Petro Oleksiyovych Poroshenko (Ukrainian: Петро́ Олексі́йович Пороше́нко, Ukrainian pronunciation: [pɛˈtrɔ ɔlɛkˈsʲijɔwɪtʃ pɔrɔˈʃɛnkɔ]; born 26 September 1965) is the fifth and current President of Ukraine (excluding acting president Oleksandr Turchynov), in office since 2014. He served as the Minister of Foreign Affairs from 2008 to 2011, and as the Minister of Trade and Economic Development in 2012. From 2008 until 2013, Poroshenko headed the Council of Ukraine's National Bank.
Outside government, Poroshenko has been a prominent oligarch with a lucrative career in acquiring and building assets. His most recognized brands are Roshen, the large-scale confectionery company which has earned him the nickname of 'Chocolate King', and a TV channel 5 kanal, an all-news national TV broadcaster. Due to the scale of his business holdings in the manufacturing, agriculture and financial sectors, his political influence that included several stints at government prior to his presidency, and ownership of an influential mass-media outlet, Poroshenko has long been considered one of the prominent Ukrainian oligarchs even though not the most influential among them.
|Петро Олексійович Порошенко|
|5th President of Ukraine|
Assumed office |
7 June 2014
|Preceded by||Oleksandr Turchynov (acting)|
|2nd Minister of Trade and Economic Development|
13 March 2011 – 4 December 2012
|Prime Minister||Mykola Azarov|
|Preceded by||Andriy Klyuyev|
|Succeeded by||Ihor Prasolov|
|9th Minister of Foreign Affairs|
3 October 2008 – 19 March 2011
Oleksandr Turchynov (acting)
|Preceded by||Volodymyr Khandohiy|
|Succeeded by||Kostyantyn Gryshchenko|
|4th Secretary of the National Security and Defense Council|
8 February 2005 – 8 September 2005
|Preceded by||Volodymyr Radchenko|
|Succeeded by||Anatoliy Kinakh|
|People's Deputy of Ukraine|
12 May 1998 – 14 May 2002
Independent, Vinnytsia Oblast,|
14 May 2003 – 8 September 2006
|Constituency||Our Ukraine Bloc, Vinnytsia Oblast, District No.12|
25 May 2006 – 15 June 2007
|Constituency||Our Ukraine Bloc, No.33|
12 December 2012 – 3 June 2014
Independent, Vinnytsia Oblast,|
Petro Oleksiyovych Poroshenko|
26 September 1965
Bolhrad, Ukrainian SSR
Our Ukraine Bloc
Petro Poroshenko Bloc
Mariyinsky Palace (official)|
Kozyn, Kiev Oblast (private)
|Alma mater||Taras Shevchenko National University|
|Years of service||1983–1987|
Poroshenko was born in the city of Bolhrad, in Odessa Oblast, on 26 September 1965 to Aleksei Ivanovich Poroshenko and Eugenia Sergeevna (née Grigorchuk). Little is known about his mother but a Ukrainian newspaper said she was an accountant, who taught at a vocational and technical school of accounting. He also spent his childhood and youth in Bendery (Moldavian SSR, now under de facto control of the unrecognized breakaway state Transnistria). where his father Oleksiy was heading a machine building plant.
In his youth, Poroshenko practiced judo and sambo, and was a Candidate for Master of Sport of the USSR. Despite good grades he was not awarded the normal gold medal at graduation, and on his report card he was given a "C" for his behavior. After getting into a fight with four Soviet Army cadets at the military commissariat, he was sent to army service in the distant Kazakh SSR.
In 1989, Poroshenko graduated, having started studying in 1982, with a degree in economics from the international relations and law department (subsequently the Institute of International Relations) at the Kiev State University. At this university he was friends with Mikheil Saakashvili who he in May 2015 would appoint as Governor of the Odessa Oblast (region) and who is a former President of Georgia .
In 1984 Poroshenko married a medical student, Maryna Perevedentseva (born 1962). Their first son, Oleksiy, was born in 1985 (his three other children were born in 2000 and 2001).
From 1989 to 1992 Poroshenko was an assistant at the university's international economic relations department. While still a student, he founded a legal advisory firm mediating the negotiation of contracts in foreign trade, and then he undertook the negotiations himself, starting to supply cocoa beans to the Soviet chocolate industry in 1991. At the same time, he was deputy director of the 'Republic' Union of Small Businesses and Entrepreneurs, and the CEO "Exchange House Ukraine".
Poroshenko's brother, Mykhailo, older by eight years, died in a 1997 car accident under mysterious circumstances.
In 1993, Poroshenko, together with his father Oleksiy and colleagues from the Road Traffic Institute in Kiev, created the UkrPromInvest Ukrainian Industry and Investment Company, which specialized in the confectionery and automotive industries (as well as in other agricultural processing later on.) Poroshenko was director-general of the company from its founding until 1998, when in connection with his entry into parliament he handed the title over to his father, while retaining the title of honorary president.
Between 1996 and 1998, UkrPromInvest acquired control over several state-owned confectionery enterprises which were combined into the Roshen group in 1996, creating the largest confectionery manufacturing operation in Ukraine. His business success in this industry earned him the nickname "Chocolate King". Poroshenko's business empire also includes several car and bus factories, Kuznya na Rybalskomu shipyard, the 5 Kanal television channel, as well as other businesses in Ukraine.
Although not the most prominent in the list of his business holdings, the assets that drew much recent media attention, and often controversy, are the confectionery factory in Lipetsk, Russia, that became controversial due to the Russian military intervention in Ukraine (2014–present), the Sevastopol Marine Plant (Sevmorzavod) that has been confiscated after the 2014 Russian forcible annexation of Crimea and the media outlet 5 kanal, particularly because of Poroshenko's repeated refusal to sell an influential media asset following his accession to presidency.
According to Poroshenko (and Rothschild Wealth Management & Trust) since becoming President of Ukraine he has relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.
In March 2012, Forbes placed him on the Forbes list of billionaires at 1,153rd place, with $1 billion USD. As of May 2015, Poroshenko's net worth was about $720 million USD (Bloomberg estimate), losing 25 percent of his wealth because of Russia's ban of Roshen products and the state of the Ukrainian economy.
According to the annual ranking of the richest people in Ukraine published by the Ukrainian journal Novoye Vremya and conducted jointly with Dragon Capital, a leading investment company in Ukraine, published in October 2015, president Poroshenko was found to be the only one from the top ten list whose asset value grew since the previous year's ranking. The estimate of his assets was set at $979 million USD, a 20% growth, and his ranking increased from 9th to 6th wealthiest person in Ukraine. The article noted that Poroshenko remained one of the only two European leaders who owned a business empire of such scale, with Silvio Berlusconi of Italy being the other.
A total of €450 million is kept in an Amsterdam-based company registered in Cyprus, as a result of which his effective tax rate is 5% rather than the statutory tax rate of 18% in Ukraine. The company is likely to be worth much more, as the annual accounts published by the Dutch Chamber of Commerce only contain the book value of the shares, which is very likely to be lower than the market value.
A number of businesses were once part of the Ukrprominvest which Poroshenko headed in 1993–1998. The investment group was dissolved in April 2012. Poroshenko has stated that upon beginning his political activity he passed on his holdings to a trust fund.
Poroshenko first won a seat in the Verkhovna Rada (the Ukrainian Parliament) in 1998 for the 12th single-mandate constituency. He was initially a member of the United Social Democratic Party of Ukraine (SDPU), the party led by Viktor Medvedchuk and loyal to president Leonid Kuchma at the time. Poroshenko left SDPU(o) in 2000 to create an independent left-of-center faction, naming it Solidarity. In 2001 Poroshenko was instrumental in creating the Party of Regions, also loyal to Kuchma, but Solidarity never completed the merger.
In December 2001 Poroshenko broke ranks with Kuchma supporters to become campaign chief of Viktor Yushchenko's Our Ukraine Bloc opposition faction. After parliamentary elections in March 2002 in which Our Ukraine won the biggest share of the popular vote and Poroshenko won a seat in parliament, Poroshenko served as head of the parliamentary budget committee, where he was accused of "misplacing 47 million hryvnias" (USD$8.9 million). As a consequence of Poroshenko's Our Ukraine Bloc membership tax inspectors launched an attack on his business. Despite great difficulties, UkrPromInvest managed to survive until Yushchenko became President of Ukraine in 2005.
Poroshenko was considered a close confidant of Yushchenko, who is the godfather of Poroshenko's daughters. Poroshenko was likely the wealthiest oligarch among Yushchenko supporters, and was often named as one of the main financial backers of Our Ukraine and the Orange Revolution. After Yushchenko won the presidential elections in 2004, Poroshenko was appointed Secretary of the National Security and Defense Council.
In September 2005, highly publicized mutual allegations of corruption erupted between Poroshenko and Prime Minister Yulia Tymoshenko involving the privatizations of state-owned firms. Poroshenko, for example, was accused of defending the interests of Viktor Pinchuk, who had acquired state firm Nikopol Ferroalloy for $80 million, independently valued at $1 billion. In response to the allegations, Yushchenko dismissed his entire cabinet of ministers, including Poroshenko and Tymoshenko. State prosecutors dismissed an abuse of power investigation against Poroshenko the following month, immediately after Yushchenko dismissed Svyatoslav Piskun, General Prosecutor of Ukraine. Piskun claimed that he was sacked because he refused to institute criminal proceedings against Tymoshenko and refused to drop proceedings against Poroshenko.
In the March 2006 parliamentary election Poroshenko was re-elected to the Ukrainian parliament with the support of Our Ukraine electoral bloc. He chaired the parliamentary Committee on Finance and Banking. Allegedly, since Poroshenko claimed the post of Chairman of the Ukrainian Parliament for himself, the Socialist Party of Ukraine chose to be part of the Alliance of National Unity because it was promised that their party leader, Oleksandr Moroz, would be elected chairman if the coalition were formed. This left Poroshenko's Our Ukraine and their ally Yulia Tymoshenko Bloc out of the Government.
Poroshenko did not run in the September 2007 parliamentary election. Poroshenko started heading the Council of Ukraine's National Bank in February 2007. Between 1999 and 2012 he was a board member of the National Bank of Ukraine.
Ukrainian President Yushchenko nominated Poroshenko for Foreign Minister on 7 October 2009. Poroshenko was appointed by the Verkhovna Rada (Ukraine's parliament) on 9 October 2009. On 12 October 2009, President Yushchenko re-appointed Poroshenko to the National Security and Defense Council. Poroshenko supported Ukrainian NATO-membership. However, he also stated NATO membership should not be a goal in itself. Although Poroshenko was dismissed as foreign minister on 11 March 2010, President Viktor Yanukovych expressed hope for further cooperation with him.
In late February 2012 Poroshenko was named as the new Minister of Trade and Economic Development in the Azarov Government; on 9 March 2012 President Yanukovych stated he wanted Poroshenko to work in the government in the post of economic development and trade minister. On 23 March 2012 Poroshenko was appointed economic development and trade minister of Ukraine by Yanukovych. The same month he stepped down as head of the Council of Ukraine's National Bank.
Poroshenko claims that he became Minister of Trade and Economic Development in order to help bring Ukraine closer to the EU and get Yulia Tymoshenko released from prison. After he took the post, tax inspectors launched an attack on his business.
Poroshenko returned to the Verkhovna Rada (parliament) after the 2012 Ukrainian parliamentary election after winning (with more than 70%) as an independent candidate in single-member district number 12 (first-past-the-post wins a parliamentary seat) located in Vinnytsia Oblast. He did not enter any faction in parliament and became member of the committee on European Integration. Poroshenko's father Oleksiy did intend to take part in the elections too in single-member district number 16 (also located in Vinnytsia Oblast), but withdrew his candidacy for health reasons. In mid-February 2013, Poroshenko hinted he would run for Mayor of Kiev in the 2013 Kiev mayoral election.
During the Euromaidan protests, between November 2013 and February 2014, Poroshenko actively supported the protest, including with financial support. This led to an upsurge of his popularity. He did not participate in negotiations between then President Yanukovych and the Euromaidan parliamentary opposition parties Batkivshchyna, Svoboda and UDAR.
In an interview with Lally Weymouth, Poroshenko said: "From the beginning, I was one of the organizers of the Maidan. My television channel — Channel 5 — played a tremendously important role. ... At that time, Channel 5 started to broadcast, there were just 2,000 people on the Maidan. But during the night, people went by foot — seven, eight, nine, 10 kilometers — understanding this is a fight for Ukrainian freedom and democracy. In four hours, almost 30,000 people were there." The BBC reported, "Mr Poroshenko owns 5 Kanal TV, the most popular news channel in Ukraine, which showed clear pro-opposition sympathies during the months of political crisis in Kiev."
Poroshenko refused to join the Yatsenyuk Government (although he introduced his colleague Volodymyr Groysman, the mayor of Vinnytsia, into it), nor did he join any of the two newly created parliamentary factions Economic Development and Sovereign European Ukraine.
On 28 February, during the 2014 Crimean crisis, Poroshenko visited Simferopol, in Crimea, prior to its annexation by Russia; "We have to find a compromise," Poroshenko told a crowd gathered in front of the Crimean parliament, but his appeal was drowned by shouts of "Russia, Russia."
On 24 April 2014 Poroshenko visited Luhansk, at the time not controlled by Ukrainian authorities. Just like previously in Crimea he was met by a blockade of hundreds of pro-Russian locals at Luhansk Airport. Poroshenko later claimed: "When I traveled to Luhansk Oblast, my car was fired at and there was an attempt to take our entire group hostage."
Following the 2014 Ukrainian revolution and the resulting removal of Viktor Yanukovych from the office of President of Ukraine, new presidential elections were scheduled to take place on 25 May 2014. In pre-election polls from March 2014, Poroshenko garnered the most support of all the prospective candidates, with one poll conducted by SOCIS giving him a rating of over 40%. On 29 March he stated that he would run for president; at the same time Vitali Klitschko left the presidential contest, choosing to support Poroshenko's bid.
On 2 April Poroshenko stated, "If I am elected, I will be honest and sell the Roshen Concern." He also said in early April that the level of popular support for the idea of Ukraine's joining NATO was too small to put on the agenda "so as not to ruin the country." He also vowed not to sell his 5 Kanal television channel. On 14 April, Poroshenko publicly endorsed the campaign of Jarosław Gowin's party Poland Together of neighboring Poland in this year's elections to the European Parliament, thanking Gowin's party colleague Paweł Kowal for supporting Ukraine.
Poroshenko's election slogan was: "Live in a new way – Poroshenko!". On 29 May, the Central Election Commission of Ukraine announced that Poroshenko had won 25 May presidential election, with 54.7% of the votes.
During his visit in Berlin, Poroshenko stated that separatists "don't represent anybody. We have to restore law and order and sweep the terrorists off the street." He described as "fake" a planned 11 May Donbass status referendums.
When it became clear he had won the election on election day evening (on 25 May 2014) Poroshenko announced "My first presidential trip will be to Donbas", where armed pro-Russian rebels had declared the separatist republics Donetsk People's Republic and Lugansk People's Republic and control a large part of the region. Poroshenko also vowed to continue the military operations by the Ukrainian government forces to end the armed insurgency claiming "The anti-terrorist operation cannot and should not last two or three months. It should and will last hours." He compared the armed pro-Russian rebels to Somali pirates. Poroshenko also called for negotiations with Russia in the presence of international intermediaries. Russia responded by saying it did not need an intermediary in its bilateral relations with Ukraine. As president-elect Poroshenko promised to return Crimea, which was annexed by Russia in March 2014.[a] He also vowed to hold new parliamentary elections in 2014.
Poroshenko was inaugurated in the Verkhovna Rada (parliament) on 7 June 2014. In his inaugural address he stressed that Ukraine would not give up Crimea and stressed the unity of Ukraine. He promised an amnesty "for those who do not have blood on their hands" to the separatist and pro-Russia insurgents of the 2014 pro-Russian conflict in Ukraine and to the Ukrainian nationalist groups that oppose them, but added: "Talking to gangsters and killers is not our path". He also called for early regional elections in Eastern Ukraine. Poroshenko also stated that he would sign the economic part of the Ukraine–European Union Association Agreement and that this was the first step towards full Ukrainian EU Membership. During the speech he stated he saw "Ukrainian as the only state language" but also spoke of the "guarantees [of] the unhindered development of Russian and all the other languages". Part of the speech was in Russian.
The inauguration was attended by about 50 foreign delegations, including US Vice President Joe Biden, President of Poland Bronisław Komorowski, President of Belarus Alexander Lukashenko, President of Lithuania Dalia Grybauskaitė, President of Switzerland and the OSCE Chairman-in-Office Didier Burkhalter, President of Germany Joachim Gauck, President of Georgia Giorgi Margvelashvili, Prime Minister of Canada Stephen Harper, Prime Minister of Hungary Viktor Orbán, President of the European Council Herman Van Rompuy, the OSCE Secretary General Lamberto Zannier, UN Under-Secretary-General for Political Affairs Jeffrey Feldman, China's Minister of Culture Cai Wu and Ambassador of Russia to Ukraine Mikhail Zurabov Former Prime Minister of Ukraine Yulia Tymoshenko was also present. After the inauguration ceremony Tymoshenko said about Poroshenko "I think Ukraine has found a very powerful additional factor of stability".
At the time of his inauguration, armed pro-Russian rebels, after disputed referendums, had declared the independence of the separatist Donetsk People's Republic and Lugansk People's Republic and controlled a large part of Eastern Ukraine, but were largely considered to be illegitimate by the international community. After the inauguration, Poroshenko launched a "peace" plan envisioned to garner the recognition of the presidential elections in Ukraine by Russia, consisting of a cease-fire with the separatists (named "terrorists" by Poroshenko himself) and the establishment of a humanitarian corridor for civilians ("who are not involved in the conflict"). Poroshenko warned that he had a "Plan B" if the initial peace plan was rejected.
In mid-June Poroshenko started the process of amending Ukraine's constitution to achieve Ukraine's administrative decentralization. According to Poroshenko (on 16 June 2014) this was "a key element of the peace plan". In his draft constitutional amendments of June 2014 proposed changing the administrative divisions of Ukraine, which should include regions (replacing the current oblasts), districts and "hromadas" (united territorial communities). In these amendments he also proposed that "Village, city, district and regional administrations will be able to determine the status of the Russian language and other national minority languages of Ukraine in accordance with the procedure established by the law and within the borders of their administrative and territorial units". He proposed that Ukrainian remained the only state language of Ukraine. Poroshenko further proposed to create the post of presidential representatives who would supervise the enforcement of the Ukrainian constitution and laws and the observation of human rights and freedoms in oblasts and raions/raions of cities. In case of an "emergency situation or martial law regime" they will "guide and organize" in the territories they are stationed in. Batkivshchyna, a key coalition partner in the Yatsenyuk Government, came out against the plan.
1 July 2015 decentralization draft law gave local authorities the right to oversee how their tax revenues are spent. The draft law did not give an autonomous status to Donbass, as demanded by the pro-Russian rebels there, but gave the region partial self-rule for three years.
On 25 August 2014, Poroshenko called a snap election to the Verkhovna Rada (Ukraine's parliament), to be held 26 October 2014. According to him this was necessary "to purify the Rada of the mainstay of [former president] Viktor Yanukovych". These deputies, Poroshenko said, "clearly do not represent the people who elected them". Poroshenko also said that these Rada deputies were responsible for "the [January 2014] Dictatorship laws that took the lives of the Heavenly hundred". Poroshenko also stated that many of the (then) current MPs were "direct sponsors and accomplices or at least sympathizers of militant-separatists".
On 27 August 2014, the party congress of the party "Solidarity" adopted a new name: "Petro Poroshenko Bloc". "Solidarity" was Poroshenko's former party. Because in Ukraine the President is not allowed to be member of a party, Poroshenko became "Bloc of Petro Poroshenko" "Honorary Leader".
On 15 May 2015 Poroshenko signed a bill into law that started a six months period for the removal of communist monuments and the mandatory renaming of streets and other public places and settlements with a name related to Communism. According to Poroshenko "I did what I had to"; adding "Ukraine as a state has done its job, then historians should work, while the government should take care of the future". Poroshenko believes that the Nazi crimes are on par with the communist repression and crimes of the Soviet Union. The legislation (Poroshenko signed on 15 May 2015) also provides "public recognition to anyone who fought for Ukrainian independence in the 20th century", including the controversial Ukrainian Insurgent Army (UPA) combatants led by Roman Shukhevych and Stepan Bandera.
Poroshenko said in an interview with Germany's Bild newspaper that "If I am elected, I'll wipe the slate clean and will sell the Roshen concern. As president of Ukraine, I will and want to only focus on the well-being of the nation."
On 23 March 2015 Ukrainian President Petro Poroshenko accepted the resignation of billionaire Ihor Kolomoisky as governor of Dnipro region over the control of oil companies. "There will be no more oligarchs in Ukraine," Poroshenko said adding that "oligarchs must pay more [taxes] than the middle class and more than small business." The president underscored that "the program of de-oligarchization will be put into life". Poroshenko promised that he will fight against the Ukrainian oligarchs.
Corruption is a widespread and growing problem in Ukrainian society. Poroshenko has signed a decree to create the National Anti-Corruption Bureau of Ukraine to comply with the requirements of the International Monetary Fund.
At the Parliamentary Assembly of the Council of Europe on 26 June 2014 Poroshenko stated that bilateral relations with Russia cannot be normalized unless Russia undoes its unilateral annexation of Crimea and returns its control of Crimea to Ukraine.
On Poroshenko's June 2014 Peace plan for Eastern Ukraine Russian Foreign Minister Sergei Lavrov commented "it looks like an ultimatum".
On 26 August 2014 Poroshenko met with Russian President Vladimir Putin in Minsk where Putin called on Ukraine not to escalate its offensive. Poroshenko responded by demanding Russia halt its supplying of arms to separatist fighters. He said his country wanted a political compromise and promised the interests of Russian-speaking people in eastern Ukraine would be considered.
The European Union (EU) and Ukraine signed the economic part of the Ukraine–European Union Association Agreement on 27 June 2014. Poroshenko stated that the day was "Ukraine's most historic day since independence in 1991", describing it as a "symbol of faith and unbreakable will". He saw the signing as the start of preparations for Ukrainian EU Membership.
At his speech at the opening session of the new parliament on 27 November 2014 Poroshenko stated "we've decided to return to the course of NATO integration" because "the nonalignment status of Ukraine proclaimed in 2010 couldn't guarantee our security and territorial integrity". The Ukrainian parliament on 23 December 2014 voted 303 to 8 to repeal a 2010 bill that had made Ukraine a non-aligned state in a bill submitted by Poroshenko. On 29 December 2014 Poroshenko vowed to hold a referendum on joining NATO. On 22 September 2015 Poroshenko claimed that "Russia's aggressive actions" proved need for the enlargement of NATO and that the Ukrainian referendum on joining NATO would be held after "every condition for the Ukrainian compliance with NATO membership criteria" was met by "reforming our country".
Poroshenko was criticized by Committee to Protect Journalists for signing a decree which banned 41 international journalists and bloggers from entering Ukraine for one year, being labeled as threats to national security. The list includes three BBC journalists, and two Spanish journalists currently missing in Syria, all of whom previously covered the Ukraine crisis.
Poroshenko set up an offshore company in the British Virgin Islands during the peak of the war in Donbass. Leaked documents from the Panama Papers show that Poroshenko registered the company, Prime Asset Partners Ltd, on 21 August 2014. Records in Cyprus show him as the firm's only shareholder. He said that he had done nothing wrong, and the legal firm, Avellum, overseeing the sale of Roshen, Poroshenko's confectionery company, said that "any allegations of tax evasion are groundless". The anti-corruption group Transparency International believes that the "creation of businesses while serving as president is a direct violation of the constitution".
Petro Poroshenko's company provided accumulators ISTA for all the Russian equipment which was used to construct Crimea Bridge. At the same time, this company provided the same accumulators for Ukrainian tanks.
As investigators found out, from 2015 to 2017 "Ista-center" made at least 50 deliveries (more than 1000 accumulators) to Rostov-na-Donu (Russian Federation). There were also more than 117 declared deliveries to Togliatti (Russian Federation).
Poroshenko has been married to Maryna since 1984. The couple have four children: Olexiy (born 1985), the twins Yevheniya and Oleksandra (born 2000) and Mykhaylo (born 2001). Olexiy was a representative in the regional parliament of Vinnytsia Oblast. In November 2014, he became People's Deputy of Ukraine. Maryna Poroshenko is a cardiologist, who does not take part in public life, apart from her participation in the activities of the Petro Poroshenko Charity Foundation. Poroshenko became a grandfather on the day of his presidential inauguration of 7 June 2014.
Poroshenko is a member of the Ukrainian Orthodox Church. Poroshenko has financed the restoration of its buildings and monasteries. In high-level meetings he is often seen with a crucifix.
He was also nicknamed 'Chocolate King' because of his ownership of a large confectionery business. Poroshenko objected to being called an oligarch, stating that "Oligarchs are people who seek power in order to further enrich themselves. But I have long fought against bandits who are robbing our country and have destroyed free enterprise".
After promising during his election campaign to sell his business assets when elected as the president of Ukraine, according to Poroshenko (and Rothschild Wealth Management & Trust) since becoming President of Ukraine he has relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.
During his speeches Petro Poroshenko on numerous occasions has called the war in East Ukraine a Patriotic War, yet did not initiate implementation of martial law, for which he was criticized on numerous occasions by politicians and the general public. Poroshenko noted that it is necessary to realize the consequences of martial law for the country:
A month later the last statement was refuted by a head of the IMF Ukrainian branch Jerome Vacher, "As for the possible introduction of martial law, the IMF has no formal legal restrictions that impede continuation of mutual cooperation under such conditions. We have already worked with a number of countries where war conflicts of various intensity unfolded".
On 5 February 2015 in his interview with the Spanish El Pais, Poroshenko stated that he will introduce martial law in the case of an escalation of the situation in Donbas, but that that decision will limit democracy and liberties as well as threaten the development of the economy.
In April 2015 Ukrainian oligarch Dmytro Firtash at a court session about his extradition to the United States stated that at the Ukrainian presidential election he financially supported Poroshenko, and at the Kiev city mayor election – Vitaliy Klychko.
On 29 May 2015 President of Ukraine Petro Poroshenko granted a Ukrainian citizenship to former President of Georgia Mikheil Saakashvili almost 10 months after a Tbilisi city court approved the request of the General Prosecutor of Georgia's office and elected a pre-trial detention for Saakashvili in absentia as preventative measure. The reason for granting the citizenship was acknowledging that it "poses a state interest of Ukraine". It should be noted that back in February 2015 the General Prosecutor of Georgia's office had appealed to the General Prosecutor of Ukraine office for extradition of Saakashvili and the Ministry of Foreign Affairs of Georgia had also recalled the Ukraine Ambassador to Georgia in relation to Saakashvili's appointment as a chairman of Consultative International Council of Reforms. Later during his visit to Georgia in 2017, President Poroshenko at his briefing in Tbilisi stated that Ukraine has never received any requests for extradition of Saakashvili, while Minister of Justice of Georgia Tea Tsulukiani countered it with the announcement that there were actually two official requests. The very next day after receiving citizenship on 30 May 2015 Saakashvili was appointment by the president as a head (governor) of the Odessa Regional State Administration (see Governor of Odessa Oblast).
In January 2018 journalists from Radio Free Europe reported that during Poroshenko's New Year's vacation starting 1 January 2018 on the Maldives there were 10 people who spent $500 000, rented separate islands and the most expensive hotel in the country. On 30 March 2018 Poroshenko submitted his income declaration. Poroshenko declared that he spent between 1.3 and 1.4 million UAH on this vacation – two times less than journalists had reported (some details about the president's vacation were classified).
| Minister for Foreign Affairs
| Minister of Trade and Economic Development
| President of Ukraine