“We will expect additional analysis and consideration of the situation surrounding the NSDC sanctions against Parimatch LLC and hope for a future review of the decision,” the statement concluded. The operator signed off its statement asserting that as of business suspension Parimatch LLC had paid UAH 485m in taxes and licence payments for 2023. Parimatch added that it is also seeking a legal mechanism for repayment of financial debts from any services provided as part of its partnership contracts, but added that due to suspending its operational processes it will not be able to fulfil obligations to staff members. “Customers can rest assured that all personal funds are currently safe, frozen and will be transferred in full.” “We are looking for a legal refund mechanism,” the firm explained. Looking ahead, the firm has detailed three steps to its customers, beginning with refunds of money from active accounts, followed by suspension of all partnership contracts and completion of labour relations with its staff.

The statement outlines that Parimatch Ukraine’s operational activity has been suspended and as such its platform, including the pm.ua website, has been blocked. Parimatch’s Ukraine business, Parimatch LLC, has confirmed via a Facebook post yesterday that it has immediately complied with the presidential order. Notable betting operators included in the sanctions include BetCity, Matchbet and most significantly Parimatch Ukraine, the most prominent Ukraine-founded business which is active in a range of countries.

The government has accused these firms of having Russian links and therefore acting against Ukraine’s interests. The decree w as signed on Friday 10 March and implemented the decision of the National Security and Defense Council of Ukraine (NSDC), introducing ‘personal special economic and other restrictive measures (sanctions)’.Īccording to Ukrainian media, 287 betting companies and 120 individuals have been targeted by the sanctions. Ukrainian President Volodymyr Zelensky has signed an executive decree ordering various betting businesses active in Ukraine to cease operations in the country.

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