Archive · 13 Nov 2025
Zelensky Sanctions Ally Over $100 Million Graft Scheme
The leader of Ukraine, President Zelensky, is taking action against a former friend and business partner, Timur Mindich.
Mindich is accused of being the main person behind a big problem where about $100 million was stolen from the country's energy business.
The energy business has already been hurt by attacks.
Because of this accusation, President Zelensky has put special rules on Mindich.
These rules stop Mindich from using his money and take away any special awards he received.
This happened after the president asked two other important people in his government to leave their jobs.
They were also connected to this big money issue.
Ukrainian President Volodymyr Zelensky has ordered sanctions on former business associate Timur Mindich amidst a major corruption scandal.
The sanctions include freezing assets, revoking state awards, and imposing travel and business restrictions on Mindich and another businessman, Oleksandr Tsukermann.
Mindich is accused by investigators of masterminding a plot involving $100 million siphoned off from the energy sector.
The move follows Zelensky's dismissal of two ministers over issues in the energy sector.
The scandal occurs while Ukraine's energy sector is already under strain from Russian attacks.
- Who
- Ukrainian President Volodymyr Zelensky has ordered sanctions on former business associate Timur Mindich and Oleksandr Tsukermann.
- What
- Zelensky ordered personal special economic sanctions, including asset freezes and revocation of state awards, against Mindich and Tsukermann in connection with a $100 million corruption scandal in the energy sector.
- When
- Thursday, November 13th, following the firing of two ministers on Wednesday.
- Where
- Kyiv, Ukraine, involving the energy sector.
- Why
- Mindich is accused of masterminding a plot where $100 million was siphoned off from the energy sector, and the ministers were asked to resign due to their implication in the scheme.
Government Actions
Scandal Details
Sanctions on Mindich
Government Actions
President Zelensky has ordered personal special economic sanctions on his former business associate Timur Mindich, freezing his assets, revoking state awards, and imposing travel and business restrictions.
Scandal Details
Mindich, a 46-year-old businessman with close ties to Zelensky, is accused by investigators of masterminding a plot involving $100 million siphoned off from the energy sector.
Related Firings
Government Actions
Zelensky asked two ministers to resign the day before ordering sanctions on Mindich, distancing himself from allies implicated in the scheme.
Scandal Details
The $100 million scheme involved funds from the energy sector, which has been battered by Russian attacks.
- Sanctioned Figure
- Timur Mindich, former business partner of President Zelensky
- Alleged Scheme
- Mindich accused of masterminding a $100 million corruption scheme in the energy sector.
- Sanctions Imposed
- Personal special economic sanctions, asset freeze, revocation of state awards, travel and business restrictions.
- Related Actions
- Two ministers asked to resign.
- Context
- Ukraine's energy sector battered by Russian attacks; nation exhausted by war.
