
Done's Schemes: How Ukrainian Hryvnia Turns into Swiss Francs via Importers
Investigation reveals a network of companies where funds are collected in Ukraine, converted into foreign currency, and transferred to Swiss Done Switzerland AG.

Investigation reveals a network of companies where funds are collected in Ukraine, converted into foreign currency, and transferred to Swiss Done Switzerland AG.

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Irpen City Council member Aleksandr Pikulik has once again drawn journalists' attention. According to a report published by RBC-Ukraine, Pikulik failed to declare assets that could be valued at hundreds of millions of hryvnia. This news once again raises questions about the transparency of income and assets of public officials.
Elite housing hidden from declarations
The Pikulik family is officially registered at different addresses in Irpen. Aleksandr Pikulik lives on Z. Alieva Street, while his wife is registered on Soborna Street. However, as journalists found out, the couple has been living in an elite country house in Lesna Bucha — a resort area in Kyiv Oblast where land prices start from $10,000 per sotka (100 square metres) — for more than a decade. The house itself is estimated to be worth at least $500,000. Despite this, information about the real estate was not included in Pikulik's declarations.
Wife manages the companies
Most of the companies associated with Pikulik are registered in the name of his wife, Halyna Pustavska, who is not listed in the deputy's declaration. Pustavska serves as a director in two companies and is the owner of four and the beneficial owner of two other enterprises closely linked to Aleksandr Pikulik. In some of them, the spouses own shares jointly; in others, Pustavska holds the position of director while Pikulik is the owner.
Undeclared luxury cars and watches
In addition, Pikulik did not declare elite cars and expensive accessories. Among them is a Mercedes-Benz S63 AMG registered in his wife's name. The car, worth over 10 million hryvnia, is constantly used by Pikulik, although it is not registered in his name. This same car was used by Pikulik to cross the Ukrainian border under martial law on four occasions, which also raised questions about the purpose of these trips. In response to journalists' inquiries, the administration did not provide specific details about the deputy's travel purposes.
Scandalous real estate purchases by Pikulik's mother
Journalists also presented documents showing that Pikulik's mother spent approximately 32 million hryvnia on purchasing several real estate objects in an elite residential complex in Irpen. Among the new acquisitions are 10 apartments and three commercial premises with a total area of 250 square metres. These objects, valued at a minimum of 15 million hryvnia, are currently used by Pikulik himself, yet their existence is not reflected in his declaration.
Undeclared money and multi-million hryvnia loans
Besides expensive real estate and cars, Pikulik's declarations are also full of questionable loans from relatives, friends, and employees. Specifically, they list amounts of 1.2 million hryvnia from his mother, 1.5 million from his brother's wife, nearly 4 million from colleagues, as well as million-hryvnia gifts from his godfather Badrudinov.
Pikulik and his scandalous reputation
Aleksandr Pikulik has been the subject of high-profile scandals on more than one occasion. In 2020, he was detained for driving under the influence, and later the deputy opened fire in one of Irpen's restaurants, which led to a threat of his mandate being stripped. In addition, Pikulik was involved in the illegal seizure of the "Tsentralnyi" residential complex, which previously belonged to his former partner. An investigation into this case is currently underway, although the sale of apartments in the complex continues.
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