Zelenskyy's income fell drastically following Russia's invasion, new declaration reveals

Ukrainian President Volodymyr Zelenskyy speaks with CNBC’s Andrew Ross Sorkin on the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. sixteenth, 2024.

Adam Galici | CNBC

Ukrainian President Volodymyr Zelenskyy revealed his income for the primary time on Sunday as he appears to advertise transparency and sort out corruption as a part of the nation’s push for EU membership.

Ukraine formally began the screening course of to start EU membership final week and faces stringent circumstances on addressing its historic corruption downside.

The Zelenskyy household income fell virtually threefold between 2021 and 2022, in response to the declaration on the presidential web site.

Zelenskyy and his members of the family acquired 10.8 million Ukrainian hryvnias ($286,168) in 2021, the yr earlier than Russia invaded Ukraine, which was down virtually 12 million hryvnias from the earlier yr. The 2021 determine included round $142,000 in income from the sale of presidency bonds.

“Volodymyr Zelenskyy continues to personal quite a few logos. In specific, in 2021, the method of registering 22 logos, which started lengthy earlier than his election as President of Ukraine, was accomplished,” the president’s first-ever public declaration of income stated.

In 2022, the Zelenskyy household income fell to three.7 million hryvnias because of the “short-term termination of lease agreements on the territory of Ukraine because of the start of Russia’s full-scale aggression.”

The household’s money steadiness on the finish of 2022 dropped by virtually 1.8 million hryvnias, the declaration stated, whereas its asset, actual property and automobile possession was unchanged over the 2 years.

Zelenskyy has urged all public officers to reveal their incomes as a part of a wider effort to advertise transparency, and Ukraine’s National Agency on Corruption Prevention final month reopened a register on declared income to public scrutiny.

The U.S. and different allies supplying monetary help and weaponry, together with establishments such because the International Monetary Fund, have additionally sought assurances about Kyiv’s efforts to eradicate graft in public workplace.

The Security Service of Ukraine (SBU) revealed on Saturday that it had uncovered a $40 million arms procurement corruption scheme after a two-year investigation.

Five staff from Ukrainian arms agency Lviv Arsenal allegedly conspired with Ministry of Defense officers to embezzle funds earmarked for the acquisition of 100,000 mortar shells.

The SBU stated 5 folks had been charged and will resist 12 years in jail if discovered responsible.

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