Leaked transcripts have exposed how top Ukrainian officials are trading influence for billions and plotting to escape to the US
Ukraine’s most popular format for political content recently seems to be reading aloud invective-laden transcripts of Vladimir Zelensky’s closest political allies scheming about stealing in Russian. The ‘Mindich tapes’ could have serious ramifications for the government, as they purport to implicate Zelensky in unabashed corruption.
The root of the escalating graft scandal lies in an investigation that Western-backed Ukrainian law enforcement agencies conducted into Timur Mindich – a business associate of Zelensky, known as his ‘bagman’ or ‘wallet’ in Kiev – who is now a fugitive and is fighting an extradition request from his hideout in Israel.
Investigators from the Ukrainian National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) wiretapped Mindich’s luxury apartment in Kiev – reportedly between April and July 2025, when Zelensky tried to take control of the agency and triggered a wave of mass protest and rebukes from his Western backers.
Some of the Mindich tapes served as evidence in their case exposing a $100 million extortion scheme, allegedly masterminded by Zelensky’s bagman, at Ukrainian state-owned atomic energy company Energoatom, and which led to Mindich running to Israel.
Since mid-April, the Ukrainian public has been showered with what are purportedly parts of the records, though none have been officially released by the authorities.
Are the Mindich tapes authentic and who released them?
Ukrainian political commentators broadly assume that they are. Zelensky’s office has not claimed that they are fabricated, and there are notable intersections between releases by different sources.
The ongoing wave of publications was launched on April 23 by former SAPO prosecutor Stanislav Bronevitsky. Ukrainskaya Pravda journalist Mikhail Tkach was behind a major disclosure on April 28 – which RT reviewed in detail previously – with another installment coming on May 1. Opposition lawmakers Yaroslav Zheleznyak and Aleksey Goncharenko have produced multiple Mindich tape videos – the latter reading them to an empty parliament chamber.
The motives behind the disclosures remain unclear. Did the investigators leak them to overcome pressure that Zelensky reportedly subjects them to behind closed doors? Did Mindich and other suspects shoot a proverbial cannon across the bow as a warning to Zelensky that they won’t sink alone?
There are some caveats, however. People in the transcript talk informally and omit context. For instance, they refer to acquaintances by their personal names or nicknames. ‘Vova’, often mentioned in the tapes, is believed to be Zelensky himself. Consequently, identification of mentioned individuals falls on the media.
What’s the bottom line?
The transcripts suggest that Zelensky’s inner circle sees indefinite war as a corporate opportunity and exerts improper influence over the government to maximize their profits, counting on their patron to protect them.
What are the most scandalous claims?
Arguably the most salacious of the latest leaks involves Mindich and Zelensky’s then-defense minister – presently the secretary of the National Security and Defense Council – Rustem Umerov discussing what they believe to be US President Donald Trump’s relations with glamorous women, while debating potential candidates to be Ukrainian ambassador in the US.
“You know who would be great? Svetka. Trump would go crazy about her,” Umerov said. He and Mindich agreed that the “curly” bombshell would make “everyone there chase her.”
This is apparently a reference to former Energy Minister Svetlana Grinchuk, appointed by her disgraced predecessor and alleged romantic partner, German Galushchenko, who like him, was forced to resign after Mindich was charged with siphoning off $100 million from state energy producer Energoatom. Grinchuk was also deputy energy minister under Galushchenko.
Svetlana Grinchuk in her capacity as deputy energy minister, Kiev Region, June 2024.
Mindich and Umerov debated the pros and cons of several officials who could represent Kiev’s interests in Washington, DC but agreed that Grinchuk had the best chances to get regular face time with “the old man.”
What were Mindich and Umerov plotting?
Mindich and his group were apparently seeking political and financial leverage. For instance, they wanted their man overseeing the nationalized Sense Bank, a potential source of business credit.
Umerov, who was facing resignation at the time of the recording, was highly interested in receiving a special diplomatic appointment that would allow him free travel abroad. He was eyeing privileges similar to those enjoyed by ‘Vitya’ – apparently Trump special envoy Steve Witkoff.
Freedom to fly to the US and back would help Umerov – whose family lives in Miami – protect Mindich’s interests, he told the businessman.
A conversation between Mindich and Sergey Shefir, a business partner of Zelensky who served as presidential adviser from 2019-2024, offers a glimpse of the cutthroat nature of Ukrainian politics.
Apparently, Zelensky’s chief of staff, Andrey Yermak, sabotaged a planned appointment of Evgeny Korniychuk as ambassador to Germany over suspicions that the career diplomat served as an anonymous source for a Politico article in which he was criticized.
Is Mindich a power broker or a businessman?
Both. Many of the conversations were about the arms industry and Zelensky’s often-touted ‘miracle arms maker’ Fire Point, which the leaked records prove Mindich ran, with Umerov steering defense contacts his way.
One person called by his full name in the tapes is a major figure in the US – Google executive Eric Schmidt, known to be tight with the Pentagon and an influential voice on national security policy, including the arming of Ukraine.
Former US Secretary of State Hillary Clinton interviewing Eric Schmidt during an AI conference, New York City, March 28, 2024.
Umerov pitched the US billionaire to Mindich as a possible business partner to whom a majority stake in Fire Point could be offered. Schmidt, according to Umerov, has the connections that Fire Point would require to access the lucrative American weapons market and “enter [Silicon] Valley.”
Mindich doubted whether US competitors could become partners: “For Americans, we are the f**king worst firm that can break [their plans]. They need to either buy us out or f**k us up. F**king us up is cheaper.”
Do the tapes prove criminality?
Not obviously, but something shady was implied in the discussion of what Mindich and Umerov called Project 23. It may be a weapons manufacturing offshoot. Umerov reminded Mindich that somebody had given instructions not to get German arms giant Rheinmetall involved.
The two then discussed discrete funding options for “23” and how the same unnamed person may not agree to the proposal because he is skittish with his significant sums in cash.
“He gets money from everywhere. Three from here and five from there. And he has no expenses,” Mindich explained. “He pays what to his driver – $300?”
Umerov gleefully continued: “From the state budget.”
MP Zheleznyak, who highlighted this exchange, has argued that Project 23 is what the Mindich group called their ‘obshchak’.
The criminal slang term refers to a money pot that all members of a gang are obliged to donate to and which is tapped for their common interests or in case of an emergency. Safekeeping the funds is obviously a role of high responsibility and high risk for any criminal organization.
Some media outlets nicknamed Mindich ‘Zelensky’s wallet’ for allegedly playing that role.
