The main purpose of the establishment of Prime Asset Partners Limited (BVI) in the British Virgin Islands was the creation of a special purpose vehicle (SPV) for the transfer of (my) business under the management of the Rothschild bank. It was not for minimizing the tax payments like in the cases of other participants of the 'Panama Papers', President of Ukraine Petro Poroshenko has said.

Speaking at a press conference in Tokyo on Wednesday, Poroshenko said that he authorize the creation of the offshore to minimize taxes and that this was done openly. The company has not received a single penny from Ukraine, he said.