Ex-Minister Galushchenko Declines 425 Million Hryvnia Bail, Citing Inability to Pay.

Herman Galushchenko's Arrest

According to TSN.ua: Former Energy Minister Herman Galushchenko has refused to post bail set at 425 million hryvnias during a hearing at the High Anti-Corruption Court, stating he does not possess such funds. Galushchenko was detained on February 15 while attempting to leave Ukraine in connection with the 'Midas' case, which involves alleged corruption schemes in the energy sector. This case is part of a broader, ongoing anti-corruption drive in Ukraine that has targeted several high-profile figures.

The arrest was made as part of an investigation initiated by Ukraine's National Anti-Corruption Bureau (NABU). Prosecutors are seeking the 425 million hryvnia bail, but Galushchenko responded by stating:

"I cannot imagine who could do this. I don't even know who to talk to about it." - Herman Galushchenko

Herman Galushchenko served as Minister of Energy from 2021 to 2025 and acted as Justice Minister from July to November 2025.

Cost of Education and Consequences of Arrest

The case against Galushchenko also notes that the annual cost of his son's education in Switzerland could reach up to $200,000. Furthermore, the ex-minister expressed deep concern about the implications of his detention, remarking:

"This is not bail, it's a verdict. It means a person will be held—unfortunately, this is our practice—for years. You are already serving your punishment." - Herman Galushchenko

Galushchenko also attempted to assure the court he had no intention of fleeing, asserting: "If I wanted to escape, believe me, I would have." This situation has sparked significant public debate, raising questions about corruption within state structures and the accountability of public officials.

The arrest of Herman Galushchenko underscores the serious issue of corruption in Ukraine, particularly within the state-managed energy sector. Cases like 'Midas' expose systemic flaws in oversight and accountability mechanisms, which can erode public trust in government institutions. The NABU-led investigation could mark a significant step in the fight against corruption and the push for greater transparency within the Ukrainian government.