Back
Automatically translated version. May contain inaccuracies compared to the original.
63,7 million for grain on paper — Solskyi, billions of debt and redistribution of agricultural assets
Former Minister of Agrarian Policy Mykola Solskyi has found himself at the center of an investigation into alleged grain fraud for 63,7 million UAH, while agricultural entities connected to him have accumulated billions in debt and begun changing owners. On 14 October 2026 ARMA announced it was preparing a tender for the management of seized property of Volytsia-Agro LLC, including a grain elevator with a capacity of 60 thousand tons. Creditors are claiming more than 2 billion UAH, the group’s land bank is estimated at 25 thousand hectares, and some assets were re-registered shortly before the former minister’s arrest, Viktoryvach reports
Volytsia-Agro LLC (EDRPOU 41027144) was registered in 2016 with capital of 1,51 million UAH. All 100% belong to Yuzhno-Kyivskyi Agroholding LLC (EDRPOU 44642433). The beneficiary is Oleksii Olenchenko, who from 2009 worked at the law firm “Solskyi, Protsyk and Partners”; the director of Volytsia is Oleksandr Prokopets. According to the investigation materials, both told investigators that the actual owner of the business was Solskyi, while Olenchenko acted as the nominal owner. Through related companies they controlled about 6 thousand ha in Kyiv region, 12–13 thousand in Rivne region, and 6–7 thousand in Kirovohrad region
In criminal case No. 12026240000000136 the investigation is examining the sale of 7000 tons of corn to PVKF Podillia-Agroprodukt (EDRPOU 30528422) from the orbit of Epicenter Agro. A contract dated 28 January 2026 provided for a delivery valued at 63 700 350 UAH. The buyer was issued warehouse receipt No. 791 series BV No. 481698 and storage documents, but the corn was not shipped. According to investigators, the warehouse documents were not supported by actual product availability, and the total volume of documented grain exceeded the elevator’s technical capacity. On 27 March Prosecutor General Ruslan Kravchenko named Solskyi the alleged organizer of the scheme. The ex-minister was placed in custody with bail of 63,7 million UAH, later reduced to 49,92 million UAH. Prokopets received nightly house arrest
The financial claims against the group are far larger than the grain episode. Kernel financed planting for about 14,5 million dollars, LNZ Group — 8 million dollars. ADM filed claims of about 500 million UAH, Louis Dreyfus — 54 million UAH, and also reported the loss of thousands of tons of corn. Creditors include Cargill, MHP, Halytska Grain Company and contractors with debts exceeding 20 million UAH. Volytsia-Agro’s revenue for 2025 reached 2,63 billion UAH, liabilities — 2,81 billion UAH according to the company’s reporting, while journalists estimated the total debt higher. For 18 companies involving Olenchenko, liabilities amounted to 5,19 billion UAH
While creditor claims were mounting, agricultural assets began changing owners. On 11 March 2026 Volytsia Alder Holding LLC (EDRPOU 43836731) passed from Olenchenko to Yevhen Korolov, linked to Golden Agro owner Anatolii Detochka. The Kirovohrad cluster included farms Imeni Vatutina, Pobeda, Myr, Vys and Imeni Artamonova. The Sorio Trade cooperative (EDRPOU 45896415), previously headed by Prokopets, was re-registered to Rostyslav Danylchenko. In Rivne region Rovno Agro Invest came under the control of LNZ Group, Marketservice — to Oleksandr Kuznetsov, AK Polissia — to Vitalii Abramov. In the former structure of several enterprises until 2023 a lawyer Andrii Dovbenko, acquainted with Solskyi and former Head of the Presidential Office Bohdan, was listed
Volytsia-Agro’s bankruptcy is being considered in case No. 910/2882/26. The petitioner is Ukragroprotect LLC (EDRPOU 40428872) from LNZ Group. Bankruptcy trustee Nazarii Adamchuk reported obstruction of the inventory and is reviewing transactions from the three years preceding bankruptcy for possible asset stripping. At the same time Sense Bank has secured claims of about 400 million UAH: the elevator, land plots and equipment are mortgaged with a combined assessed value of about 260 million UAH, the elevator itself is valued at 132,5 million UAH. When the collateral is realized, the bank has priority over unsecured creditors who did not get their grain back. ARMA’s tender for management of the elevator does not resolve this debt contradiction
Incredible, but true...
Telegram publication
