Censor.NET informs referring to a Wall Street Journal editorial.
As reported, among the millions of papers leaked from the Panamanian law firm of Mossack Fonseca, documents show that Ukrainian President Petro Poroshenko in 2014 established an offshore holding company in the British Virgin Islands, while company's accounts never held more than €2,000 ($2,278).
The WSJ reminds that Poroshenko made millions as a confectioner before being elected, and his lawyers in Kyiv say they created the accounts to sell and transfer his businesses into a blind trust.
As noted, news of Poroshenko's connection to Mossack Fonseca comes as he is under pressure for failing to reform the judiciary or tackle graft, so the political reaction has been swift. Therefore, the policy response was instantaneous. The country's chapter of Transparency International is calling for more and better disclosure from the president, and the scandal could accelerate a government reshuffle. There have also been calls in the Parliament for his impeachment.
Meanwile, Kremlin media are making hay of the story, and Vladimir Putin would like nothing more than for this episode to sow doubts in the West over whether a free Ukraine is worth defending.
"But exposing corruption is a sure ticket to jail - or the morgue - in Putin's Russia. That Ukrainians can openly ask questions about their leader's finances shows how their politics have changed, and why the solution to corruption is more democracy, not less," the article concludes.
Related materials: Panama offshore scandal