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Vitaliy Khomutynnik

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Vitaliy Khomutynnik
Born (1976-08-04) August 4, 1976 (age 47)
Makiivka, Ukrainian SSR, Soviet Union
(now Ukraine)
NationalityUkrainian
OccupationOligarch
Children2

Vitaliy Yuriyovych Khomutynnik (Ukrainian: Віта́лій Ю́рійович Хомути́ннік, born 4 August 1976)[1] is a Ukrainian oligarch.[2] He is a former head of the Renaissance Party, a pro-Russia political party.[3][4]

From 2002 until 2019 he was a member of the Verkhovna Rada (Ukrainian Parliament). During his tenure, Khomutynnik has been accused of evading taxes and corruption.[5][6] In 2017, Die Zeit described him as a "corrupt politician".[7]

Early life and education

Born on August 4, 1976 in Makiivka, Donetsk region. He graduated from the Donetsk State Academy of Management in the field of finance and credit. Second higher education received at the Yaroslav of the Wise National Law Academy of Ukraine.[1]

Career

Business career

Khomutynnik started his first business, a private company Cascade in 1993. Since then, by developing and investing into fast-growing spheres of Ukrainian economy, a private company was transformed into operating now as Cascade Investment Fund.[8] The primary focus of Cascade Investment Fund is investment in the agricultural sector, finance, gas extraction and real estate business in Ukraine. Also has office in London.[9] Today, in the investment fund portfolio not only private equity companies but also shareholdings in public companies, such as biggest Ukrainian agricultural holding Kernel Holding or gas extraction company JKX Oil & Gas.[10]

Khomutynnik is a business partner along with Pavel Fuks in a Ukrainian gas company called Ukrnaftoburinnya, usually associated with Ihor Kolomoyskyi.[11][12] In 2017, Ukrnaftoburinnya's volumes of production were around 390 million cubic meters of natural gas.[11] Khomutynnik owns shares in Ukrnaftoburinnya through a Cypriot-domiciled company, Deripon Commercial.[13]

In 2019, Khomutynnik acquired a stake in Dmitry Firtash's Dresdenco Investments, after an approval by Antimonopoly Committee of Ukraine.[14] Khomutynnik being a business partner of oligarch Dmitry Firtash, who is wanted by the US federal government.[15]

Khomutynnik is also the owner of an insurance company, Brokbusiness.[16]

Political career

Khomutynnik was elected to the Parliament for the first time by majority district in his native city Makiivka (Donetsk Region) in 2002.[3] During his early career, he founded the youth wing of Party of Regions (PR) and later handed its control to Viktor Viktorovych Yanukovych.[3] Later, he was elected to the Verkhovna Rada (Ukrainian Parliament) in 2002, 2006, 2007, and 2012.[1] During this time, he was a head of Committee on Taxation and Customs Policy and head of Committee on Financial Policy and Banking and controlled taxation and VAT refunds.[17][18][3]

In 2012, he was elected for the Party of Regions, as number 23 of its party list.[19]

In 2014, Khomutynnik was elected to the 8th Ukrainian Verkhovna Rada in the Ukrainian parliamentary election by winning a majority district in Kharkiv.[19] This time as an independent candidate,[19] he was elected in Kharkiv's Frunzensky District with 30.34% of the votes, Inna Chuiko of People's Front placed second with 23.27% of the votes.[20] In 2014, he was considered as the wealthiest and youngest MP and was a close associate of Viktor Yanukovych.[21] During his time as a member of parliament, Khomutynnik created a pressure group with around ten MPs, termed as "Khomutynnik group" in Wilson Center report, that was created to support Ihor Kolomoyskyi in the parliament.[11] He was one of the MPs who voted for dictatorial laws on January 16, 2014.[3]

In 2017, Khomutynnik and his accompanied Russian-Ukrainian oligarch Pavel Fuks, known as his business partner, in the United States, in an attempt to attend inaugural events.[22][23]

In the 2019 Ukrainian parliamentary election Khomutynnik lost his parliamentary seat.[19][24] He was a candidate of Opposition Bloc (he was placed number 11 on their national election list).[19]

In October 2019 he was elected president and chairman of the board of the Ukrainian Golf Federation.[25]

Wealth

Khomutynnik is the owner of a Cyprus-domiciled offshore company, Cacique Limited, that operates subsidiary companies in Ukraine, including Nyva LLC, Agrosvit PAE, PE Chervonyans`ki agrarian investments, PE Koropski agrarian investments, PE Sosnyts`ki agrarni investytsii, and PE Zasullya-5.[26] Another Cyprus-domiciled offshore company, Deripon Commercial, is owned by him in equal parts with Ihor Kolomoisky, that owns PJSC Ukrnaftoburinnia, a gas field in Ukraine.[13]

Khomutynnik acquired a luxury yacht, Apostrophe, from Moran Yacht & Ship company in 2014 for $24 million.[3][7] The yacht is registered in the Cayman Islands.[3]

According to the annual ratings of Forbes Ukraine and Focus Ukraine magazines, Khomutynnik is included in the top 20 richest people in Ukraine.[9] In April 2019, the magazine Focus estimated his wealth at $470 million.[27]

Personal life

He and his wife, Svetlana, have a son and a daughter.[1][3]

References

  1. ^ a b c d "Виталий Хомутынник: фото, биография, досье". Archived from the original on 2019-06-17. Retrieved 2018-12-25.
  2. ^ Multiple sources:
  3. ^ a b c d e f g h "Висхідна зірка української олігархії | Новое Время". June 17, 2019. Archived from the original on June 17, 2019. Retrieved November 21, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  4. ^ "Партія «Відродження»". May 3, 2021. Archived from the original on May 3, 2021. Retrieved November 21, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  5. ^ Kucheriava, Natalia (August 17, 2017). "MP Khomutynnik refutes PGO accusations of tax evasion - Aug. 17, 2017". Kyiv Post. Archived from the original on February 6, 2018. Retrieved October 31, 2022.
  6. ^ Haring, Melinda (December 11, 2017). "Old Ukraine Declares War on New Ukraine". Archived from the original on October 31, 2022. Retrieved October 31, 2022.
  7. ^ a b "Ukraine: Corruption Inc". Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  8. ^ "MP Khomutynnik is beneficiary of 40 companies, earns UAH 166 mln". Interfax-Ukraine. Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  9. ^ a b "Виталий Хомутынник - ФОКУС". focus.ua. 8 April 2017. Archived from the original on 2018-11-16. Retrieved 2019-04-25.
  10. ^ Istomina, Toma (November 16, 2018). "Harvest Of Cash: Big agroholdings use political clout to reap sweet subsidies from Ukraine's taxpayers - Nov. 16, 2018". Kyiv Post. Archived from the original on January 23, 2022. Retrieved October 31, 2022.
  11. ^ a b c "The future of Ukrainian Oligarchs" (PDF). Archived (PDF) from the original on 2022-11-21. Retrieved 2022-11-21.
  12. ^ "MP Khomutynnik jointly with Kolomoisky is co-owner of Ukrnaftoburinnia". Interfax-Ukraine. Archived from the original on 2022-11-21. Retrieved 2022-11-21.
  13. ^ a b "Companies affiliated with Kolomoisky, Khomutynnik, Yaroslavsky could buy Odesa port-side plant". Interfax-Ukraine. Archived from the original on 2022-11-21. Retrieved 2022-11-21.
  14. ^ "Хомутынник купит крупнейшего торговца удобрениями Фирташа - СМИ". www.unian.net.
  15. ^ "Хід конем". Retrieved 2023-02-17.
  16. ^ "ПРИВАТНЕ АКЦІОНЕРНЕ ТОВАРИСТВО "СТРАХОВА КОМПАНІЯ "БРОКБІЗНЕС"". September 21, 2020. Archived from the original on September 21, 2020. Retrieved November 21, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  17. ^ "Bad Meat, Big Money". www.occrp.org. Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  18. ^ "News 2 - The Chairman of the Committee on Taxation and Customs Policy Vitaliy Khomutynnik met with the World Bank director in Ukraine, Belarus and Moldova Chimyao Fan - Verkhovna Rada of Ukraine". Archived from the original on 2022-11-21. Retrieved 2022-11-21.
  19. ^ a b c d e "Електоральна пам'ять". ukr.vote. Archived from the original on 2021-06-25. Retrieved 2021-06-25.
  20. ^ "Електоральна пам'ять". ukr.vote. Archived from the original on 2021-06-25. Retrieved 2021-06-25.
  21. ^ "How did the Ukrainian oligarchy keep going after Euromaidan?". Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  22. ^ Vogel, Kenneth P.; Shane, Scott; Mazzetti, Mark; Mendel, Iuliia (11 January 2019). "Prosecutors Examining Ukrainians Who Flocked to Trump Inaugration". The New York Times. Archived from the original on 2019-01-12. Retrieved 2022-11-21.
  23. ^ "Pavel Fuks, Disgraced Giuliani Associate, Sanctioned by Kyiv". September 13, 2021. Archived from the original on November 21, 2022. Retrieved November 21, 2022.
  24. ^ "Они не прошли. Топ-25 известных политиков и знаменитостей, не попавших в Раду". Archived from the original on 2020-12-20. Retrieved 2019-08-27.
  25. ^ "Federation Board". Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  26. ^ "Land Matrix". landmatrix.org. Archived from the original on 2022-10-31. Retrieved 2022-10-31.
  27. ^ "Журнал Фокус в 12-й раз назвал имена самых богатых украинцев". ФОКУС. 12 April 2019. Archived from the original on 2019-04-13. Retrieved 2019-04-25.

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