December 7, 2021

Beyond Going Long

Complete UK News World

The sale of former Ukrainian President Petro Poroshenko

The sale of former Ukrainian President Petro Poroshenko

Former Ukrainian President Petro Poroshenko sold two TV stations, Comply with the oligarchy’s law, which limits their influence, prevents them from supporting political parties, participate in privatization and forcing them to disclose their income.

In a video posted on the website of his European Solidarity Party, Poroshenko said he was forced to sell the station and accused his successor to the presidency, Volodymyr Zelensky, of seeking to restrict freedom of expression.

“The main reason they passed this law is total control of the media,” said Poroshenko, a billionaire widely seen as one of the main contenders in Ukraine’s presidential election in 2024.

As a political newcomer in 2019, Zelensky defeated Poroshenko smoothly on promises to reduce the power of tycoons who had wielded influence over government, businesses, and the media for decades, slowing the country’s development.

Ukrainian activists claim that the emperors use their – in many cases, loser – media platforms to attack opponents and promote their actions and political agenda.

On November 5, Zelensky signed a new law providing a definition of oligarchy based on several criteria, including wealth in the tens of millions of dollars, monopolistic control of industry, media ownership, and political activity.

Those who meet these criteria will be barred from financing political parties or participating in privatization.

“There is no way to break the oligarchy system. Without this, it is simply impossible to overcome poverty in Ukraine and fully join the European community,” said Zelensky. (rferl, pleased)