Automatically translated version. May contain inaccuracies compared to the original.
According to Our Money, former head of the State Agency for Investments and Management of National Projects Vladyslav Kaskiv continues to influence decision-making at the State Institute for Investment Projects. In particular, he holds meetings there. This is reported in a feature by Alisa Yurchenko.
The current leadership of the State Institute for Investment Projects did not refute or confirm this information. “I don’t comment on rumors. I will be comfortable talking about practical matters related to my work,” said Kyrylo Bondar, first deputy head of the State Institute for Investment Projects, in an interview with Our Money on the ZIK channel.
As a reminder, Vladyslav Kaskiv resigned from the State Institute for Investment Projects in March 2014 year, after the change of government. Now the department is led by his “right hand” at the institute, former first deputy and comrade – Serhiy Yevtushenko.
Recently it turned out that the main funds of the State Institute for Investment Projects during Kaskiv’s tenure were routed through the State Investment Company. This became known thanks to court decisions published in the Unified State Register of Court Decisions. They certify that during 2012–2014 years the State Investment Company issued loans to the so-called “investors” for at least two national projects totaling almost 260 million UAH at 3,75% annual interest.
Among the recipients of loans from the State Investment Company are LLC “Borzhava Resort” and LLC “Trade House “Borisfen.” “Borzhava Resort” until recently was an investor in the national project “Olympic Hope – 2022.” The firm was to invest $26 million in a ski resort in the Carpathians. Instead, it received a loan from DIC in the amount of 165 million UAH. LLC “Trade House “Borisfen” is an investor in the national project “Quality Water.” This firm promised to invest in consumer water sales $17 million. But instead it borrowed 95 million UAH from the state enterprise.
“Borzhava Resort” is directly connected to people close to Kaskiv, as journalists from the online project Our Money and Forbes Ukraine have shown. The firm was previously controlled by Vladyslav Kaskiv’s second cousin Alexander Matkovsky.
As Our Money. ZIK journalists found out, “Trade House Borisfen” is also not alien to Kaskiv. In 2012 the founder of “Borisfen” became 20-year-old Andriy Stelmakh. Together with “Borzhava Resort” he co-founded “Profit Consulting Group” – another enterprise in Kaskiv’s orbit. “Profit” and “Borzhava…” gathered land for building a ski resort as part of the national project “Olympic Hope.”
As Kirill Bondar told Our Money. ZIK, currently both national projects – “Olympic Hope – 2022” and “Quality Water” – are suspended. The State Institute for Investment Projects has prioritized only four national projects out of fifteen in its portfolio. Among them are “LNG-Ukraine,” “Air Express,” “TechnoPolis,” and “Revived Cattle Breeding.”
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