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Mar 1, 2014

The day Ukraine’s ‘Maidan’ lost control

KIEV, Ukraine (Reuters) – A World War Two movie set in Crimea was playing on a giant screen in Kiev’s Independence Square on Saturday when a politician stepped on the stage to break the shocking news.

Yuri Lutsenko, a former interior minister who had gone over to the protesters’ side to topple their country’s leader, said events in Ukraine had now moved beyond their control.

Feb 28, 2014

Ukraine leader’s son ran major business empire

KIEV, Feb 28 (Reuters) – On a street in ousted President
Yanukovich’s political stronghold, Donetsk, stands the imposing
headquarters of the Mako Group, a Ukrainian
banking-to-construction conglomerate.

The 20-storey block is modern but built in the decorated
style of the Stalin era and contains a hotel, restaurant, bank,
and Mako’s unmarked offices – all, according to residents,
belonging to Yanukovich’s eldest son Oleksander, 40.

Feb 26, 2014

Ukraine to seek international help to trace Yanukovich accounts, assets

KIEV, Feb 26 (Reuters) – Ukraine will urgently contact
international organisations with an official request to help
trace bank accounts and assets controlled by ousted President
Yanukovich and his allies, the acting prosecutor general said on
Wednesday.

Accusing Yanukovich and his aides of stealing “not millions
but billions” of dollars, Oleh Makhnytsky announced he had
ordered police and intelligence agencies to draw up a list of
foreign accounts held by Yanukovich’s aides and their
connections.

May 15, 2013

Insight: Bank documents portray Cyprus as Russia’s favorite haven

NICOSIA (Reuters) – When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring money from the country’s two main banks were Russians and East Europeans.

At least 3.6 billion euros ($4.67 billion) was removed in two weeks by big depositors, according to the documents. Though many companies listed initially appear obscure, a Reuters analysis shows a significant proportion are vehicles for foreign investors more at home in Moscow or Kiev than Nicosia.

May 15, 2013

Bank documents portray Cyprus as Russia’s favourite haven

NICOSIA, May 15 (Reuters) – When the Cyprus bank run began
earlier this year, Russians set much of the pace. Documents seen
by Reuters show that as the Mediterranean island headed towards
financial meltdown in March, most notable among companies
transferring money from the country’s two main banks were
Russians and East Europeans.

At least 3.6 billion euros ($4.67 billion) was removed in
two weeks by big depositors, according to the documents. Though
many companies listed initially appear obscure, a Reuters
analysis shows a significant proportion are vehicles for foreign
investors more at home in Moscow or Kiev than Nicosia.