Ukrainian President Volodymyr Zelensky has taken a significant step towards promoting transparency and combating corruption by publicly declaring his income for a two-year period. This move comes amidst the ongoing war in Ukraine. Zelensky disclosed that his income declined in both 2021 and 2022, with the latter year being heavily impacted by Russia’s invasion of Ukraine.
In 2021, Zelensky and his family reported earning 10.8 million hryvnias ($286,168), which was a decrease of 12 million hryvnias compared to the previous year. This amount included income from the sale of government bonds worth $142,000. The following year, their income plummeted further to 3.7 million hryvnias due to reduced rental income from their real estate holdings, directly influenced by the outbreak of the war.
The declaration of Zelensky’s income serves as a significant step towards addressing the concerns of Ukraine’s Western allies and international bodies like the International Monetary Fund, who have been providing support in terms of weaponry and financial assistance. The elimination of corruption has been a key focus for these entities.
In line with the efforts to combat corruption, Ukraine’s National Agency on Corruption Prevention has recently reopened its register on declared income, allowing the public to scrutinize the financial disclosures of public officials.
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