Poroshenko can’t sell his business because of civil war in Donbas, lack of bidders

By Vladimir V. Sytin
The Ukrainian Times

The so-called president of Ukraine, Peotr Poroshenko, cannot sell his business because of a civil war in the Donbas region and lack of bidders, so he alleges.

Last year the Organization for Security and Cooperation in Europe required Poroshenko to sell the television channel 5 Kanal that belongs to the Ukrainian oligarch. OSCE officials are indignant at his unwillingness to part with the media business.

In addition to 5 Kanal and the chocolate group Roshen, Poroshenko owns the Kiev-based shipyard Leninskaya Kuznitsa, bus and automobile factories. According to analysts, Roshen is estimated at $2 billion and it could be sold for $1.2 billion or so.

In 2014 Forbes ranked Poroshenko sixth with assets worth $1.3 billion among Ukrainian tycoons.