Sanctions drive Parimatch to exit Ukraine

  • 2 min read
Sanctions drive Parimatch to exit Ukraine

Parimatch has recently halted its Ukrainian business-to-customer operations after being hit with sanctions by the government.

At the end of last week, Ukraine’s Volodymyr Zelensky signed a special decree which imposed sanctions on over 250 organizations and over 100 people. The new law was implemented after the country’s national defense council made the decision to sanction the parties for their associations with Russia.

On the 11th of March, Zelensky further clarified the sanctions, stating that several gambling businesses were found to be financing various schemes in Russia with money originating from Ukraine.

Parimatch responded to the sanctions by suspending its Ukrainian operations and publishing a statement expressing its dissatisfaction with the government’s decision. The company mentioned that it never got any orders to suspend its gambling operations in Russia. Parimatch appealed to Zelensky, asking him to revise the decision and claiming the falsification of certain information that played a significant role in the decision.

The operator has also announced that it is currently working on a mechanism to refund all of its Ukrainian customers fully. Parimatch will deactivate all of its contracts with local partners and is aiming to fully compensate them as well.

Lastly, the operator mentioned that it is hoping to see the sanction reviewed in the near future, adding that it’s prepared to defend its case in the Ukrainian court.