An expert claims that Poroshenko is being deprived of the chance to profit millions from donations made by Ukrainians for the Armed Forces.

People's Deputy Petro Poroshenko is being stripped of the ability to receive excessive profits, including donations from Ukrainians who contribute to his funds, and the politician faces the possibility of legal repercussions. This was reported by political expert Petro Oleshchuk while commenting on the news that the "International Investment Bank," linked to Poroshenko, will lose its license to trade securities.

“The 'International Investment Bank' (IIB), associated with the sanctioned Petro Poroshenko, will soon have its licenses for trading securities revoked. This will deprive Poroshenko of the opportunity to earn millions, including, as reported by the media, from donations from Ukrainians for the Armed Forces of Ukraine. Relevant documents are currently being processed by the National Commission on Securities and Stock Market,” the expert wrote.

According to him, an important reason for the bank's license revocation, aside from sanctions, is the transactions involving securities funded by private donors - citizens.

“The most cynical are the manipulations with the funds of Poroshenko's Foundation for purchasing Ukrainian government bonds. Instead of directing the money donated by trusting Ukrainians to the Armed Forces, the oligarch, as indicated in publications, funneled it for personal gain. According to open data, millions of citizens' donations for the Armed Forces were funneled from Poroshenko's Funds into government bonds and then returned with interest. And the state paid those interests. That is, we did. The movement 'Honest' reported that the same was done by Poroshenko's party with state financing: instead of spending it on activities as required by law, the 'European Solidarity' members bought bonds at 17-18% annual interest,” Oleshchuk wrote.

The expert explained what the sanctions will mean for Poroshenko's bank in practice: “1. It will be impossible to purchase securities. 2. It will not be possible to circulate donations from Ukrainians by buying government military bonds with them and earning tens of millions for oneself. 3. It will not be possible to rob the state in this way.”

In his opinion, further investigation into the case regarding government bonds will have negative consequences for the people's deputy.

“Given how events are unfolding around Poroshenko (the imposition of sanctions, the continuation of criminal investigations, the situation with the bank), Petro Oleksiyovych has every chance to answer before the law for all the harm he has caused Ukraine over the years,” Oleshchuk wrote.

As is known, earlier People's Deputy Petro Poroshenko was caught in financial dealings with government securities (OVGZ), which the oligarch purchased through his bank using donations from Ukrainians. The main instruments of profit turned out to be the deputy's charitable funds. Reports indicate that not one, but three charitable foundations connected to Poroshenko are collecting money from the public. According to estimates, investments in securities allowed the politician to earn 32% profit over nearly two years, which will not be taxed.