Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Fugitive Ukraine tycoon wins, then loses, Serbian citizenship

Published 21/11/2014, 15:41
Fugitive Ukraine tycoon wins, then loses, Serbian citizenship

By Aleksandar Vasovic

BELGRADE (Reuters) - A multi-millionaire gas tycoon who is wanted by police in his native Ukraine and blacklisted by the EU was briefly granted citizenship in Serbia, only for the government on Friday to reverse a decision that risked drawing fire from the West.

The strange case of 29-year-old Serhiy Kurchenko appeared to highlight the power of connections in the Balkan country, a candidate for membership of the European Union but with close ties to Russia.

The Serbian daily Blic first reported that Kurchenko, who grew rich under Ukraine's former Russian-leaning president Viktor Yanukovich, had been granted citizenship in Serbia, usually a long and complex procedure that takes years except under special circumstances.

A government official, speaking to Reuters on condition of anonymity, confirmed the government had approved his request, "in line with its right to do so under certain circumstances", only for it to be revoked on Friday on the orders of Prime Minister Aleksandar Vucic.

"The decision was taken, but the procedure was never completed," the official said, refusing to discuss who approved the request or why.

Kurchenko, who was close to Yanukovich before the president was overthrown in February and who is believed to hold Russian citizenship, is wanted in Ukraine on suspicion of stealing state property.

In March, as Russia moved to annex Ukraine's Crimea peninsula, Kurchenko was placed on a European Union sanctions list, a move he said at the time was the result of a "misunderstanding".

The Blic report said Serbia's Energy Ministry had proposed the government accept Kurchenko's citizenship application, as a "foreigner temporarily working in Serbia". Kurchenko's whereabouts are not known since Ukrainian media reports said he left the country in February.

An official at the Energy Ministry, which is controlled by Vucic's coalition partners in the Socialist Party, denied the ministry was involved.

(Writing by Matt Robinson; Editing by Alison Williams)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.