One of the most influential Kremlin agents in Ukraine is Viktor Medvedchuk, who is heading the pro-Russian political party "Opposition platform For Life". Viktor Medvedchuk has family ties to Vladimir Putin and is executing the will of Russian president in Ukraine.

Viktor Medvedchuk controls at least 3 national Ukrainian TV channels, which he uses to spread disinformation and anti-West playbook across the country, particularly targeting the population of Eastern-Southern Ukraine. The TV channels like "112 Channel", "News One", "Zik" are promoting pro-Russian propaganda, blackmailing independent anticorruption institutions, attacking constantly civil society activists and reformers in government, blaming IMF and the West for alleged attempts to govern Ukraine. These messages are broadly reinforced by 1+1 TV channel, beneficially owned by oligarch Igor Kolomoyskyi. Through his wife Oksana Marchenko Mr. Medvedchuk controls at least 6% shares in 1+1 TV Channel. Viktor Medvedchuk is also using the troll factories in social media to boost his anti-Western rhetoric.

Viktor Medvedchuk generates significant profits from his oil business with Russia, from which he funds these TV channels, as well as his pro-Russian political party "Opposition Platform For Live" and NGO " Ukrainian Choice".

While Viktor Medvedchuk pushes for the anti-EU and anti-West narratives in Ukraine he uses more than 50 companies in EU member states and 2 UK companies. He abuses Western shell companies to extract Russian oil and sell it to the West bypassing the US sanctions. Specifically, Viktor Medvedchuk through his wife Oksana Marchenko controls 44 companies in Cyprus, 5 companies in Bulgaria, 1 company in Malta. Viktor Medvedchuk destructive anti-Western influence in Ukraine would be impossible without funding from Russian oil business, which would have been impossible without relying on the EU and the UK registered companies.
Sale of Russian oil to the US company through the chain of EU shell corporations
On March 6, 2014 the US imposed sanctions on Viktor Medvedchuk.
In March 2016, Viktor Medvechuk transferred all ownership rights of his business entities to his wife Oksana Marchenko. Among such entities there is a chain of companies registered in Cyprus, Malta, United Kingdom, Russia, and Ukraine. On September 18, 2018 Viktor Medvedchuk in his comment to Radio Free Europe told: "My wife is not doing business, she is owning business, while I am managing it. Why I can not own business? Because my "beloved" americans imposed sanctions on me in March 2014. This caused peculiarities to business, which now belongs to my family". This comment followed the journalistic investigation "Oil for Putin's Crony" released by Schemes investigative reporting project on September 6, 2018.

Oksana Marchenko had a long career as a TV show presenter. Specifically, in 2009-2014 she was presenter of "Ukraine has a talent" TV show at STB channel, in 2010-2016 she worked as presenter of "X-factor" TV project, since December 2017 she became host and team leader of reality show "Time to build" at Inter TV channel. Thus, Oksana Marchenko does not have professional skills to run and/or control complex business chains, including those engaged in extraction of oil in Russia.

On July 20, 2017 Oksana Marchenko has become a sole shareholder of Cyprus company Tumillon Investments LTD, which through another Cyprus company Ventolor Holding LTD controls 50,1% of shares in Russian legal entity NZNP Trade LLC since August 16, 2016 .

On June 03, 2015 NZNP Trade LLC became a winner at the state competition for the right to extract oil at Gavrykivske oil field at Khanty-Mansiysk district in Russia. Gavrykivske field is one of largest oil fields in the district having reserves of about 40 mln tons of oil. NZNP Trade LLC paid 6,692,000,000 Rubles for the extraction right, which was just 2 millions higher than the expected price of the auction.

The competition procedure contained a strange discriminatory clause, requiring the potential winner to process the extracted oil from Gavrykivske field at the Russian oil processing factories located in Rostov district. Rostov district is located on the South- West of Russia, which is about 2,500 kilometres away from Gavrykivskse field, located at North-East of Russian Siberia. The only company in Russia which was eligible to win the competition became NZNP Trade LLC, which owned Novoshakhtinsk Oil Processing Factory, the only oil processing factory in Rostov district.

Novoshakhtinsk Oil processing Factory is located in Novoshakhtinsk, 18 kilometres away from Ukrainian territories occupied by Russia (so-called Donetsk People's Republic and Lugansk People's Republic - DNR/LNR). Experts in Russia and Ukraine suggest that oil products from Novoshakhtinsk factory might be illegally sold to the occupied territories.

RN-Uvatneftegaz, a subsidiary of Rosneft, Russian state-owned company giant managed by Igor Sechin, a close ally of Vladimir Putin, first contested the competition because of the discriminatory requirements, however, strangely, later withdrew its claim.

NZNP Trade LLC started active exploration and extraction works at Gavrykivske field in late 2017, right after the ownership structure of the company changed, and Oksana Marchenko became shareholder of Cyprus company Tumillon Investments LTD.

Oksana Marchenko through the chain of companies also became a controller of TD NZNP LLC, a sister company of NZNP Trade LLC operating in Rostov district. TD NZNP LLC is licensed for trading oil products. It is a 100% subsidiary of another Russian company Yug Energo LLC. Since December 25, 2017, 60% shares of Yug Energo LLC belong to Cyprus company Ventolor Investments LTD, which is wholly owned by Cyprus Ventolor Holding LTD mentioned above in section 4.
Here is the visualization of corporate structure of key assets of Viktor Medvedchuk.
In August 2019, Viktor Medvedchuk became the Member of Parliament of Ukraine representing the pro-Russia party "Opposition Platform for Life". In compliance with Ukrainian legislation on assets disclosure, in May 2020 Medvedchuk submitted electronic asset declaration for 2019, where among other assets were indicated millions in cash and in bank accounts, almost 20 land plots, collections of paintings and icons, dozens of antique books. The declaration also revealed that Oksana Marchenko is the beneficial owner of almost one hundred companies registered in different parts of the world, namely in Ukraine, Russia, Cyprus and Bulgaria as well as in offshore jurisdictions like Malta, the Marshall Islands and St. Kitts and Nevis.

According to Viktor Medvedchuk's asset declaration, Oksana Marchenko is the ultimate beneficial owner of Novoshakhtinsk Oil Refinery JSC. The journalists report that during 2020 the oil products (like aromatic petroleum oil) produced by Novoshakhtinsk Oil Refinery JSC were supplied to ExxonMobil Sales&Supply LLC, which is a subsidiary of the American corporation ExxonMobil. The goods were delivered directly from the Black Sea neutral waters to the port of Houston.

According to the available customs data, in the period of January-April 2020 alone, six tankers (Kalahari, Artemis, NS Captain, Patmos Warrior, Clio, and Nordorchid) delivered to Houston at least 443,000 tons of oil products of Novoshakhtinsk Oil Refinery JSC. The oil products were loaded in the Black Sea neutral waters from three tankers (Sanar-7, Sanar-8, and Boray), the tankers are owned by the Russian company Rosewood Shipping LLC, which is beneficially owned by Oksana Marchenko.

ExxonMobil Sales&Supply LLC purchased the oil products from Swiss company Newcoal Trading AG. Beneficial owners of the latter are not publicly disclosed. However, according to journalists it is widely believed that Swiss company is linked to the family of Gleb Khor, a member of the Russian State Duma for the "United Russia" party through company Rutek holding.

Journalists estimate that oil products produced by Novoshakhtinsk Oil Refinery JSC constitute one third of all oil exported by Russian companies to the U.S. from November 2019 to June 2020. Estimated income received by Viktor Medvedchuk for these operations is $150 mln.
Questionable assets
Viktor Medvedchuk declared receiving significant income in 2019 from companies, where Oksana Marchenko is indicated as a beneficial owner, specifically:
1
4,768,967 UAH
(approx. $180,000)

Investment Company "Harmony" LLC, Ukraine
salary (apparently it was official place of work of Viktor Medvedchuk before he entered parliament in August 2019)
2
21,942,076 UAH
(approx. $848,000)

VENTOLOR HOLDING LIMITED, Cyprus
payment according to service contract
3
33,417,861 UAH
(approx. $1,292,000)

VENTOLOR HOLDING LIMITED, Cyprus
declared bonuses, however it is unclear what kind of bonuses Medvedchuk received from the company as he didn't work there
4
258,665,375 UAH (approx. $10,008,000)

TUMILLON INVESTMENTS LTD, Cyprus
dividends paid to Oksana Marchenko. Tumillon Investments Ltd and Ventolor Holding Limited are 2 Cyprus parent companies for the Russian oil business of Viktor Medvedchuk, specifically Novoshakhtinsk Oil Processing Refinery Company mentioned above.
60,128,904 UAH (approx. $2,325,000)
Total income Viktor Medvedchuk received from Harmony and Ventolor in 2019
1,719,885 UAH
(approx. $66,500)
The total income he declared from all other sources including his official salary as a member of parliament is 34 times less
Viktor Medvedchuk owns significant assets outside Ukraine through his network of offshore companies. Those assets have not been disclosed in his official asset declaration. Among others they include yacht Royal Romance with estimated value of 200 million EUR (owned through Fregata Marine Ltd registered at Marshall Islands), real estate in Bulgaria with estimated value of 20 million EUR, 6-thousand-square-meter estate in the occupied Crimea.
3 776 768 UAH
(approx. $146,000)
Viktor Medvedhuck declared direct spending on his NGO " Ukrainski Vybir" in 2019
2 301 600 UAH
(approx. $89,000)
Viktor Medvedhuck declared direct spending on his political party Opposition Platform "Za Zhyttia" in 2019
NGO " Ukrainian Choice" as well as the political party political party Opposition Platform "Za Zhyttia" are advocating for federalization of Ukraine, opposing the course of Ukraine towards integration with the European Union and NATO, blackmail pro- Western and pro-reform Ukrainian politicians and civil society activists, advocate for Ukraine getting under full geopolitical control and influence of Russia, targeting to harm Ukrainian cooperation with the IMF and the World Bank.

There is a high likelihood that income Viktor Medvedchuk generates from selling Russian oil to the American market through the chain of Western shell companies nominally owned by his wife is directly contributing to the destructive anti-EU and anti-Western activities of NGO "Ukrainski Vybir" and political party "Opposition Platform "Za Zhyttia".
TV Channels controlled by Viktor Medvedchuk
InfoWatch project of UkraineWorld independent media conducts regular analysis of anti-West narratives in Ukraine. Among the most actively spread anti-West messages are the following:

  • "GEORGE SOROS HAS NUMEROUS SERVANTS IN UKRAINE, THE SO-CALLED "SOROSIATA"

  • "UKRAINE IS UNDER EXTERNAL GOVERNANCE"

  • "UKRAINIAN LAND WILL BE SOLD OFF"

  • "THE IMF HAS ENSLAVED UKRAINE"

  • "THE U.S. CURATES UKRAINIAN MEDIA, ACTIVISTS AND POLITICIANS"
All of these anti-West messages are spread broadly by Viktor Medvedchuk controlled media assets, specifically NewsOne, ZikTV, 112 Channel and 1+1 Channel.

Ironically, Viktor Medvedchuk and his proxy Taras Kozak receive significant income from Western companies, specifically Cyprus based.
There is strong evidence that this Western generated income is being reinvested into heavy anti-Western propaganda in Ukraine.
NewsOne TV channel is broadcasted by "Novyny "24 Hodyny" (24 Hours News) LLC, which is owned by the Cyprus-based company Turul Investments Limited. According to Cyprus corporate registry the sole beneficial owner of this company is Taras Kozak - an MP from political party "Opposition Platform "Za Zhyttia '' and close ally of Viktor Medvedchuk.

Taras Kozak`s brother Bohdan jointly with Viktor Medvedchuk brother Serhiy own a number of companies in Ukraine, specifically: Eksponent LLC, Kerambud LLC, and Ukrinvestlimited LLC. Additionally, Taras Kozak is a deputy head of NGO "Tsentr Pravova Derzhava", headed by Viktor Medvedchuk. There are strong reasons to believe that Taras Kozak is Viktor Medvedhuk's proxy and trusted person.

Zik TV channel is broadcasted by Teleradiocompaniya "Novi Telecomynicatsii" LLC, which is owned by Pro Radio LLC. The latter is also owned by Cyprus Turul Investment limited.

Taras Kozak declared receiving in 2019 income of 237 445 075 UAH (approx $8, 3 mln) dividends from Cyprus Turul Investment Limited. Taras Kozak is one of the key sponsors of political party "Opposition Platform Za Zhyttia".

–°hannel 112 Ukraine is broadcasted by Teleradiocompaniya 112-TV LLC. This company is owned by "Ariadna TV" LLC , which is directly owned by Taras Kozak from December 2018.

Shares in 1+1 TV Channel

In May 2020 Viktor Medvedchuk submitted his annual asset declaration where he mentioned that Oksana Marchenko is a beneficial owner of Bolvik Ventures LTD registered in BVI. Bolvik Ventures LTD controls 33% of Cyprus-based Caddoa Limited. The latter owns 22,5% in Ukrainian TRK "Studiya 1+1" which broadcasts 1+1 Channel. The beneficial owner of TRK "Studiya 1+1" is Igor Kolomoyskyi.

According to information in the media, Bolvik Ventures LTD is owned by Oksana Marchenko, Leonid Ashkenazi who is a Vice-President of FC Dynamo and Igor Surkis.

However, 1+1 Channel submitted information that Bolvik Ventures LTD is fully controlled by Igor Surkis. These changes can be done in order to remove the evidence of connections between Surkis and Kolomoyskyi and receive 350 mln USD from Privat Bank by Surkis family.
Declared companies
Companies, declared by Viktor Medvedchuk is his asset declaration as "beneficially owned" by Oksana Marchenko.
Republic of Cyprus
  • BERECYNTHIO INVESTMENTS LTDINTERMAY MANAGEMENT LTD
  • TOMINERSA INVESTMENTS
  • LENDRINO COMMERCIAL LIMITED
  • BENTIANO INVESTMENTS LTD
  • INTORIAN ENTERPRISES LTD
  • MILOSER INVESTMENTS LTD
  • SALTENIO HOLDINGS LTD
  • LERONZOR TRADING LTD
  • STAPRELA HOLDINGS LTD
  • BREVISA HOLDINGS LTD
  • GERTIZ VENTURES LTD
  • RUBRUM COMMERCIAL
  • PERMERIS INVESTMENTS LIMITED
  • DYNALOM ENTERPRISES LIMITED
  • MIOSARIA COMMERCIAL LTD
  • ZOCATINI ENTERPRISES LTD
  • GENRETO COMMERCIAL LIMITED
  • VICTOREX LIMITED
  • DORMOON TRADING LIMITED
  • KERELIO COMMERCIAL LIMITED
  • VARDCOM TRADING LIMITED
  • MARGAROZA COMMERCIAL LIMITED
  • LEX PERFECTA LIMITED
  • CRASCODA HOLDINGS LIMITED
  • VISTORMIA HOLDINGS LTD
  • GAZARO LTD
  • LEDISALIO HOLDINGS LTD
  • BOUNDRYCO LTD
  • TUMILLON INVESTMENTS LTD
  • ORMELON DEVELOPMENT LTD
  • WALLTRON LIMITED
  • SOLTEX LIMITED
  • MATRIMAX LIMITED
  • TAPESTA LIMITED
  • BROSTA ENTERPRISES LIMITED
  • THESPESIO INVESTMENTS LTD
  • SOURCAL DEVELOPMENT LTD
  • VENTOLOR HOLDING LIMITED
  • VENTOLOR INVESTMENTS LIMITED
  • CHERIVO DEVELOPMENT LTD
  • FELIANES ENTERPRISES LTD
  • PROTOGEMS INVESTMENTS LIMITED
  • SUNFOL COMMERCIAL LIMITED
  • KIRENA HOLDINGS LTD
United Kingdom
  • LARIDGE INVESTMENTS LIMITED
  • INTERMAY MANAGEMENT LTD

Bulgaria
  • ANAPTIKSIS DEVELOPMENT EOOD
  • ESKAFEAS CONSTRUCTIONS EOOD
  • POLITIMI GI PROPERTIES
  • PERFECT LAND PROPERTIES EOOD
  • CHR. ATHANASIOU CONSTRUCTIONS & DEVELOPMENTS
Malta
  • SUNOR LTD
British Virgin Islands
  • NASENTIA INVESTMENTS LTD
  • MELBON INVESTMENTS LTD
  • LAROMA VENTURES LTD
  • BOLVIK VENTURES LTD
  • CRIMARE INVESTMENTS LTD
  • ATTOLAM VENTURES LTD
  • SELDON VENTURES LTD
  • GEIORA MANAGEMENT LTD
  • Salaminia Commercial Limited
  • CELKORIVIA VENTURES LTD
  • BAIKEENS INVESTMENTS LTD
United Arab Emirates
  • FOILS OVERSEAS LTD
Ukraine
  • Limited Liability Company "Investment Company "Harmony"
  • Private agricultural enterprise "Oscar"
  • Private enterprise "Galychyna-Organik"
  • Private Agricultural Enterprise KOLOS
  • LLC Landras-Agro
  • OKSANA MARCHENKO CHARITABLE FOUNDATION CHARITABLE ORGANIZATION
  • Private enterprise "Omega-tv"
  • Limited Liability Company "Investment company "Sport-Tour"
  • Limited Liability Company "mbk agrotehnika"
  • Limited Liability Company "Investment Company "Ukrcapital"
  • Limited Liability Company "Scientific and Production Firm "Geophysics-21"
  • Limited Liability Company "Forpostinvest"
  • LLC Geophysics-777
  • Limited Liability Company "Investment company "Terra-Invest"
  • UKRAINIAN INVESTMENT AND CONSTRUCTION COMPANY UKRSPORTBUDINVEST LIMITED LIABILITY COMPANY
Russian Federation (occupied Republic of Crimea)
  • LIMITED LIABILITY COMPANY TAVRIA-INVEST
  • FIRM UKRSNAB LIMITED LIABILITY COMPANY
  • RENAISSANCE Joint-stock company
  • SOUTH ENERGY LIMITED LIABILITY COMPANY
  • Novoshakhtink Oil Refinery JOINT STOCK COMPANY
  • ROSWOOD SHIPPING LIMITED LIABILITY COMPANY
  • TAVRIYA-NORTH INVESTMENT COMPANY LIMITED LIABILITY COMPANY
  • NRNP TRADE LIMITED LIABILITY COMPANY
  • INVESTMENT PROPOSALS JOINT STOCK COMPANY
  • TREND OPTIMA LIMITED LIABILITY COMPANY
  • NRNP TRADING HOUSE LIMITED LIABILITY COMPANY
  • THE BASICS OF INVESTMENT JOINT STOCK COMPANY
Republic of the Marshall Islands
  • FREGATA MARINE
Kits and Nevis
  • FOILS OVERSEAS LTD
  • TRUSTCORE OVERSEAS LTD
Belize
  • BILLCAST HOLDINGS
  • PERPLEX INVESTMENTS LTD
Aruba
  • AQUILA AVIATION A.V.V.
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