cover image: OSW Commentary - Ukrainian oligarchs in wartime - Oligarchs and the Russian aggression

20.500.12592/dcn347

OSW Commentary - Ukrainian oligarchs in wartime - Oligarchs and the Russian aggression

8 Jun 2022

They viewed the fate of the assets located in the territory of the separatist republics in the Donbas, which have been nationalised, as another warning sign. [...] In addition, the company has lost control of its two wind farms located on the Russian-occupied coast of the Sea of Azov (the Prymorska wind farm and the Botievska wind farm). [...] The price of shares issued by Ferrexpo, a company owned by Zhevago and listed on the London Stock Exchange, has decreased almost threefold since the outbreak of the war, and at present it is around 40% lower than it was before the Russian invasion. [...] The elites have reached a consensus and almost all legislation enacted by the Verkhovna Rada is adopted by constitutional majority, and most of it is drafted by the Office of the President or by the government. [...] At present, the government enjoys an unprecedentedly high level of support – 80% of the respondents believe that the situation nationwide is developing in a favourable manner.7 Zelensky may use these circumstances to radically reduce the significance of oligarchs, already affected by financial difficulties, in the realm of politics and in the media.

Authors

Sławomir Matuszak; Centre for Eastern Studies (OSW)

Pages
4
Published in
Poland