March 3, 2014, 1:47 p.m. | Business — by Mark Rachkevych

Fugitive ex-President Viktor Yanukovych is seen in his last interview before fleeing Ukraine for Russia.
© Courtesy

Mark has been a reporter for the Kyiv Post since 2006, but joined full-time in 2009. A native Chicagoan where he was the co-founder of the now defunct Glasshouse Magazine, Mark currently is an editor of business news and still contributes stories on an ongoing basis. He is a former U.S. Peace Corps volunteer, a graduate of St. Norbert College in Wisconsin, and fluent in the Ukrainian and Russian languages.

Five countries have imposed sanctions of various degrees against former senior officials, including fugitive ex-President Viktor Yanukovych.

At the request of Ukrainian authorities, on Feb. 28 Switzerland, Lichtenstein, and European Union-member Austria imposed financial sanctions on up to 20 members of Ukraine’s ousted government, including Yanukovych and his older son Oleksandr Yanukovych.

Canada and the U.S. have already enacted visa-travel bans for individuals deemed responsible for the violence in Kyiv during which 95 people died as a result of clashes between protesters and police in the last three months. Due to privacy laws in the countries, the identities of those who face travel bans are unknown.

The U.S. Treasury Department’s Financial Crimes Enforcement Network  furthermore on Feb. 24 released an advisory to financial institutions reminding them “to take reasonable, risk-based steps regarding the potential suspicious movement of assets related to (former President) Viktor Yanukuvych departing Kyiv and abdicating his responsibilities…are required to apply enhanced scrutiny to private banking accounts held by or on behalf of senior foreign political figures and to monitor transactions that could potentially represent misappropriated or diverted state assets, the proceeds of bribery or other illegal payments, or other public corruption proceeds.”

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