For entrepreneurs in Ukraine, it is not uncommon to face setbacks, obstacles, and opposition. Some stand tall in the face of adversity, demonstrating resilience and contributing to the nation’s growth. One such individual, Sergei Tarasov, has dedicated over three decades to building businesses, creating jobs and helping to elevate Ukraine’s economy. He hired a US firm at his own risk to address ongoing corruption concerns that threaten to undermine his efforts.
Sergei has been a force in Ukraine’s private sector since the 1980s. He has navigated the tumultuous waters of the post-Soviet economy with determination. Starting with small but ambitious ventures in 1993, he recognized the potential for innovation and growth in Ukraine’s agricultural market. This led to a series of successful enterprises that span industries, such as manufacturing, technology and agriculture, employ thousands of Ukrainians, and contribute to the country’s GDP.
Sergei stresses the importance of self-reliance and business ethics. He earned a reputation for fostering integrity, innovation, and vision in his companies. In a country where corruption has been a systemic issue, his companies demonstrate that success is possible through hard work and ethical practices.
Despite his significant contributions to Ukraine, Sergei is now facing a challenge. He has found himself at the mercy of a corrupt faction within Ukraine’s government, with officials extorting him for bribes in exchange for basic operational permissions. This is more than a personal injustice; it is a reflection of the systemic issues that plague the nation’s business environment.
His story is not isolated, and it is a reminder of the challenges faced by entrepreneurs who refuse to participate in the corruption that still grips parts of Ukraine’s government.
Sergei continues to fight for a better entrepreneurial environment in Ukraine. He refuses to let threats and obstacles deter him. His determination is emblematic of the spirit of Ukrainian entrepreneurs who, despite facing systemic challenges, drive forward through innovation and with integrity.
Sergei is traveling to Washington to outline the corruption in Ukraine, identify the people involved, and support efforts to bring them to justice. He is determined to present senior Washington leaders with facts and figures on government officials who have committed fraud and strong-armed entrepreneurs. His visit is an attempt to restore confidence in Ukrainian capitalism by highlighting those in the shadows who are stealing from the Ukrainian people, and holding them accountable on an international stage.
This includes some elected officials, but also appointed Judges, prosecutors, tax administrators, and others who have put a strangle on businesses. His goal is to have them investigated and placed on the Global Magnitsky Act, which would freeze assets, impose travel restrictions, remove access to US financial systems, and restrict international business dealings.
Sergei’s fight is not only about his company’s survival. It is also about creating a more transparent, fair, and prosperous Ukraine. By continuing to stand up to corruption, he is an inspiration to fellow entrepreneurs, encouraging them to hold onto their values and stand up against adversity. He is an advocate for reform, for the sake of Ukrainian businesses, but also for the future of Ukraine.
Charlie Kolean is a member of the American Association of Political Consultants.
