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Forbes Ukraine: Firms with ties to Yanukovych’s son get $10 million in coal plants at no charge from state

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Nov. 1, 2012, 9:12 p.m. | Business — by Mark Rachkevych

All-Ukraine Bank of Development owned by Oleksandr Yanukovych
© UNIAN

Mark Rachkevych

Mark has been a reporter for the Kyiv Post since 2006, but joined full-time in 2009. A native Chicagoan where he was the co-founder of the now defunct Glasshouse Magazine, Mark currently is an editor of business news and still contributes stories on an ongoing basis. He is a former U.S. Peace Corps volunteer, a graduate of St. Norbert College in Wisconsin, and fluent in the Ukrainian and Russian languages.

An article by Forbes Ukraine posted online on Oct. 23 reports that companies with close ties to President Viktor Yanukovych’s son, Oleksandr, this year at no cost took over majority stakes worth an estimated $10 million in five coal enrichment plants from the state.

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