Overview
- Ukraine issued sanctions by presidential decree against Timour Minditch and another businessman, including a freeze of their assets.
- NABU attributes roughly €86 million in diverted funds to a scheme that imposed 10–15% kickbacks on Energoatom contracts, used shadow managers, and laundered money through foreign firms.
- Minditch, a co-owner of Kvartal 95 with past personal ties to Volodymyr Zelensky, left Ukraine before the case surfaced and remains untraceable, with media reporting a likely move to Israel.
- Energy Minister Svitlana Gryntchouk and Justice Minister Guerman Galouchtchenko resigned at Zelensky’s request following the revelations, with a parliamentary vote on their dismissals expected soon.
- International partners are pressing for robust action as the EU has not issued an official response, Germany urged forceful anti-corruption efforts in a call with Zelensky, the IMF stressed reform conditions, and Hungary’s Viktor Orban posted sharp criticism.