
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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While People's Deputy Kyrylo Nesterenko and his mother have no registered real estate, his father and brother are actively investing in residential and commercial properties in Sofiivska Borshchahivka near Kyiv. Over the past few years, they have acquired real estate worth hundreds of thousands of dollars, with some properties being resold at a significant profit.
According to Ukrainian registry data, the parliamentarian's father, Oleksandr Nesterenko, purchased several apartments in the "Lvivskyi Maiatok" residential complex (also known as "Lvivskyi Zatishok"):
Apartment No. 48 (62.2 sq m) was bought on 10 August 2021 for 1.279 million hryvnia (approximately $47,400) and sold on 1 December 2023 for 3.223 million hryvnia.
Apartment No. 128 (60.9 sq m) was acquired on 29 November 2021 for 1.254 million hryvnia ($46,460) and sold on 7 February 2024 for 3.034 million hryvnia ($79,000).
Thus, the value of these properties more than doubled in two years.
In addition, in August 2024, Oleksandr Nesterenko purchased another apartment (41.2 sq m) for 1.353 million hryvnia and a non-residential premises (4.2 sq m) for 83,160 hryvnia. In 2020, he bought a commercial premises (65.3 sq m) for 326,300 hryvnia and sold it in 2023 for 550,000 hryvnia. He also owned two parking spaces.
Kyrylo Nesterenko's brother, Yehor, is also actively acquiring real estate in the same area. In 2019, he bought an apartment (72.1 sq m) for 300,000 hryvnia and non-residential premises with a total area of 76.7 sq m. Seven months later, he sold one of the properties, increasing its value from 421,600 hryvnia to 674,960 hryvnia.
In December 2022, Yehor Nesterenko purchased two parking spaces of 13.7 sq m each, and in 2023, he bought a commercial premises (48.6 sq m) for 184,600 hryvnia. In 2024, he continued his transactions, completing the purchase of four small non-residential premises for a total of 46,800 hryvnia.
In total, over the past few years, the parliamentarian's father and brother have acquired real estate worth more than $200,000, despite the fact that Oleksandr Nesterenko works in a bank and Yehor is engaged in real estate brokerage.
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