Central Election Commission member enriched himself during the war

Central Election Commission member Pavlo Liubchenko has been actively increasing his assets amid the war, acquiring real estate, land and securities.

Real estate:
Over the three years of the armed conflict, Liubchenko has amassed a substantial list of property:

• An apartment in Austria measuring 37 sq m, purchased for his son for 7.8 million hryvnia.
• Two apartments in Kharkiv measuring 64 and 76.8 sq m.
• A land plot of 68 hectares in Kirovohrad region.
• A 2008 Honda Civic registered in his wife’s name. Notably, the car’s value in the declaration was understated by almost half.

Investments in securities:
Liubchenko is actively investing in government bonds. In 2023 alone, he:

• Invested 6.25 million hryvnia in bonds.
• Received income from bonds amounting to 2.3 million hryvnia.
• In 2024, he partially redeemed bonds, earning a further 5.18 million hryvnia, and immediately reinvested 5.9 million hryvnia in new issues.

Savings:
As of the end of 2023, his financial assets were distributed as follows:

• 154,000 US dollars.
• 34,000 euros.
• 280,000 hryvnia.

Liubchenko’s active financial activity raises questions against the backdrop of general economic instability and the difficulties faced by the majority of citizens during wartime.