U.S. Department of State: Sanctions against Kolomoyskyy based on credible information

U.S. Department of State: Sanctions against Kolomoyskyy based on credible information

When making a decision to impose sanctions on Ukrainian oligarch Ihor Kolomoyskyy, the US had "credible information" that he was involved in significant corruption.

“The [U.S.] Secretary of State has credible information that Kolomoyskyy was involved in significant corruption while serving as the governor,” Ned Price, Spokesperson for the U.S. Department of State, said at a briefing on March 5.

He noted that the information “is gathered from a variety of sources”. In addition, according to him, “numerous media outlets have widely reported on Kolomoyskyy’s corrupt activities, and it’s been the subject of investigations by Ukrainian Government as well.”

Price underscored that the sanctions were “based on acts during his [Kolomoyskyy’s] time in office, but the department is also drawing attention to Kolomoyskyy’s current and ongoing efforts to undermine democratic processes and institutions, which pose a serious threat to Ukraine’s future.”

As the Spokesperson for the U.S. Department of State noted, the sanctions imposed on Kolomoyskyy “send a strong signal that the United States stands with all Ukrainians whose work drives reforms forward.” He also added that the United States was committed to helping Ukraine achieve a future that so many Ukrainians demanded during the Revolution of Dignity.

On Friday, the United States imposed sanctions on Ukrainian oligarch and former official Ihor Kolomoyskyy over the involvement in significant corruption. In addition, restrictions were imposed on members of his family.

In December 2020, the U.S. prosecutors accused Kolomoyskyy and his business partner, Hennadiy Boholiubov, of using misappropriated funds to buy a real estate in Ohio, following previous similar U.S. statements about property in Kentucky and Texas.


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