From tariffs to apartments: how Ukrainians' money ends up in Boyko's pockets

Yuriy Boyko and his entourage have been building schemes in the energy and real estate sectors for years that allow them to withdraw millions of dollars from Ukraine. New companies that appeared on the market only a year ago are already reaching billion-dollar turnovers and receiving government contracts - and all of them are somehow connected to Boyko's business group.

Although on paper the owners are often cultural figures, documents, connections, and partners demonstrate that the former leader of the OPZH is behind this business.

Contracts worth hundreds of millions

In 2024, El-Energo received a contract from Dniprovodokanal for almost UAH 900 million. In the tender, it was helped by Tolk Ukraine, run by Volodymyr Krupko, a longtime partner of Boyko, who previously headed Volynoblenergo and earned hundreds of millions at Electrotrading Group.

Today, it is ETG that supplies most of the resources to El-Energo, and the owners of these companies are directly connected to Boyko's team.

"Housing fund" for money laundering

But energy is only part of the scheme. Through the Hunter fund, Boyko laundered money for years, buying up at least 1,107 apartments for over $70 million. Only after public publicity was the case brought to the URDR, although the fund had been operating for decades and remained "invisible" to the tax authorities, the SBU, the BEB, and even the NABU.

In fact, it was a large-scale money laundering scheme by a politician who still retains his mandate in the Verkhovna Rada.

Ukrainians are paying more and more for electricity, and the money from this business is ending up in the pockets of politicians with a pro-Russian past. Boyko, who gave an interview to Russian propagandist Solovyov at the beginning of the full-scale war, now controls millions in flows in the energy and real estate sectors.

Involving famous people from the cultural sphere in the schemes only creates a "smokescreen" that hides old corrupt practices that continue to operate in the shadows.

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