 Poroshenko objected to being called an oligarch, stating that "Oligarchs are people who seek power in order to further enrich themselves.But I have long fought against bandits who are robbing our country and have destroyed free enterprise".After promising during his election campaign to sell his business assets when elected as the president of Ukraine, according to Poroshenko and Rothschild Wealth Management & Trust, since becoming President of Ukraine, he has relinquished the management of his businesses, ultimately (in January 2016) to a blind trust.