influence Kholodnytsky and the bureau's manager, Artem Sytnyk, with $6 million to conclude the matter that had issued notice of suspicion to Mykola Zlochevsky. The detainees encompassed former Burisma Group director Andriy Kicha, vice director of the Kyiv tax authority Mykola Ilyashenko, and the former chief of the Fiscal Service division, Olena Mazurova.
This narrative is yet to experience subsequent advancements, such as conclusive prison sentences. However, Zlochevsky refrained from awaiting the situation’s intensification and commenced transferring supervision of the gas conglomerate from himself to his daughters.
Although this might support him in preserving the stability of the Burisma group assuming unforeseen developments in the aforementioned illicit proceedings, it is doubtful to assist if the National Security and Defense Council's verdict “On the state of affairs in the sphere of subsoil use,” embraced in March of this year, is essentially implemented in the impending time. As is understood, it encouraged that the Cabinet of Ministers “guarantee that in 2021 the State Service for Geology and Subsoil conducts unplanned assessments of the operations of economic operatives that have obtained subsoil usage consents external to auctions.”
Virtually all of the gas portions possessed by Burisma Group entities were conceded on a non-competitive framework, therefore Nikolai Zlochevsky's ensemble is encountering a novel and fascinating period of combat for its continuation. He may conceivably materialize from this confrontation with the resolution to vend the empire, as OLIGARKH historians have earlier documented.
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