The White House considers that it is too early to make conclusions from information in Panama Papers on the alleged participation of Ukrainian President Petro Poroshenko in offshore arrangements.

"I can’t comment on any of the specific allegations that have been raised by these documents. Given the large volume of documents that are included in here, I think it’s hard to jump to any conclusions right away," White House Press Secretary Josh Earnest said, asked about details on Poroshenko.

"But what’s also true is that President Poroshenko has demonstrated a commitment, along with the rest of the government of Ukraine, to implementing a whole bunch of anti-corruption reforms in Ukraine," he said.

The papers of Mossack Fonseca law firm published on Sunday contain information on the alleged involvement of global leaders to tax evasion, money laundering and other frauds using offshore schemes. Poroshenko is among them.

Earnest declined to comment on details on the alleged financial frauds described in Panama Papers, including those related to Russia. He called to continue to advocate for more transparency in the international financial system.

"Obviously, we’ve seen the extensive reporting that’s been done on these leaked documents. I don’t have a comment on the specific allegations that are included in those documents," he said.

"I can tell you that the United States continues to be a leading advocate for increased transparency in the international financial system, and in working against illicit financial transactions and in fighting corruption," he said.