Little-known businessman Mykola Sushko, who lives in Cyprus and presents himself as a philanthropist, founded the “Mnozhyna” Foundation. Together with his wife, he supports Ukrainian refugees in Cyprus and is involved in construction and finance. All indications suggest that Sushko acted as a “front man” in Ukraine, with connections to Russian business interests.
For an extended period, Sushko served as the head of, and held a stake in, the closed-end investment fund “Sterling.” Other beneficiaries included former MP and owner of “Inzhyr,” as well as former Fozzy top executive Andriy Zhurzhiy.
“Sterling” is the founder of PJSC “Pentopak,” whose owners included Russian oligarch Ivan Savvidi, who has ties to organized crime and holds Russian and Greek passports, and his wife, Kiriaki Savvidi. In 2024, Ukraine’s High Anti-Corruption Court confiscated 100% of the Savvidi family’s assets in Ukraine because of the family’s support for the Kremlin’s aggression against Ukraine.
Sushko also had joint business interests with the security company “Sheriff” and its owners, Dmytro and Maryna Stryzhov, as well as Liubov and Volodymyr Oblomiei. He was a beneficiary of JSC “City Invest Development.”
Another former Sushko company, JSC “Lira,” established LLC “Prom.Capital,” holding a 10% stake, while the remaining 90% belongs to an entity linked to Moris Group, the law firm associated with Andriy Romanchuk. Romanchuk is a member of the Ethics Commission of the Ukrainian Bar Association and Chairman of the Supervisory Board of the #SaveUkraineNow Coordination Center. In 2015, Romanchuk was considered for the position of Head of the Ivano-Frankivsk Regional State Administration.