KYIV, Aug 2 – Stock market participants over the past year conducted fictitious operations, not related to investment activities, for UAH 20 billion, Timur Khromaev, the chairman of the National Commission on Securities and the Stock Market, said on his Facebook page.

"UAH 20 billion - this is the volume of operations with securities over the past year that we recognized as abuse or simply tax fraud and tax evasion. These operations were in no way connected with attracting investments or carrying out investment activities," he wrote.