You're reading: MAKO Group studying validity of US sanctions against Oleksandr Yanukovych

The lawyers of MAKO Group, which is owned by the only surviving son of the former President of Ukraine Viktor Yanukovych, Oleksandr, is currently studying the grounds for the imposition of sanctions by the United States against Oleksandr Yanukovych and PJSC MAKO Holding (both based in Donetsk), and plan to have the sanctions lifted, possibly with the cancelation of contested EU sanctions

The press service of the group announced this in response to information of the U.S. Department of the Treasury on expanding sanctions against Oleksandr Yanukovych and MAKO Holding.

“The lawyers of Oleksandr Yanukovych are thoroughly studying the reasons for the imposition of sanctions by the United States against his person and his company MAKO Holding. At the moment, we do not understand the reasons for imposing such sanctions,” the company said.

According to MAKO Group, the sanctions are not expected to have a significant adverse effect.

“In our view, these sanctions will not have a significant adverse effect since Oleksandr Yanukovych has never had personal accounts abroad, and MAKO Holding did no business with U.S. counterparts,” the company said.