Shadow Businesses of Petro Poroshenko in Russia

Besides the confectionary in Lipetsk, Petro Poroshenko has grain and starch businesses in Russia.

Following the example of his close friend Oleh Svynarchuk-Hladkovsky, Petro Poroshenko resold those businesses to his own offshore companies. He keeps on crediting them in quiet thereby financing the Russian Federation and for the last 4 years he’s not managed to put his mind and tell us about it.

But we’re going to help him with it.

By the way, Petro Poroshenko’s Russian business is rather small and this fact does emphasize the greed of its owner who is not ready to part even with these petty assets of his own that are located behind enemy lines.

There is a company in Russia called LLC Krohmaloprodukty that is engaged in flour and starch production. The company is relatively small, although in 2015 it made almost 700 000 USD based on open-source data. It is located in Lipetsk sharing the same Dovatorov Street with LLC Roshen. The confectionary is located at 3 Dovatorov Street and LLC Krohmaloprodukty can be found at 12 Dovatorov Street.

Till 2014 the official owner of the company was the Ukrainian enterprise called LLC Ukrprominvest-Agro whose ultimate beneficiary was Petro O. Poroshenko through the Close-End Non-Diversified Corporate Investment Fund ‘Prime Asset Capital’. That information was included in his declaration.

In its turn, LLC Krohmaloprodukty (Russia) founded another company called LLC Luckygrain. The company was engaged in growing grain in that same Lipetsk region. So these two enterprises created something sort of an agrarian tandem.

Open the document in a new window.

Before 2014 Petro Poroshenko owned grain and milling businesses in Russia and was never embarrassed of that. However, after Viktor Yanukovych’s escape to Russia and the initiated aggression from the side of this country everything changed completely. Yet, whether driven by fear of the prospect that Volodymyr Putin would seize his Russian assets or understanding that he was going to head Ukraine as its President and the Russian assets would be just toxic and troublesome for him, Petro Poroshenko decided to sell Russian LLC Krohmaloprodukty to an offshore company with the name Chartomena LTD 2 weeks after the date set for early presidential elections in Ukraine in 2014.

There is a document as of March 7, 2014 confirming the following:

CHARTOMENA LIMITED owned by MOREWIG LIMITED, Great Britain decided

- to buy 99.87% of shares of LLC Krohmaloprodukty from Ukrprominvest-Agro Company at maximum 75.300.000 RUB (seventy five million three hundred thousand roubles)

- to hold Andri Atanasiu, Director of CHARTOMENA LIMITED, liable for granting Nataliya Kazakova with the authority to sign the contract of sale.

Opent the document in a new window.

Here is the power of attorney to sign the contract of sale granted by CHARTOMENA LIMITED to Mrs. Kazakova.

Open the document in a new window.

There is one more interesting detail about the whole situation: the person with the same surname heads LLC Roshen in Russia and his name is Oleh Kazakov. Isn’t he the husband of Nataliya?

There is one more interesting detail about the whole situation: the person with the same surname heads LLC Roshen in Russia and his name is Oleh Kazakov. Isn’t he the husband of Nataliya? There is one more interesting detail about the whole situation: the person with the same surname heads LLC Roshen in Russia and his name is Oleh Kazakov. Isn’t he the husband of Nataliya?

After such a chain of events LLC Krohmaloprodukty was sold to CHARTOMENA LIMITED, Cyprus. Since July 7, 2014 Ukraine’s President ceased to be its sole owner and beneficiary having handed it over to his offshore company located in Cyprus. To confirm this fact I’ve got a supporting certificate from the company signed by its Director Ivan. V. Khoroshaylo.

Open the document in a new window.

And there’s the most interesting part: I think that the sale was fictitious in itself and it was done to the only purpose of hiding Poroshenko’s ownership of the company and concealing his active business in Russia from the public eye.

The first fact to support the aforesaid is as follows: the director of CHARTOMENA LIMITED is a resident of Cyprus Andri Atanasiu.

The person with a similar name heads HUDC Holding Limited. This company is well-known as a supplier of defense equipment at corrupt prices and its owner is Petro Poroshenko’s friend and partner Oleh Svynarchuk-Hladkovskyi.

Besides, Andri Atanasiu is assigned as director of at least ten more offshore companies linked to Petro Poroshenko and his team but I’ll share these details with you in my next investigation.

The second fact to support the aforesaid is as follows: MOREWIG LIMITED, Great Britain is the owner of CHARTOMENA LIMITE.

Open the document in a new window.

The ultimate beneficiary of MOREWIG LIMITED is Petro Poroshenko’s childhood friend and partner Serhiy Zaytsev, Minority Owner of LLC TSEKK and Deputy Director General of ROSHEN Corporation. To conform this there is an extract upon the request of Raiffeisen Bank, Austria.

Open the document in a new window.

​ The rest of the situation seems even stranger and even more interesting thereby. It turned out that the purchaser of LLC Krohmaloprodukty that is CHARTOMENA LIMITED, Cyprus had been the creditor of LLC Luckygrain, Russia owned by LLC Krohmaloprodukty since 2013. In 2013 Luckygrain received 6 500,000.00 USD as a loan from the Cypriot offshore at a rate of 6.6% per annum.

Open the document in a new window.

So, after the purchase of LLC Krohmaloprodukty in 2014 for almost 1.5mln USD CHARTOMENA LIMITED decided to let LLC Luckygrain get away with 277,023.20 USD of unpaid interest upon the given out loan.  

So, after the purchase of LLC Krohmaloprodukty in 2014 for almost 1.5mln USD CHARTOMENA LIMITED decided to let LLC Luckygrain get away with 277,023.20 USD of unpaid interest upon the given out loan.So, after the purchase of LLC Krohmaloprodukty in 2014 for almost 1.5mln USD CHARTOMENA LIMITED decided to let LLC Luckygrain get away with 277,023.20 USD of unpaid interest upon the given out loan.So, after the purchase of LLC Krohmaloprodukty in 2014 for almost 1.5mln USD CHARTOMENA LIMITED decided to let LLC Luckygrain get away with 277,023.20 USD of unpaid interest upon the given out loan.

Moreover, on January 1, 2016 CHARTOMENA LIMITED changed the interest rate for the loan given to LLC Luckygrain in 2013 to 0%.

Open the document in a new window.

All of those actions looked like an attempt to keep the company afloat in difficult times. But if the asset was that unreliable, why did CHARTOMENA LIMITED buy it for 1.5mln USD? The answer is self-evident: the deal was fraudulent. Moreover, based on the aforementioned facts it became obvious that CHARTOMENA LIMITED, Cyprus that bought LLC Krohmaloprodukty was directly related to the people it bought the company from that is Petro Poroshenko.

The deal was stroke in order to hide the direct relation of Petro O. Poroshenko to the agrarian business in Russia. However, the factual state of affairs remained the same but just continued its operation under a new guise. The interesting thing is that according to the Russian register LLC Krohmaloprodukty is owned by the figurehead director CHARTOMENA LIMITED and resident of Lipetsk Ivan V. Khoroshaylo and not by CHARTOMENA LIMITED itself.

Open the document in a new window.

By the way, sorting the whole story out, I realized that CHARTOMENA LIMITED doesn’t look like another offshore of another oligarch among a hundred of other similar offshore companies. This Cypriot company is one of the key elements of the shadow empire of Petro Poroshenko and his partners. Loans for tens of millions US dollars are given out to Ukrainian companies of the Guarantor by exactly CHARTOMENA LIMITED.

This very company is engaged in buying unpaid debts upon assets of Petro Poroshenko and his friends that they owe to state banks. Moreover, this company is the key element of the scheme for tax minimization and cashing out of funds from Ukraine by the whole empire of Petro Poroshenko.

CHARTOMENA LIMITED is going to be in the focus of my next investigation and you’ll get to know a lot of facts that Petro Poroshenko and his partners would like to keep secret but they are not fated to :) So guys, check out my publications.

P.S. I’m just curious if Ukrprominvest-AGRO paid taxes upon the sale of that asset to the budget of Ukraine or they just forgot to do that following the example of Borys Lozhkin’s sale of UMH Group to Serhiy Kurchenko?

alex's picture
Aleksandr Dubinsky

Related Materials

Comments