Ukrainian president releases income declaration for 2019

"According to the declaration, the income of the head of state and members of his family in 2019 amounted to UAH 28,602,468. The Zelensky family paid UAH 3.6 million in taxes to the budget," the report reads.

According to the report, since May 2019, Volodymyr Zelensky has not been engaged in entrepreneurial activities and receives a salary exclusively from the State Affairs Department. The salary received by the head of state from May to December 2019 amounted to UAH 208,787.

According to the press service, in the period under review, there was an increase in the salary of the president's wife and a decrease in the salary and business income of the head of state.

In particular, in 2019, the president's family received funds to repay the value of domestic government bonds worth UAH 5.1 million and made payments for the purchase of domestic government bonds worth UAH 5.2 million.

Zelensky also declared UAH 4.423 million as funds received from the sale of real estate in the city of Kyiv, on Velyka Vasylkivska Street, which belonged to his wife.

In addition, the president's family sold the corporate rights of all 12 Ukrainian companies to Serhiy Shefir's family for the amount of UAH 246,144.

"In the spring of 2019, Volodymyr Zelensky sold the shares of Green Family LTD, as well as all four brands registered in the Russian Federation. The president also sold corporate rights in foreign companies Vilhar Holdings Limited and Aldorante Limited," the presidential press service said.

At the same time, according to the report, Zelensky remains the owner of a large number of trademarks. In particular, in 2019, two trademarks "Servant of the People" were registered in his name.

According to the report, PricewaterhouseCoopers evaluated several trademarks in 2019. According to a respective report, the value of the trademark "Evening Quarter" is UAH 45.81 million. The cost of the trademark "Make a Comic Laugh," which was also evaluated by the company, amounted to UAH 14.65 million. Based on the evaluation, Zelensky received royalties from the use of trademarks in the amount of UAH 5.048 million, so his income increased compared to the previous year, the press service said.

According to the report, the Zelensky family also received UAH 3.2 million for leasing an apartment in the UK.

According to the press service, in 2019, the president's wife, Olena Zelenska, received a UAH 5 million loan from Serhiy Shefir. The loan was repaid by the end of the reporting year.

Zelensky spent UAH 11.5 million in 2019 as a contribution to the election campaigning fund of the candidate for president of Ukraine. UAH 567,875 was paid to PricewaterhouseCoopers for consulting services, the report says.

"Volodymyr Zelensky's trip to the Sultanate of Oman was paid for by the president's wife, Olena Zelenska. According to the law, expenses and transactions of family members are not declared," the press service said.

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