Alleged embezzlement plot shakes Ukraine
Fox News senior foreign affairs correspondent Greg Palkot reports on politicians and partners of Ukrainian President Volodymyr Zelenskyy allegedly participating in an energy corruption scandal on ‘Special Report.’
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Ukrainian President Volodymyr Zelenskyy announced new efforts to “clean up” the nation’s energy sector amid a corruption scandal and near-constant attacks from Russia.
Zelenskyy met with Ukrainian Prime Minister Yulia Svyrydenko on Sunday morning, saying he called on lawmakers to revamp the leadership at the State Nuclear Regulatory Inspectorate and the State Energy Supervision Inspectorate, in addition to other efforts to expunge Russian influence in the sector.
“In full coordination with law enforcement and anti-corruption bodies, ensure the renewal of the Asset Recovery and Management Agency and to promptly complete the competition for the position of Head of ARMA so that the new Head of the Agency can be selected by the end of this year,” Zelenskyy wrote on X.
He further called on lawmakers to “promptly conduct an audit and prepare for sale the assets and shares in assets that belonged to Russian entities and to collaborators who fled to Russia. All such assets must operate one hundred percent in Ukraine’s interests – to support our defense and to contribute to Ukraine’s budget.”
TRUMP ADMINISTRATION STAYS SILENT AS MASSIVE UKRAINE CORRUPTION SCANDAL ROCKS ZELENSKYY’S INNER CIRCLE
Volodymyr Zelenskiy, Ukraine’s president, is pushing new efforts to end corruption in the country’s energy sector. (Chris J. Ratcliffe/Bloomberg via Getty Images)
The new energy initiative also comes after a former associate of Zelenskyy’s was accused of being the mastermind behind a $100 million embezzlement scheme involving nuclear energy.
Tymur Mindich, who was once Zelenskyy’s business partner, was identified by Ukraine’s anti-corruption watchdogs as being the orchestrator of a scheme involving top officials and Ukraine’s state nuclear power company. Prior to the scandal, some feared Mindich’s growing influence over Ukraine’s lucrative industries that he had access to because of his ties to Zelenskyy.
Mindich allegedly exerted control over loyalists who then pressured contractors for Energoatom, Ukraine’s state-owned nuclear power company, demanding kickbacks to bypass bureaucratic obstacles. The requested kickbacks were reportedly as high as 15%.
Zelenskyy himself was not implicated in the investigation.
FORMER ZELENSKYY ASSOCIATE ACCUSED IN $100 MILLION EMBEZZLEMENT SCHEME
Ukrainian MPs vote for a bill stripping anti-corruption institutions of their independence on July 22, 2025, in Kyiv, Ukraine. Parliament moved to curtail the autonomy of the National Anti-Corruption Bureau and the Specialized Anti-Corruption Prosecutor’s Office. (Andrii Nesterenko/Global Images Ukraine via Getty Images)
The new effort comes as Zelenskyy says that his team is “working to ensure another start to negotiations” on ending the war with Russia.
“We are also counting on the resumption of POW exchanges – many meetings, negotiations, and calls are currently taking place to ensure this. I thank everyone who is helping. Thank you to everybody who stands with Ukraine,” Zelenskyy wrote.
Zelenskyy is fending off the fallout from a corruption scandal in the energy sector.
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Ukraine’s president further said that he is preparing for a full week of diplomacy with Greece, France and Spain, as well as renewed negotiations over prisoner of war exchanges with Russia.
Zelenskyy will meet with officials in Greece on Sunday to discuss natural gas imports, while talks with France on Monday and Spain on Tuesday will center on bolstering Ukrainian air defenses.
Fox News’ Rachel Wolf contributed to this report.
