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 Yanukovych's Son is Going to Buy Mines for 1 Hryvnia Each

Business Group owned by Oleksandr Yanukovych has acquired almost 7 billion dollars in government tenders in coal field in less than a year taking the lead among its competitors.

ZN.UA cites tender and state purchase expert Oleksandr Shalaiskii: "The coal map of Ukraine is changing rapidly. There used to be tens of coal generals (who acquired state funds) and marshal Akhmetov (the owner of the most productive mines). And now the first place is taken by a new powerful player - the President's elder son Oleksandr. And his rank will be clear next year. There is a suspicion that he will try on the field-marshal's straps".

Particularly, in the tender market of mining equipment for state miners you can see ten active companies united by the Family brand (Presidential Family).

"The future of the sphere is clear. The above mentioned winners of state mine tenders have received contracts for 6.9 billion dollars in less than a year. During the past couple of weeks these companies have been winning 80-90% of all mining tenders. And there is privatization ahead for which a set of companies with "investment" names is prepared", writes Shalaiskii.

"Donbass Financial Analysis Center (DFAC) is doing surprisingly great with tenders. In 9 months of the current year they sold over 6 billion dollars in commodities to state mines. For comparison look at other financial groups: Ivanyuschenko - 2 billion, Efremov - 1.4 billion, Akhmetov - 1.2 billion. And their share is rapidly decreasing", says the article

The situation with coal is also not bad: in just a year and a half the DFAC sold 1.5 billion hryvnias of black gold and its satellites made another couple of hundred million on enriching coal.

"The more the better: the President's elder son aims at privatizing the mines at the price of 1 hryvnia. The process will commence after the elections to make sure that the voters are not discouraged", writes the expert.

 
 
 
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