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You're reading: Why Yanukovych could never sign an EU deal

Until the year 2007, Yanukovych, then a member of parliament, officially lived in a 140-square-meter penthouse in Kyiv.  He then sold his apartment to Serhiy Klyuev, now a lawmaker and head of the banking regulation committee, and a member of supervisory board of the central bank.

The apartment fetched a ridiculously high price of $ 7 million, or $50,000 per square meter. By comparison, ex-Prime Minister Pavlo Lazarenko bought his sprawling 20-room home mansion in Novato, Calif. for $6.75 million. Now old news, Lazarenko was convicted in the U.S. of money laundering, extortion, tax evasion and had his house seized.

To dress the deal up somewhat, the official deed said that the apartment was actually 380 square meters in area – despite the fact that his 2007 declaration stated that he only owned 140 square meters.
Despite numerous media reports on this phenomenal real-estate deal, the Prosecutor General Office did not find it suspicious. Both sides have denied wrongdoing.

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