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European Journal

Ukraine: Winning the Oligarchs' Favor

Whoever wants to win the struggle for power in Ukraine will have to have country's rich business magnates on board. So far, most of Ukraine's oligarchs have supported the government.

Watch video 04:47

It's an open secret in Ukraine that the government of President Viktor Yanukovych is closely linked to influential barons of industry. That includes the Donetsk clan, of which the president was a leading member. It was created by multi-billionaire Rinat Akhmetov, the wealthiest man in Ukraine. But there are also oligarchs who have now shown sympathy with the opposition demonstrators.