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Kyiv cracks down on tax evasion by Ukrainian oligarchs via Swiss banks

Ukrainian company directors are funneling their dividends to shell companies in Cyprus that move the money to Swiss banks. Kyiv has asked Bern to lift the veil on this type of arrangement in no fewer than seven cases. Yuriy Kosyuk, 57, is a “Hero of Ukraine”, the country’s highest state honour. He held a senior position in the presidential administration under Petro Poroshenko in 2014, survived successive political transitions and remains, under president Volodymyr Zelensky, one of Ukraine’s most powerful businessmen. His company, MHP, is the country’s leading poultry producer. But since March 13, 2026, he can no longer count on Switzerland to shield his tax secrets from the scrutiny of Kyiv. Kosyuk is the latest target in a wave of requests for mutual tax assistance between Switzerland and Ukraine. In a recent ruling, the Swiss Federal Court rejected an appeal by seven companies belonging to the MHP group seeking to prevent the Swiss tax administration from sharing information ... Full story here Are you the author?
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