Former MP Hennadiy Balashov has passed away: reasons for death not disclosed

According to hvylya.net: Hennadiy Balashov, a former people's deputy of Ukraine and leader of the '5.10' party, died at the age of 64 on November 11, 2025. This was reported by fugitive MP Artem Dmytruk on his Telegram channel. The reasons for his death have not been disclosed, but they have been confirmed by several colleagues.

Life Path and Reputation

Hennadiy Balashov was born on February 20, 1961, in Dnipro. He became a people's deputy of Ukraine in 1998 and founded the '5.10' party in 2013. The politician proposed a radical tax reform with minimum rates that he believed would make Ukraine a 'tax paradise.' In 2021, criminal proceedings were initiated against Balashov for tax evasion exceeding 9.6 million hryvnias, and his property was seized.

Sanctions and End of Political Career

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

Hennadiy Balashov, a former people's deputy and leader of the '5.10' party, passed away at the age of 64. He is known for his radical tax reform and criminal proceedings for tax evasion, as well as President Zelensky's sanctions. Balashov was also active in media and entrepreneurship after emigrating from Ukraine.