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EXHIBIT 8

Subsidiaries

    The table below sets forth our significant subsidiaries as of December 31, 2021. The equity interest presented represents our ownership interest, direct and indirect. Our percentage ownership interest is identical to our voting power for each of the subsidiaries listed below.

Name of significant subsidiary

Country of incorporation

Nature of subsidiary

Percentage of ownership interest

VEON Amsterdam B.V.

Netherlands

Holding

100.0

%

VEON Holdings B.V.

Netherlands

Holding

100.0

%

PJSC VimpelCom

Russia

Operating

100.0

%

JSC “Kyivstar”

Ukraine

Operating

100.0

%

LLP “KaR-Tel”

Kazakhstan

Operating

75.0

%

LLC “Unitel”

Uzbekistan

Operating

100.0

%

LLC “VEON Georgia”

Georgia

Operating

100.0

%

VEON Finance Ireland Designated Activity Company

Ireland

Holding

100.0

%

LLC “Sky Mobile”

Kyrgyzstan

Operating

50.1

%

VEON Luxembourg Holdings S.à r.l.

Luxembourg

Holding

100.0

%

VEON Luxembourg Finance Holdings S.à r.l.

Luxembourg

Holding

100.0

%

VEON Luxembourg Finance S.A.

Luxembourg

Holding

100.0

%

Global Telecom Holding S.A.E

Egypt

Holding

99.6

%

Omnium Telecom Algérie S.p.A.*

Algeria

Holding

45.6

%

Optimum Telecom Algeria S.p.A.*

Algeria

Operating

45.6

%

Pakistan Mobile Communications Limited

Pakistan

Operating

100.0

%

Banglalink Digital Communications Limited

Bangladesh

Operating

100.0

%

* The Group has concluded that it controls Omnium Telecom Algérie S.p.A and Optimum Telecom Algeria S.p.A, See Significant Accounting Judgments in Note 14 of the Audited Consolidated Financial Statements for further details.