Ukrainian President Volodymyr Zelensky speaks with CNBC’s Andrew Ross Sorkin on the annual assembly of the World Financial Discussion board in Davos, Switzerland, January 16, 2024.
Adam Galich | CNBC
Ukrainian President Volodymyr Zelensky printed his earnings for the primary time on Sunday as he seeks to advertise transparency and battle corruption as a part of the nation’s bid for EU membership.
Ukraine formally started the EU membership choice course of final week and faces robust circumstances to resolve its historic corruption downside.
In accordance with a declaration on the president’s web site, the Zelensky household’s earnings fell nearly threefold between 2021 and 2022.
Zelensky and his relations obtained 10.8 million Ukrainian hryvnia ($286,168) in 2021, the yr earlier than Russia invaded Ukraine, nearly 12 million hryvnia lower than the earlier yr. The 2021 determine included about $142,000 in proceeds from the sale of presidency bonds.
“Vladimir Zelensky continues to personal a lot of emblems. Specifically, in 2021, the registration course of of twenty-two emblems was accomplished, which started lengthy earlier than his election as President of Ukraine,” says the president’s first-ever public earnings assertion.
In 2022, the Zelensky household’s earnings fell to three.7 million hryvnia because of “momentary termination of lease agreements in Ukraine because of the beginning of full-scale Russian aggression.”
The household’s money steadiness on the finish of 2022 decreased by nearly 1.8 million hryvnia, the declaration says, whereas belongings, actual property and car possession haven’t modified over two years.
Zelensky has known as on all authorities officers to reveal their earnings as a part of broader transparency efforts, and Ukraine’s Nationwide Company for the Prevention of Corruption final month reopened its earnings registry to public scrutiny.
America and different allies offering monetary assist and weapons, in addition to establishments such because the Worldwide Financial Fund, have additionally sought assurances about Kyiv’s efforts to root out graft in public workplace.
Ukraine’s Safety Service (SBU) mentioned on Saturday it had uncovered a $40 million weapons procurement scheme after a two-year investigation.
5 staff of the Ukrainian arms firm Lvov Arsenal allegedly conspired with Protection Division officers to steal funds meant for the acquisition of 100,000 mortar shells.
The SBU mentioned that costs have been introduced towards 5 folks, and if discovered responsible, they withstand 12 years in jail.