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Billion-dollar Conflicts

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Sept. 9, 2010, 11:46 p.m. | Ukraine — by Svitlana Tuchynska

From left, Energy Minister Yuriy Boyko, presidential administration head Serhiy Lyovochkin, State Security Service of Ukraine head Valeriy Khoroshkovsky and RosUkrEnergo part-owner Dmytro Firtash. Ex-Prime Minister Yulia Tymoshenko, repeating accusations she made while in power, alleged on Sept. 6 that all four men are business associates in either the gas trade or in media holdings, making it a massive conflict of interest for these government officials to be involved in decisions that could transfer $5 billion worth of the state's natural gas supplies back to RosUkrEnergo, 45 percent owned by Firtash.

Svitlana Tuchynska

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Ex-Prime Minister Yulia Tymoshenko may be fading in popularity, but she remains one of the few politicians to openly denounce conflicts of interest between top officials of President Viktor Yanukovych’s administration and RosUkrEnergo, the shadowy gas trader jointly owned by Russia’s Gazprom and Ukrainian businessmen.
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