GORO Mountain Resort: an investment project or an offshore scheme?

The owner of the OKKO gas station chain, Vitaliy Antonov, is building the GORO Mountain Resort tourist resort in the Lviv region with state support, which allows him to avoid the tax burden. The Cabinet of Ministers of Yulia Svyrydenko has approved a list of goods for Slavsky LLC worth over 46 million euros that can be imported without import duties and VAT for the construction of the resort.

The idea for the resort arose even before the full-scale invasion of the Russian Federation. In the summer of 2025, the Cabinet of Ministers, the Slavsk Village Council, and Slavsky LLC signed a special investment agreement that provides for state aid. Among the goods that can be imported tax-free are cranes, snow generators, heating systems, and other equipment for the resort.

The Law on State Support for Investment Projects provides for aid for projects worth 12 million euros or more, but Antonov’s company, Slavsky LLC, is owned by the Cypriot Goro Mountain Resort Limited, and Antonov himself has Swiss residency. This calls into question the company’s compliance with the law, and the future resort’s profits will likely settle abroad, not in Ukraine.

Antonov obtained a significant amount of land for the construction of the resort through a scheme in which Ukrainian citizens registered land plots for themselves and then almost simultaneously sold them to Slavsky LLC. According to court documents, this scheme may have involved deputies and former officials of the Slavsky village council, including the brother of Antonov’s business partner. The investigation into the land fraud is ongoing, but the materials are closed to public access.

Despite this, the media continues to actively promote GORO Mountain Resort as a "project of hope" with environmental programs and new tourism infrastructure. In June 2025, Prime Minister Yulia Svyrydenko stated that the project would provide UAH 7.3 billion in revenues to budgets of all levels over 15 years, but did not mention the offshore management and the likely absence of most of the profits in Ukraine.

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