Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Ukrainian court bans party led by Putin ally Medvedchuk

Published 20/06/2022, 15:48
Updated 20/06/2022, 15:50
© Reuters. FILE PHOTO: Pro-Russian Ukrainian politician Viktor Medvedchuk is seen in handcuffs while being detained by security forces in unknown location in Ukraine, in this handout picture released April 12, 2022. Press service of State Security Service of Ukraine

By Natalia Zinets

KYIV (Reuters) - A Ukrainian court has banned a pro-Russian party led by a close ally of Russian President Vladimir Putin, the justice ministry said on Monday.

It said the court in the western city of Lviv had decided to transfer to the state all property, funds and other assets held by the "Opposition Platform - For Life" party led by Viktor Medvedchuk, a wealthy businessman accused of treason.

The ministry acted under a law passed last month by parliament that enabled it to go to court to seek a ban on parties whose activities are deemed a threat to Ukraine.

Ukraine's national security and defence council had recommended that this definition applied to Medvedchuk's party, the second largest in parliament.

"The court banned the activities of the Opposition Platform - For Life political party. The corresponding claim of the ministry of justice was satisfied by the Eighth Administrative Court of Appeal," the ministry said on Facebook (NASDAQ:META).

The party opposed a decision by parliament to recognise Russia as a state aggressor following Moscow's annexation of the Crimea region in 2014, and supported Russia-backed separatists in eastern Ukraine. Its lawmakers have favoured a return to the Kremlin's patronage over integration with Europe.

Medvedchuk faces up to 15 years in jail if convicted of treason and violating the laws and customs of war. Ukraine's State Bureau of Investigation has completed a pre-trial investigation into Medvedchuk and filed the case to a Kyiv court.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The investigators' report said Medvedchuk had provided the leadership of Russia with assistance in carrying out subversive activities against Ukraine, including collecting information about the location of military units.

Medvedchuk denies wrongdoing. He was detained in April, having escaped house arrest days after Russia invaded Ukraine on Feb. 24.

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.