Petro Poroshenko

Early life and education

Petro Poroshenko was born on 26 September 1965, into an ethnic Ukrainian family in Bolhrad, a primarily Bulgarian town in Ukraine's southwestern Odesa Oblast. Poroshenko's father, Oleksiy Poroshenko (1936–2020), was born in the village of Safiany near Izmail, which at the time belonged to Romania, and worked as an engineer and later a government official who managed multiple factories in the Ukrainian SSR. According to Poroshenko, his father's family stemmed from the Danube Cossacks. Little is known about his mother, Yevhenia Serhiyivna Hryhorchuk (1937–2004), but a Ukrainian newspaper said she was an accountant, who taught at a vocational and technical school of accounting. Poroshenko spent his childhood and youth in Tighina (Moldavian Soviet Socialist Republic, now known as Bender and under de facto control of the unrecognized breakaway state Transnistria), where his father Oleksii was heading a machine building plant and where he learned Romanian.

In his youth, Poroshenko practiced judo and sambo, and was a Candidate for Master of Sport of the USSR. Despite good grades, he was not awarded the normal gold medal at graduation, and on his report card he was given a "C" for his behavior. After getting into a fight with four Soviet Army cadets at the military commissariat, he was sent to army service in the distant Kazakh Soviet Socialist Republic.

In 1989, Poroshenko graduated, having begun studying in 1982, with a degree in economics from the international relations and law department (subsequently the Institute of International Relations) at the Kyiv University. At this university he was friends with Mikheil Saakashvili, whom he would appoint as Governor of the Odesa Oblast (region) in May 2015, and who is a former president of Georgia.

In 1984, Poroshenko married a medical student, Maryna Perevedentseva (born 1962). Their first son, Oleksiy, was born in 1985 (his three other children were born in 2000 and 2001).

From 1989 to 1992, Poroshenko was an assistant at the university's international economic relations department. While still a student, he founded a legal advisory firm mediating the negotiation of contracts in foreign trade, and then he undertook the negotiations himself, starting to supply cocoa beans to the Soviet chocolate industry in 1991. At the same time, he was deputy director of the 'Republic' Union of Small Businesses and Entrepreneurs, and the CEO of "Exchange House Ukraine".

Business career

In 1993, Poroshenko, together with his father Oleksii and colleagues from the Road Traffic Institute in Kyiv, created the UkrPromInvest Ukrainian Industry and Investment Company, which specialized in the confectionery and automotive industries (as well as in other agricultural processing later on). Poroshenko was director-general of the company from its founding until 1998, when in connection with his entry into parliament he handed the title over to his father, while retaining the title of honorary president.

Between 1996 and 1998, UkrPromInvest acquired control over several state-owned confectionery enterprises, which were combined into the Roshen group in 1996, creating the largest confectionery manufacturing operation in Ukraine. His business success in this industry earned him the nickname "Chocolate King". Poroshenko's business empire also includes several car and bus factories, Kuznia na Rybalskomu shipyard, the 5 Kanal television channel, as well as other businesses in Ukraine.

Although not the most prominent in the list of his business holdings, the assets that drew much recent media attention, and often controversy, are the confectionery factory in Lipetsk, Russia, that became controversial due to the Russo-Ukrainian war, the Sevastopol Marine Plant (Sevmorzavod) that has been confiscated after the 2014 Russian forcible annexation of Crimea and the media outlet 5 kanal, particularly because of Poroshenko's repeated refusal to sell an influential media asset following his accession to presidency.

According to Poroshenko (and Rothschild Wealth Management & Trust) since becoming President of Ukraine he has relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.

Billionaires lists rankings

In March 2012, Forbes placed him on the Forbes list of billionaires at 1,153rd place, with US$1 billion. As of May 2015, Poroshenko's net worth was about US$720 million (Bloomberg estimate), losing 25 percent of his wealth because of Russia's ban of Roshen products and the state of the Ukrainian economy.

According to the annual ranking of the richest people in Ukraine, published in October 2015 by the Ukrainian journal Novoye Vremya and conducted jointly with Dragon Capital, a leading investment company in Ukraine, president Poroshenko was found to be the only one from the top ten list whose asset value grew since the previous year's ranking. The estimate of his assets was set at US$979 million, a 20% growth, and his ranking increased from 9th to 6th wealthiest person in Ukraine. The article observed that Poroshenko remained one of the only two European leaders who owned a business empire of such scale, with Silvio Berlusconi of Italy being the other.

A total of €450 million is kept in an Amsterdam-based company registered in Cyprus, as a result of which his effective tax rate is 5% rather than the statutory tax rate of 18% in Ukraine. The company is probably to be worth much more, as the annual accounts published by the Dutch Chamber of Commerce only contain the book value of the shares, which is very likely to be lower than the market value. After his election, Poroshenko lost the billionaire status as his net worth dropped by 40% to reach $705 million.

Following the 2014 elections, Poroshenko sold his stake in Roshen. The Kyiv Post reported that Makar Paseniuk, managing director of Investment Capital Ukraine, was hired by Poroshenko to act as his personal advisor and oversee the sale of the company.

Associated businesses

A number of businesses were once part of the Ukrprominvest which Poroshenko headed in 1993–1998. The investment group was dissolved in April 2012. Poroshenko has stated that upon beginning his political activity he passed on his holdings to a trust fund.

Bogdan group (Poroshenko sold his share in 2009 due to the collapse of its production after the 2008 financial crisis), centered in Cherkasy

Roshen group

5 Kanal and Priamyi television channels (he denies property relations with Priamyi)

Kuznia na Rybalskomu shipyard in Kyiv

International Invest Bank, owned through a trust and along with Ihor Kononenko

Ukrprominvest-Agro, an agrarian holding

Zoria Podillia, an agrarian company near Haisyn, specializing in sugar production from sugar beets

Podillia

MAS-Agro

Ahrofirma "Dniproahrolan"

Ahrofirma "Ivankivtsi"

Sevastopol Shipyard (lost in 2015 due to a corporate raid by the Russian occupational authorities in Crimea)

Early political career

Poroshenko first won a seat in the Verkhovna Rada (the Ukrainian Parliament) in 1998 for the 12th single-mandate constituency. He was initially a member of the United Social Democratic Party of Ukraine (SDPU), the party led by Viktor Medvedchuk and loyal to president Leonid Kuchma at the time. Poroshenko left SDPU(o) in 2000 to create an independent left-of-center faction and then a party, naming it Party of Ukraine's Solidarity (PSU). In 2001 Poroshenko was instrumental in creating the Party of Regions, also loyal to Kuchma; the Party of Ukraine's Solidarity having merged into the Party of Regions, Poroshenko launched a new party with a similar name, the party "Solidarity".

Secretary of the National Security and Defense Council

In December 2001, Poroshenko broke ranks with Kuchma supporters to become campaign chief of Viktor Yushchenko's Our Ukraine Bloc opposition faction. After parliamentary elections in March 2002 in which Our Ukraine won the biggest share of the popular vote and Poroshenko won a seat in parliament, Poroshenko served as head of the parliamentary budget committee, where he was accused of "misplacing ₴47 million" (US$8.9 million). As a consequence of Poroshenko's Our Ukraine Bloc membership tax inspectors launched an attack on his business. Despite great difficulties, UkrPromInvest managed to survive until Yushchenko became President of Ukraine in 2005.

Poroshenko was considered a close confidant of Yushchenko, who is the godfather of Poroshenko's daughters. Poroshenko was probably the wealthiest oligarch among Yushchenko supporters, and was often named as one of the main financial backers of Our Ukraine and the Orange Revolution. After Yushchenko won the presidential elections in 2004, Poroshenko was appointed Secretary of the National Security and Defense Council.

In September 2005, highly publicized mutual allegations of corruption erupted between Poroshenko and Prime Minister Yulia Tymoshenko involving the privatizations of state-owned firms. Poroshenko, for example, was accused of defending the interests of Viktor Pinchuk, who had acquired state firm Nikopol Ferroalloy for $80 million, independently valued at $1 billion.

In response to the allegations, Yushchenko dismissed his entire cabinet of ministers, including Poroshenko and Tymoshenko. State prosecutors dismissed an abuse of power investigation against Poroshenko the following month, immediately after Yushchenko dismissed Sviatoslav Piskun, General Prosecutor of Ukraine. Piskun claimed that he was sacked because he refused to institute criminal proceedings against Tymoshenko and refused to drop proceedings against Poroshenko.

In the March 2006 parliamentary election, Poroshenko was re-elected to the Ukrainian parliament with the support of Our Ukraine electoral bloc. He chaired the parliamentary Committee on Finance and Banking. Allegedly, since Poroshenko claimed the post of Chairman of the Ukrainian Parliament for himself, the Socialist Party of Ukraine chose to be part of the Alliance of National Unity because it was promised that their party leader, Oleksandr Moroz, would be elected chairman if the coalition were formed. This left Poroshenko's Our Ukraine and their ally Yulia Tymoshenko Bloc out of the Government.

Foreign Minister and Minister of Trade

Ukrainian President Yushchenko nominated Poroshenko for Foreign Minister on 7 October 2009. Poroshenko was appointed by the Verkhovna Rada (Ukraine's parliament) on 9 October 2009. On 12 October 2009, President Yushchenko re-appointed Poroshenko to the National Security and Defense Council.

Poroshenko supported Ukrainian NATO-membership, and said NATO membership should not be a goal in itself. Although Poroshenko was dismissed as foreign minister on 11 March 2010, President Viktor Yanukovych expressed hope for further cooperation with him.

In late February 2012, Poroshenko was named as the new Minister of Trade and Economic Development in the Azarov Government; on 9 March 2012, President Yanukovych stated he wanted Poroshenko to work in the government in the post of economic development and trade minister. On 23 March 2012, Poroshenko was appointed economic development and trade minister of Ukraine by Yanukovych. The same month he stepped down as head of the Council of Ukraine's National Bank.

Poroshenko claims that he became Minister of Trade and Economic Development to help bring Ukraine closer to the EU and get Yulia Tymoshenko released from prison. After he took the post, tax inspectors launched an attack on his business.

Return to parliament

Poroshenko returned to the Verkhovna Rada (parliament) after the 2012 Ukrainian parliamentary election after winning (with more than 70%) as an independent candidate in single-member district number 12 (first-past-the-post wins a parliamentary seat) located in Vinnytsia Oblast. He did not enter any faction in parliament and became member of the committee on European Integration. Poroshenko's father Oleksii did intend to take part in the elections too in single-member district number 16 (also located in Vinnytsia Oblast), but withdrew his candidacy for health reasons. In mid-February 2013, Poroshenko hinted he would run for Mayor of Kyiv in the 2013 Kyiv mayoral election.

In 2013, the registration certificate of Solidarity was cancelled because it had not participated in any election for more than 10 years. Poroshenko then launched and became leader of the National Alliance of freedom and Ukrainian patriotism "OFFENSIVE" (NASTUP), which was renamed "All-Ukrainian Union Solidarity" (BOS).

2014 Revolution of Dignity

Poroshenko actively and financially supported the Euromaidan protests between November 2013 and February 2014, leading to an upsurge in his popularity, although he did not participate in negotiations between then President Yanukovych and the Euromaidan parliamentary opposition parties Batkivshchyna, Svoboda and UDAR.

In an interview with Lally Weymouth, Poroshenko said: "From the beginning, I was one of the organizers of the Maidan. My television channel — Channel 5 — played a tremendously important role. ... At that time, Channel 5 started to broadcast, there were just 2,000 people on the Maidan. But during the night, people went by foot — seven, eight, nine, 10 kilometers — understanding this is a fight for Ukrainian freedom and democracy. In four hours, almost 30,000 people were there." The BBC reported, "Mr Poroshenko owns 5 Kanal TV, the most popular news channel in Ukraine, which showed clear pro-opposition sympathies during the months of political crisis in Kiev."

Poroshenko refused to join the Yatseniuk Government (although he introduced his colleague Volodymyr Groysman, the mayor of Vinnytsia, into it), nor did he join any of the two newly created parliamentary factions Economic Development and Sovereign European Ukraine.

On 24 April 2014, Poroshenko visited Luhansk, at the time not controlled by Ukrainian authorities. Just like previously in Crimea he was met by a blockade of hundreds of pro-Russian locals at Luhansk Airport. Poroshenko later claimed: "When I traveled to Luhansk Oblast, my car was fired at and there was an attempt to take our entire group hostage."

2014 presidential campaign

Following the 2014 Ukrainian revolution and the resulting removal of Viktor Yanukovych from the office of President of Ukraine, new presidential elections were scheduled to take place on 25 May 2014. In pre-election polls from March 2014, Poroshenko garnered the most support of all the prospective candidates, with one poll conducted by SOCIS giving him a rating of over 40%. On 29 March he stated that he would run for president; at the same time Vitali Klitschko left the presidential contest, choosing to support Poroshenko's bid.

On 2 April, Poroshenko stated, "If I am elected, I will be honest and sell the Roshen Concern." He also said in early April that the level of popular support for the idea of Ukraine's joining NATO was too small to put on the agenda "so as not to ruin the country". He also vowed not to sell his 5 Kanal television channel. On 14 April, Poroshenko publicly endorsed the campaign of Jarosław Gowin's party Poland Together of neighboring Poland in that year's elections to the European Parliament, thanking Gowin's party colleague Paweł Kowal for supporting Ukraine.

Poroshenko's election slogan was: "Live in a new way – Poroshenko!".

On 29 May, the Central Election Commission of Ukraine announced that Poroshenko had won the 25 May presidential election, with 54.7% of the votes.

During his visit in Berlin, Poroshenko stated that Russian separatists in the Donbas "don't represent anybody. We have to restore law and order and sweep the terrorists off the street." He described as "fake" the planned 11 May Donbas status referendums.

Presidency (2014–2019)

When it became clear he had won the election on election day evening (on 25 May 2014) Poroshenko announced his "first presidential trip will be to Donbas", where armed pro-Russian rebels had declared the separatist Donetsk People's Republic and Luhansk People's Republics and control part of the region. Poroshenko also vowed to continue the military operations by the Ukrainian government forces to end the armed insurgency claiming: "The anti-terrorist operation cannot and should not last two or three months. It should and will last hours."

He compared the armed pro-Russian rebels to Somali pirates. Poroshenko also called for negotiations with Russia in the presence of international intermediaries. Russia responded by saying it did not need an intermediary in its bilateral relations with Ukraine. As president-elect, Poroshenko promised to return Crimea, which was annexed by Russia in March 2014. He also vowed to hold new parliamentary elections in 2014.

Inauguration

Poroshenko was inaugurated in the Verkhovna Rada (parliament) on 7 June 2014. In his inaugural address he stressed that Ukraine would not give up Crimea and stressed the unity of Ukraine. He promised an amnesty "for those who do not have blood on their hands" to the pro-Russian separatists of the war in Donbas and to the Ukrainian nationalist groups that oppose them, but added: "Talking to gangsters and killers is not our path." He also called for early regional elections in Eastern Ukraine.

Poroshenko stated that he would sign the economic part of the Ukraine–European Union Association Agreement and that this was the first step towards full Ukrainian EU Membership. During the speech, he stated he saw "Ukrainian as the only state language" but also spoke of the "guarantees [of] the unhindered development of Russian and all the other languages". Part of the speech was in Russian.

The inauguration was attended by about 50 foreign delegations, including US Vice President Joe Biden, President of Poland Bronisław Komorowski, President of Belarus Alexander Lukashenko, President of Lithuania Dalia Grybauskaitė, President of Switzerland and the OSCE Chairman-in-Office Didier Burkhalter, President of Germany Joachim Gauck, President of Georgia Giorgi Margvelashvili, Prime Minister of Canada Stephen Harper, Prime Minister of Hungary Viktor Orbán, President of the European Council Herman Van Rompuy, the OSCE Secretary General Lamberto Zannier, UN Under-Secretary-General for Political Affairs Jeffrey Feldman, China's Minister of Culture Cai Wu and Ambassador of Russia to Ukraine Mikhail Zurabov Former Prime Minister of Ukraine Yulia Tymoshenko was also present. After the inauguration ceremony Tymoshenko said about Poroshenko, "I think Ukraine has found a very powerful additional factor of stability."

Domestic policy

At the time of his inauguration, armed pro-Russian rebels, after disputed referendums, had declared the independence of the separatist Donetsk People's Republic and Luhansk People's Republic and controlled a large part of Donbas, but were largely considered to be illegitimate by the international community. After the inauguration, Poroshenko launched a "peace" plan envisioned to garner the recognition of the presidential elections in Ukraine by Russia, consisting of a cease-fire with the separatists (named "terrorists" by Poroshenko himself) and the establishment of a humanitarian corridor for civilians ("who are not involved in the conflict"). Poroshenko warned that he had a "Plan B" if the initial peace plan was rejected.

In mid-June Poroshenko started the process of amending Ukraine's constitution to achieve Ukraine's administrative decentralization. According to Poroshenko (on 16 June 2014) this was "a key element of the peace plan". In his draft constitutional amendments of June 2014 proposed changing the administrative divisions of Ukraine, which should include regions (replacing the current oblasts), districts and "hromadas" (united territorial communities).

In these amendments he proposed that "Village, city, district and regional administrations will be able to determine the status of the Russian language and other national minority languages of Ukraine in accordance with the procedure established by the law and within the borders of their administrative and territorial units". He proposed that Ukrainian remained the only state language of Ukraine.

Poroshenko proposed to create the post of presidential representatives who would supervise the enforcement of the Ukrainian constitution and laws and the observation of human rights and freedoms in oblasts and raions/raions of cities. In case of an "emergency situation or martial law regime" they will "guide and organize" in the territories they are stationed in. Batkivshchyna, a key coalition partner in the Yatseniuk Government, came out against the plan.

He repeatedly spoke out against federalization, and did not seek to increase his presidential powers.

The 1 July 2015 decentralization draft law gave local authorities the right to oversee how their tax revenues are spent. The draft law did not give an autonomous status to Donbas, as demanded by the pro-Russian rebels there, but gave the region partial self-rule for three years.

Foreign policy

On 7 December 2015, Poroshenko met with U.S. Vice President Joe Biden in Kyiv to discuss Ukrainian-American cooperation. He met U.S. President Donald Trump in June 2017; BBC News falsely accused him of paying Trump's lawyer Michael Cohen between 400,000 and 600,000 dollars to organize this meeting. The BBC ended up having to state the allegation was untrue, apologizing to Poroshenko, deleting the article from its website, paying legal costs, and paying damages to Poroshenko.

In June 2014, Poroshenko forbade any cooperation with Russia in the military sphere.

At the Parliamentary Assembly of the Council of Europe on 26 June 2014 Poroshenko stated that bilateral relations with Russia cannot be normalized unless Russia undoes its unilateral annexation of Crimea and returns its control of Crimea to Ukraine.

On Poroshenko's June 2014 Peace plan for Eastern Ukraine, Russian Foreign Minister Sergei Lavrov commented, "it looks like an ultimatum."

On 26 August 2014, Poroshenko met with Russian President Vladimir Putin in Minsk where Putin called on Ukraine not to escalate its offensive. Poroshenko responded by demanding Russia halt its supplying of arms to separatist fighters. He said his country wanted a political compromise and promised the interests of Russian-speaking people in eastern Ukraine would be considered.

The European Union (EU) and Ukraine signed the economic part of the Ukraine–European Union Association Agreement on 27 June 2014. Poroshenko stated that the day was "Ukraine's most historic day since independence in 1991", describing it as a "symbol of faith and unbreakable will". He saw the signing as the start of preparations for Ukrainian EU Membership.

At his speech at the opening session of the new parliament on 27 November 2014, Poroshenko stated that "we've decided to return to the course of NATO integration" because "the nonalignment status of Ukraine proclaimed in 2010 couldn't guarantee our security and territorial integrity". The Ukrainian parliament on 23 December 2014 voted 303 to 8 to repeal a 2010 bill that had made Ukraine a non-aligned state in a bill submitted by Poroshenko.

2019 election

In the 2019 Ukrainian presidential election, Poroshenko received 24.5% of the second round votes, and was defeated by Volodymyr Zelenskyy.

There was no consensus in the expert community on a single reason why Poroshenko lost, although various reasons cited include:

failure to successfully end the war;

failure to stem corruption;

several corruption scandals in which Poroshenko or people closely associated with him were involved (that included an investigation publicized during the election campaign, according to which associates of Poroshenko created a money laundering scheme in Ukroboronprom);

a conflict with Ihor Kolomoyskyi which resulted in an anti-Poroshenko campaign by 1+1 Media Group (one of the largest media conglomerates in Ukraine);

an information campaign supported by Russia against him;

an overall fatigue from Ukrainian political elites;

a presidential campaign that was focused almost exclusively on the right-wing and nationalistic population and exploited the patriotism topic at the expense of debates about social and economic situation; and

lack of understanding and communication with Ukrainian people.

Post-presidency (2019–present)

In the 2019 Ukrainian parliamentary election, Poroshenko was first on the party list of European Solidarity.

Police raid at Poroshenko's headquarters and gym

On 20 December 2019, Ukrainian law enforcement raided both Poroshenko's party headquarters and gym on the orders of President Volodymyr Zelenskyy. Hidden cameras and recording devices were found inside the gym's smoke detectors and security alarms. According to the State Investigation Bureau, those were allegedly secretly recording and filming Poroshenko's gym clients, some of which are politicians and businessmen. Poroshenko and Ihor Kononenko, deputy head of Poroshenko's party, are both owners of the gym and could not be reached for comments. The raid was part of two ongoing criminal investigations which are focused on two concerns. First, the alleged theft of servers with classified information. Second, the alleged tax evasion and money laundering.

Derkach recordings

In May 2020, Andrii Derkach, a former Ukrainian lawmaker who is aligned with a pro-Russian faction and has links to Russian intelligence, released edited fragments of private phone calls from several years between then U.S. Vice President Joe Biden (the then-presumptive Democratic nominee for U.S. president, elected president in 2020) and then-President Poroshenko. Derkach used the clips to make a series of accusations not supported by the tapes. The taped conversations were consistent with official U.S. and European policy at the time and with public statements by Biden and Poroshenko. Derkach had met with Rudolph W. Giuliani in December 2019.

Derkach's maneuver raised questions about foreign interference in the 2020 U.S. elections, and echoed Russian government's interference into the 2016 election. Biden's campaign and Poroshenko's political party European Solidarity described Derkach's act (which was publicized by the Russian state-controlled network RT) as a Russian attempt to harm Biden and disparage Ukraine. In September 2020, the US Treasury Department sanctioned Derkach "for attempting to influence the U.S. electoral process", alleging he "has been an active Russian agent for over a decade, maintaining close connections with the Russian Intelligence Services".

Anti-oligarch law

Two days after the passing of the anti-oligarch law, which seeks to curb the influence of Ukraine's wealthiest individuals, Poroshenko sold the TV channels Priamyi and 5 Kanal.

Criminal case

On 20 December 2021, Poroshenko was accused of state treason, aiding terrorist organizations and financing terrorism due to allegedly organizing the purchase of coal from separatist-controlled areas of Ukraine together with pro-Russian politician Viktor Medvedchuk. If convicted, he faces up to 15 years in prison. Poroshenko denied the allegations, calling them "fabricated, politically motivated, and black PR directed against [Zelenskyy's] political opponents". On 6 January 2022, a Ukrainian court seized Poroshenko's property. On 15 January 2022, Poroshenko announced via a video message on Facebook: "I am returning to Ukraine on a flight from Warsaw at 09:10 a.m. on January 17... to defend Ukraine from Russian aggression", despite the case against him.

Following his return to Ukraine, the prosecutor's office asked a court to either remand Poroshenko in pre-trial detention for two months, or oblige him to pay bail of ₴1 billion (US$37 million), wear an electronic bracelet, remain in Kyiv, and hand over his passport. The court chose a third option ('personal commitment'), which is less strict than house arrest and doesn't involve paying bail. According to this commitment, Poroshenko has to submit his passport to the authorities, not leave Kyiv or the Kyiv Oblast without first receiving permission from the court or the prosecutors office, and inform the authorities if his place of employment or residence change.

Russian invasion of Ukraine

On 25 February 2022, amid the Russian invasion of Ukraine, Poroshenko appeared on TV with a Kalashnikov rifle together with the civil defense forces on the streets of Kyiv. He also stated that he believed that "Putin will never conquer Ukraine, no matter how many soldiers he has, how many missiles he has, how many nuclear weapons he has... We Ukrainians are a free people, with a great European future. This is definitely so." On 12 March 2022, on the 17th day of the Russian invasion, Poroshenko personally handed over two civilian pickup trucks labeled "Bandera-Mobiles", in honor of Ukrainian nationalist leader Stepan Bandera, to members of the 206th Territorial Defense Battalion of Kyiv. Both trucks were retrofitted with Soviet PKM machine guns, 450 bulletproof vests and decals of Bandera's face on the hood of both vehicles. At the end of May 2022, Poroshenko said he was not allowed to leave the country to visit Lithuania. Despite an official travel permit, he was refused entry to the border. Poroshenko wanted to attend the spring session of the NATO Parliamentary Assembly in Vilnius as a member of the Ukrainian delegation. However, he was later allowed to leave Ukraine at the Polish border to attend a political meeting about the war. In July 2023, he criticized Volodymyr Zelenskyy for not getting a NATO entry promise from western leadership, during that year's NATO summit in Vilnius. In December 2023, Poroshenko was again prevented from leaving Ukraine, despite having an official travel permit signed by Verkhovna Rada speaker Ruslan Stefanchuk.

In April 2024, Poroshenko announced his intention to participate in the upcoming Ukrainian presidential election. On 4 May 2024, Poroshenko was added to a wanted list by the Russian government on unspecified criminal charges, along with current president Zelenskyy and commander Oleksandr Pavliuk. In October 2024, Poroshenko donated US$1 million worth of FPV drones to the Armed Forces of Ukraine.

On 12 February 2025, Poroshenko was sanctioned by Zelenskyy through the National Security and Defense Council of Ukraine on suspicion of "high treason" and assisting a terrorist organization, which Poroshenko said was "politically motivated". Apart from Poroshenko, four other oligarchs—Ihor Kolomoyskyi, Gennadiy Bogolyubov, Kostyantyn Zhevago and Viktor Medvedchuk—were also sanctioned. The next day, the Ukrainian Prosecutor General's Office announced the opening of criminal investigations against Poroshenko and other sanctioned individuals.

Members of European Solidarity blocked the podium of the Verkhovna Rada for two days in protest, and Poroshenko said on 16 February he would go to court against the sanctions.

Panama and Paradise Papers

Poroshenko was named in the Paradise Papers. He set up an offshore company in the British Virgin Islands during the peak of the war in Donbas. Leaked documents from the Panama Papers show he registered the company, Prime Asset Partners Ltd, on 21 August 2014. Records in Cyprus show him as the firm's only shareholder. He said that he had done nothing wrong, and the legal firm, Avellum, overseeing the sale of Roshen, his confectionery company, said that "any allegations of tax evasion (were) groundless". The anti-corruption group Transparency International believes that the "creation of businesses while serving as president is a direct violation of the constitution". A similar explanation was given by current President Zelenskyy when he was named in the Pandora Papers.

Ukrainian firm Investment Capital Ukraine (ICU), known for their financial partnership with Poroshenko, said their contract with the former President ended in April 2016, at the same time that the Panama Papers leak revealed that Poroshenko had set up an offshore in the British Virgin Islands to manage his companies on the same day as the Battle of Ilovaisk, which turned the tide of the war to Russia’s favor.

Personal life

Poroshenko has been married to Maryna Perevedentseva, a cardiologist, since 1984. The couple have four children together: Oleksii (born 1985), twins Yevheniia and Oleksandra (born 2000) and Mykhailo (born 2001). Oleksii was a representative in the regional parliament of Vinnytsia Oblast. In November 2014, he became a People's Deputy of Ukraine with 64.04% of votes in constituency No.12. Poroshenko became a grandfather on the day of his presidential inauguration, 7 June 2014.

His wife is actively involved in the activities of the Petro Poroshenko Charity Foundation.

Poroshenko is a member of the Ukrainian Orthodox Church. Poroshenko has financed the restoration of its buildings and monasteries. In high-level meetings he is often seen with a crucifix.

In addition to his native language, Ukrainian, Poroshenko is fluent in Russian, English, and Romanian.

Poroshenko is diabetic.

Cultural and political image

Poroshenko has been nicknamed the "Chocolate King" because of his ownership of Roshen. Poroshenko has objected to being called an oligarch, saying: "Oligarchs are people who seek power in order to further enrich themselves. But I have long fought against bandits who are robbing our country and have destroyed free enterprise."

After promising in his election campaign to sell his business assets when elected as the president of Ukraine, according to Poroshenko and Rothschild Wealth Management & Trust, after becoming President of Ukraine, he relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.

Potential implementation of martial law

During his speeches Poroshenko on numerous occasions called the war in East Ukraine a "Patriotic War", yet did not initiate implementation of martial law, for which he was criticized on numerous occasions by politicians and the general public. Poroshenko said it was necessary to realize the consequences of martial law for the country:

It would restrict the supply of weaponry and items of dual assignment;

The IMF does not provide funds to countries that are at war.

A month later, the second statement was refuted by a head of the IMF's Ukrainian branch, Jerome Vacher, "As for the possible introduction of martial law, the IMF has no formal legal restrictions that impede continuation of mutual cooperation under such conditions. We have already worked with a number of countries where war conflicts of various intensity unfolded."

On 5 February 2015, in his interview with the Spanish El País newspaper, Poroshenko stated that he would introduce martial law in the event of an escalation of the situation in Donbas, but that such a decision would limit democracy and civil liberties, as well as threaten the development of the economy.

Martial law in Ukraine was introduced for 30 days in late November 2018, after the Kerch Strait incident.

Connections with Dmytro Firtash

In April 2015, Ukrainian oligarch Dmytro Firtash at a court session about his extradition to the United States stated that at the Ukrainian presidential election he financially supported Poroshenko, and Vitali Klitchko in the Kyiv city mayoral election.

Mikheil Saakashvili

On 29 May 2015, Poroshenko invited former president of Georgia and his friend Mikheil Saakashvili to help with conducting reforms in Ukraine and granted him Ukrainian citizenship. The very next day after he became a citizen, on 30 May 2015, Saakashvili was appointed by the president as head (governor) of the Odesa Regional State Administration (see Governor of Odesa Oblast).

On 26 July 2017 Poroshenko issued a decree stripping Saakashvili of his Ukrainian citizenship, without providing any reason. According to The Economist, most observers saw Poroshenko's stripping Saakashvili of his citizenship "simply as the sidelining of a political rival" (Saakashvili started a political party Movement of New Forces to participate in upcoming elections).

New year vacationing in 2018

In January 2018, journalists from Radio Free Europe reported that for Poroshenko's New Year's vacation starting 1 January 2018 in the Maldives, ten people who spent $500,000 to rent separate islands and the most expensive hotel in the country. On 30 March 2018, Poroshenko submitted his income declaration. Poroshenko declared that he spent between 1.3 and 1.4 million UAH on this vacation—half what journalists had reported (some details about the president's vacation were classified).

Awards

Ukraine: Order of Merit

Moldova: Order of the Republic

Poland: Order of the White Eagle (renounced in 2026, see Polish Order of the White Eagle controversy)

Spain: Order of Civil Merit

Ukraine: Medal of winner of Ukraine State Prize in Science and Technology

Saudi Arabia: Order of King Abdulaziz

Lithuania: Grand Cross of the Order of Vytautas the Great

Ecumenical Patriarchate of Constantinople: cross of Panagia Pammakaristos (5 January 2019)

Orthodox Church of Ukraine: Order of St. Andrew Pervozvannyi (Pervozvannyi meaning 'The First-Called')