10:43 27.04.2023

Оfficial statement of Parimatch LLC

3 min read
Оfficial statement of Parimatch LLC

"Parimatch" LLC, in compliance with the Constitution, laws of Ukraine and the decree of the President of Ukraine No. 145/2023 "On the decision of the National Security and Defense Council of Ukraine dated March 10, 2023 "On the application and introduction of changes to personal special economic and other restrictive measures (sanctions)" ceased operations in March 2022.
The company applied for official explanations to the National Security Council, and later to the Security Service of Ukraine - since that the sanctioning mechanism was used because of the service's submission. However, to date, no response to the official letters from the representative of Parimatch LLC has been received from the SBU. We publicly confirm our readiness to respond to the SBU's requests and look forward to further bilateral dialogue.
 
Parimatch LLC  vehemently denies  all allegations made against it, namely that it has ties with companies that do business in Russia. It has obtained detailed legal analysis by international legal experts that conclusively prove that The Company severed its ties with Russian entities after Russia’s illegal invasion of Ukraine and has no existing ties with any Russian companies.

The media published false information, and the company will provide a full refutation in accordance with the established procedures.

It is categorically untrue that there are citizens or residents of the Russian Federation in the ownership structure of the Parimatch group of companies. The companies of the Parimatch group of companies throughout the time owned licenses to conduct activities for the organization in Ukraine. These activities included gambling; and as such the Ukrainian companies of the Parimatch group of companies were regulated by CRGL, the authority responsible for checking the organizers of gambling for the presence of beneficial owners or shareholders of citizens or residents of the aggressor state. This in itself confirms the absence of citizens or residents of the Russian Federation in the ownership structure of the Parimatch group of companies.
 
The article also falsely describes the Cypriot service contractors who provided general secretarial and directorial services to the Parimatch group of companies. As an intermediary company, they provide professional services to a wide range of clients, among which, of course, there may be both citizens and legal entities of any country. The Supreme Court in its practice (in particular, the decision of 17.06.2020 in case No. 9901/259/19) explicitly recognised that such a connection does not serve as a basis for imposing sanctions.
 
Parimatch has been the subject of wrongful blacklisting and has so far, despite repeated requests, not received the details on which the allegations are based. 
 
We will contest the allegations in Ukrainian courts and we are convinced that the case will be heard on its merits and that our position will be fully vindicated and the courts will determine the veracity of the accusations of ties between the Ukrainian company and the international group of companies of Parimatch with the Russian Federation

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