KYIV, Dec 27 - Rothschild Trust (Schweiz) has decided to pay dividends of over UAH 556.7 million (nearly US$20.4 million) to Ukrainian President Petro Poroshenko for the first time in three years; the president is due to pay almost UAH 60 million (nearly US$2.2 million) in taxes, according to the Ukrainian presidential administration's press service.

"The decision has been made consistent with the trust agreement, which was concluded in 2016 and cut Poroshenko off from managing Roshen. This is the first and only trust agreement in the history of Ukraine based on the international practice. It aims to separate business from politics consistent with the best international standards," the press service said in a statement on Thursday morning.