Ukrainian oligarchic groups belonging to Rinat Akhmetov, Viktor Pinchuk, Dmitry Firtash, as well as Kolomoyskyi’s and Bogolyubov’s Privat Group, together own a massive share of critical assets in the chemical and gas industry, metallurgy, financial, and oil sectors.
Ukrainian oligarchic groups belonging to Rinat Akhmetov, Viktor Pinchuk, Dmitry Firtash, as well as Kolomoyskyi’s and Bogolyubov’s Privat Group, together own a massive share of critical assets in the chemical and gas industry, metallurgy, financial, and oil sectors. The Russian invasion of Ukraine has exacerbated the clan struggle and the redistribution of assets.
Due to decades of particular interaction patterns and the political system in Ukraine, the country’s business elites are a far cry from being free of corruption or skeletons in the closet. Now each oligarch, backed by professional lobbyists, financial experts, offshore conglomerates, and long-standing ties with families and institutions in the USA and the EU, is under the gun of a competitive group whose capabilities stem from having cronies in power. A fierce battle for Ukrainian resources is underway.
However, the oligarchs are not alone. Ukraine is dependent on arms supply and financial subsidies that are not exactly gratuitous. Assets are forfeited and nationalized under the veil of international and internal corruption cases, which are launched against the defendants on the “friend or foe” basis and initiated by the people orchestrating the international shenanigans. Power, resources, and media are being consolidated and merged increasingly more often.
Influential families of Britain, America, and Europe, along with the multinational corporations and political institutions supporting Ukraine — all the while staying on the side lines — use oligarchs and their corruption networks in the struggle for assets and power in the region. So we are curious, who is actually behind the conflict of the Ukrainian oligarchs and whose interests are they pursuing?
