Former MP Balashov has passed away: the life and scandals of the politician.

According to inkorr.com: Gennady Balashov, a former MP of Ukraine and leader of the party '5.10', passed away at the age of 64 on November 11, 2025. This information was confirmed by Artem Dmytruk, a deputy who left Ukraine, in his Telegram channel. The cause of death is currently unknown, but several colleagues have confirmed the news.

Life path and reputation

Gennady Balashov was born on February 20, 1961, in Dnipro. He became a member of the Ukrainian parliament in 1998, and in 2013 he founded the party '5.10'. The politician proposed a radical tax reform with minimal rates, believing that this would turn Ukraine into a 'tax paradise'. In 2021, criminal cases were opened against Balashov for tax evasion totaling over 9.6 million hryvnias, and his assets were seized.

Sanctions and the end of a political career

In July 2025, President Volodymyr Zelensky imposed sanctions on Balashov for spreading anti-Ukrainian propaganda. The politician emigated to the USA at the beginning of the Russian invasion of Ukraine in 2022. After 2014, he actively engaged in video blogging, commenting on political events and conducting entrepreneurial activities.

Gennady Balashov left a mark in the political life of Ukraine through his radical tax reform, violations of legislation, and sanctions imposed after his emigration. His activities in media and business after fleeing the country also became a significant part of his challenging legacy. The memory of Balashov will remain important for understanding the political transformations in Ukraine over the past two decades.