Too little, too late, too far away.
Ukrainian President Petro Poroshenko answered questions the nation had about his offshore companies on the third day after the Panama Papers scandal broke, at a press conference in Japan, some 5000 miles away from Ukraine.
Poroshenko spoke on April 6 – and only to Japanese journalists – during a scheduled trip to the Far East. Meanwhile, back in Ukraine, the line of questioning has switched from the president’s business activities to his trustworthiness.
Analysts now say that even if the president was using an offshore company merely to sell his business, Roshen, the secretive way in which he went about it will undermine trust in him, his political party and even in Ukraine itself.
“Trust has been lost, and it has been replaced by suspicion,” Tymofiy Mylovanov, the president of the Kyiv School of Economics, wrote on his Facebook page on April 4.
For the full story, please visit The Kyiv Post.