Ukraine's Zelenski Announces New Business Support Bodies Amid Outcry Over Banker's Arrest

Ukrainian President's Response to Banker's Arrest

Ukrainian President Volodymyr Zelenski has responded to the outrage sparked by the arrest of a prominent banker by announcing the establishment of two new entities aimed at assisting businesses in the midst of the country's conflict with Russia.

Establishment of All-Ukraine Economic Platform

In his latest address, Zelenski revealed the creation of the All-Ukraine Economic Platform, which is intended to provide support for entrepreneurs facing challenges as a result of the ongoing invasion.

Council for the Support of Entrepreneurship

This announcement follows the formation of the Council for the Support of Entrepreneurship earlier in the week, as part of the government's efforts to bolster the economy and address legal issues affecting businesses.

Zelenski emphasized that the new platform will serve as a crucial communication channel with the entire business community, expressing gratitude to those entrepreneurs who remain committed to the country and continue to sustain their enterprises and jobs. The decision to establish these entities came after a meeting with business leaders, prompted by the controversial arrest of banker Ihor Mazepa.

Focus on Adapting Criminal Code Provisions

The Council for the Support of Entrepreneurship was created based on a resolution by the National Security and Defence Council, signaling a focus on adapting criminal code provisions related to the arrest and prosecution of business figures.

The specific case that triggered this response involved allegations against Mazepa for his involvement in an unlawful land acquisition near Kyiv for the construction of luxury housing. Although Mazepa has been released on reduced bail, he has expressed his intent to appeal the court decision and has claimed that the case against him is a result of his criticism of law enforcement bodies.

Supporting Entrepreneurship Amid Challenges

Mazepa's company, Concorde Capital, has been operating in Ukraine for roughly two decades, and his detention has also impacted his brother and other company officials. With these developments, Zelenski aims to address the concerns raised by the business community and demonstrate the government's commitment to supporting entrepreneurship in the face of ongoing challenges.

The impact and effectiveness of these new bodies will undoubtedly be closely monitored as Ukraine navigates the complexities of its economic and political landscape.