Parimatch suspends operations in Ukraine after being hit by Government sanctions
Chelsea and Newcastle sponsor Parimatch forced to suspend its operations in Ukraine after the betting firm is sanctioned by President Volodymyr Zelenskyy for ‘financing Russian schemes’ amid the ongoing war
- Betting company Parimatch were included in Ukrainian Government sanctions
- Parimatch has suspended its Ukrainian business but denies funding Russia
- The international firm has four partnership with clubs in the Premier League
Parimatch, a sponsor of four Premier League clubs, has been forced to suspend its operations in Ukraine after the betting company was hit by Government sanctions related to Russia’s ongoing invasion.
Sanctions were imposed on 287 companies and 120 individuals by Ukraine’s National Security and Defence Council.
The sanctions were confirmed by Ukrainian President Volodymyr Zelenskyy, who said the entities had withdrawn money from the nation and have financed Russian schemes.
‘These are more than 280 companies and 120 people who, through gambling business schemes, worked against Ukraine, withdrew funds from our state and financed various Russian schemes,’ Zelenskyy said.
‘It took some time to prepare the decision.
‘It has been thoroughly worked out and closes schemes worth tens of billions.’
Ukrainian President Volodymyr Zelenskyy confirmed sanctions against Parimatch Ukraine
Shakhtar Donetsk has ended its partnership with Parimatch after the sanctions were imposed
Parimatch confirmed in a statement that the company has suspended operations in Ukraine following the sanctions, with their platform no longer available to customers.
The company has vowed to refund customers’ money in full and suspend all partnership contracts, while employees are set to be laid off at the company.
Parimatch has called for a further review of the decision.
The Ukrainian betting giant, which was founded in Kyiv in 1994, claims it has been the victim of a ‘planned campaign’ by the Security Service of Ukraine.
The company said it had ended its Russian franchise last March following the country’s invasion of Ukraine, while it has donated money to help women and children survive the war.
Parimatch are sponsors of several sports teams and organisations.
Ukrainian Premier League side Shakhtar Donetsk has confirmed they have ended their partnership with the company.
Chelsea are one of four Premier League clubs to have partnerships with Parimatch
The betting firm is now based in Cyprus and operates internationally in multiple countries, including the UK.
Parimatch have partnerships with four clubs in the Premier League.
The company have agreements with Chelsea, Leicester City, Newcastle and Aston Villa
It is unclear whether the suspension of operations in Ukraine will have a wider impact on Parimatch’s international business.