Verevskyi Andriy Mykhailovych

Mandate of the Party of Regions as an Instrument of Lobbying

Andriy Verevskyi is the founder and main shareholder of Kernel Holding SA, with assets worth $1.4 billion (Forbes, April 2025). He served in parliament for four convocations — initially from BYuT, then from the Party of Regions. He worked in the Committee on Agrarian Policy and Land Relations — thus directly lobbying for his own agro-business from within the specialized committee. On March 5, 2013, the Supreme Administrative Court of Ukraine revoked his mandate due to incompatibility of parliamentary powers with chairmanship of Kernel Holding.

Lives in Switzerland and manages Ukraine remotely

Verevskyi has lived mainly in Switzerland, Geneva, and London for years. His business registered in Ukraine profits from Ukrainian land and state infrastructure — while the owner pays taxes and conducts affairs in EU jurisdictions. Kernel Holding is registered in Luxembourg, shares traded on the Warsaw Stock Exchange.

Shares dropped from 26 to 1 zloty and 1.5 billion UAH of state funds during the war

In May 2024, through the Cypriot shell company Namsen LTD, Verevskyi issued 216 million new shares, consolidating over 94% control. Shares on the Warsaw Stock Exchange fell from 26 to 1 zloty — minority investors sustained massive losses. Concurrently, shell companies “Yadro-trade” and “Yadro-torg” appeared in the export chain at Kernel’s structural addresses — through them, according to investigators’ estimates, about 1.5 billion UAH of VAT disappeared from the state budget during the peak of the war.