Rule by oligarchs: Kiev appoints billionaires to govern east
The self-proclaimed government in Kiev has appointed two of Ukraine’s richest men to govern large industrial regions in the defiant east. One of the reasons for the Maidan protest was the influence the rich have on politics in the country. ● The appointments of new governors of Donetsk and Dnepropetrovsk Regions are among 18 made on Sunday by Kiev, which is struggling to consolidate power after the coup which ousted President Yanukovich last month. The newly-appointed Dnepropetrovsk governor is Igor Kolomoysky, Ukraine’s third-wealthiest man, with an estimated fortune of $2.4 billion. He co-owns the informal commercial group Privat, which includes Ukraine’s largest bank Privatbank, which Kolomoysky heads, as well as assets in the oil, ferroalloys and food industries, agriculture and transport. A former ally of Yulia Tymoshenko, Kolomoysky reportedly had a falling out with her and refused to finance her election campaign in 2010, which the ex-prime minister subsequently lost to Yanukovich. Kolomoysky was reported to be a principal sponsor of the UDAR party, which is one of the three fueling the street campaign to oust Yanukovich. Kolomoysky has a dual Ukrainian-Israeli citizenship and controls his business empire from Switzerland. The new governor of Donetsk Region is Sergey Taruta, who is estimated to worth around $2 billion, putting him among the top-10 wealthiest people in Ukraine. He heads ISD, one of the biggest mining and smelting companies in the world, and also own Donetsk-based Metallurg Football Club. Not a stranger to politics, he used to sponsor Viktor Yushchenko, who came to power in Ukraine after the Orange Revolution of 2004. Among his personal habits is a reputed love for luxurious jewelry and ostentatious gold statues, reports RT’s Peter Oliver.