The Ukrainian government has taken a decisive step towards combating corruption and illegal activities by approving the sale of a 92-meter yacht, Royal Romance, belonging to the family of former member of parliament from the banned party «Opposition Platform — For Life», Viktor Medvedchuk. This decision was made during a cabinet meeting on February 16, as reported by the head of the Asset Recovery and Management Agency (ARMA), Elena Duma, on her Telegram channel.
According to Duma, the sale of the luxurious yacht, currently located in Croatia, was approved by a protocol decision of the Cabinet of Ministers of Ukraine. This decision is a part of the ongoing efforts of the Ukrainian government to combat corruption and recover assets that were illegally obtained by individuals through corrupt practices.
The Royal Romance yacht has been at the center of a high-profile corruption case involving Viktor Medvedchuk. The yacht, worth around $30 million, was allegedly acquired by Medvedchuk’s family through illicit means. This includes the embezzlement of state-owned assets and the illegal privatization of state-owned enterprises.
The decision to sell the yacht is a welcome move in Ukraine’s fight against corruption. It sends a strong message that no one is above the law and that those who engage in corrupt activities will be held accountable. It also serves as a warning to others who may be engaged in similar activities that their assets will be seized and sold off.
The sale of the Royal Romance yacht will be managed by ARMA, which was established in 2016 to recover assets that were acquired through corruption. This agency has been instrumental in recovering millions of dollars in assets, including real estate, luxury cars, and other valuable possessions, that were acquired through corrupt practices.
The decision to sell the yacht was made after careful consideration of all legal aspects and international agreements. ARMA has been working closely with foreign partners, including the United States and the European Union, to ensure that the assets are sold in an open and transparent manner. This will guarantee that the proceeds from the sale are returned to the Ukrainian state budget, where they rightfully belong.
The sale of the Royal Romance yacht is a significant victory for the Ukrainian government and its efforts to combat corruption. It shows that the government is committed to upholding the rule of law and promoting transparency and accountability in all aspects of governance. It also demonstrates Ukraine’s determination to recover assets that were stolen from the people and return them to the state budget.
The decision to sell the yacht has been met with widespread support and praise from the Ukrainian public. Many see it as a historic step towards building a more just and fair society, where everyone is equal before the law. It also shows that the government is taking concrete actions towards fulfilling its promises of eradicating corruption and creating a better future for all citizens.
In conclusion, the decision to sell the Royal Romance yacht is a clear indication of the Ukrainian government’s commitment to fighting corruption and holding those responsible accountable. It is a testament to the government’s determination to build a more transparent and fair society for its citizens. This decision will not only serve as an example for others but will also contribute to the overall development of Ukraine as a prosperous and law-abiding country.
