Events in ukraine have been largely driven by two of the country’s oligarchs, rinat akhmetov and rinat kolomoisky. they have both faced a significant loss of revenue since the russian invasion in 2014 and have been met with a hostile response from the public for their attempts to influence politics. in 2019, mr kolomoisky found himself in a confrontation with the former president of ukraine, petro poroshenko. in late 2021, the war in the eastern regions of ukraine took a toll on the country’s resources, leading to the passing of a de-oligarchisation bill. this bill stated that any individual who met three out of four criteria defined as oligarchic behaviour would be subject to extra checks and banned from funding political parties.
Events in ukraine began in 2014 when the russian invasion took place. this caused a major loss of earnings for ukraine’s super-rich, leading to the passing of the de-oligarchisation law in late 2021. in order to avoid being put on the zelensky list, rinat akhmetov sold off all his media assets. in february 2022, russia escalated the conflict with ukraine by invading the country.
War in ukraine has caused a major loss of earnings for ukraine’s super-rich, leading to the passing of the de-oligarchisation law. this was one of the first major triggers of their demise and has caused a hostile response from the public for their attempts to influence politics. sevgil musayeva, editor-in-chief of popular news website ukrainska pravda, believes that this war is the beginning of the end for oligarchs in ukraine. ms musayeva believes that it is now up to ukraine’s civil society and anti-corruption institutions to prevent the emergence of new oligarchs.