13:15 24.05.2018

Lottery operators M.S.L., Patriot withdrawn from sanctions lists

2 min read
Lottery operators M.S.L., Patriot withdrawn from sanctions lists

Lottery operators M.S.L. and Patriot have been withdrawn from Ukraine's sanctions lists.

Updated lists of persons who fall under personal special economic and other restrictive measures (sanctions) have been published on the website of the Ukrainian president. In particular, sanctions were imposed on 1,748 individuals and 756 legal entities, whereas a year ago there were 1,228 individuals and 468 legal entities on the sanctions lists.

As reported, in August 2016, Ukrainian banker and former Oschadbank Chairman Oleksandr Morozov became the new owner of PrJSC Patriot.

M.S.L. lottery operator appeared in the sanctions lists for the third time (the first time is dated September 16, 2015, the second one on October 17, 2016). On the initiative of M.S.L. shareholders, the Security Service of Ukraine opened criminal proceedings and conducted an investigation into the establishment of facts and actions that could be grounds for applying sanctions to the operator. As a result, the criminal proceedings were closed in March 2017 due to absence of violations.

The main owner of M.S.L. lottery operator is Evolot Limited (Cyprus), the ultimate beneficiary is Cypriot citizen Markos Shiapanis, and the company does not have "Russian roots."

The share of M.S.L. in the Ukrainian market currently stands at about 25%, whereas in 2013 it was 80-85%.

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