Valeriy Khoroshkovskyi

Valeriy Ivanovych Khoroshkovsky ( uk, Валерій Іванович Хорошковський, born 1 January 1969 in Kyiv) is a Ukrainian businessman, former head of the Security Service of Ukraine, former Minister of Finance, and former First Vice Prime Minister. According to Ukrainian and East European media Khoroshkovsky is one of Ukraine's richest people.

While being in public office Khoroshkovsky had large stakes in various Ukrainian media and metallurgy industries. In 2006 Khoroshkovsky stated: "I owned mid-sized businesses that had no kind of political influence. I cannot say I gained something for my business thanks to politics or that I had any political advantages thanks to business”.

Biography

Khoroshkovsky completed a postgraduate economics study at Taras Shevchenko Kyiv State University in 1993.

Business career

In 1994 Khoroshkovsky started a metal trading business in partnership with Vadym Gurzhos which he disbanded in 1995 to become active in banking. Since then Khoroshkovsky has been active in the furniture retail and trading business and has had stakes in dairy, soda, machinery and bus factories. In 2004 Khoroshkovsky sold his stake in Ukrsotsbank to Ukraine's second-richest businessman Viktor Pinchuk for an estimated $200 million.

After Khoroshkovsky's resignation as Economics Minister in January 2004 he was appointed vice president of steel giant Evraz, becoming its head in April 2006 either because of his connections or his 13-year friendship with Alexander Abramov. In December 2006 Khoroshkovsky resigned as Chief Executive Officer of Evraz because of his appointment as the First Deputy Secretary of the National Security and Defense Council of Ukraine.

In 2005 Khoroshkovsky paid about $250 million for a 61% stake in Inter TV, one of Ukraine's biggest television channels. In June 2007 he expanded his U.A. Inter Media Group Ltd. After Khoroshkovsky was appointed as Head of the State Customs Service of Ukraine in December 2007 his wife became head of U.A. Inter Media Group.

In June 2010 both Kanal 5 and TVi accused Khoroshkovsky of abusing his power and influence to preserve monopoly control of Ukraine's media airwaves and limit objective news reporting. Khoroshkovsky replied (early June 2010) that he was ready to sell his media business to a willing buyer.

Khoroshkovsky sold 100 percent of Inter Media Group Limited (back) to Firtash on 1 February 2013.

Political career

Khoroshkovsky was a member of the Verkhovna Rada (Ukrainian Parliament) from the Ukrainian parliamentary election of 1998 until 2002 after winning a seat in the Krasnoperekopsk constituency, representing the People's Democratic Party. As a lawmaker he voted for the removal of Prime Minister Viktor Yushchenko from his office in May 2001 which resulted in the end of Yushchenko's prime ministership.Virtual Politics – Faking Democracy in the Post-Soviet World, Andrew Wilson, Yale University Press, 2005, (pages 193–195)

At the March 2002 Ukrainian parliamentary election Khoroshkovsky represented the Team of Winter Generation, which won no seats; he was a member of the Ukrainian Peasant Democratic Party at the time.

In August 2002 Khoroshkovsky was appointed deputy head in the Presidential Administration of President Leonid Kuchma. Khoroshkovsky was appointed minister of economy in December 2002 in the new Viktor Yanukovych government on recommendation of Labour Ukraine

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