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Oligarchs who help the Russian military-industrial complex still own assets in Ukraine

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Russian businessmen working for the Kremlin still own at least 88 companies in Ukraine.

In Ukraine, the assets of companies associated with 25 Russian oligarchs serving the work of the military-industrial complex of the Russian Federation have not yet been confiscated. This was revealed by the Trap Aggressor project of the StateWatch analytical center.

Russian oligarch Mikhail Fridman remains one of the largest business owners in Ukraine. Despite the disappearance of Alfa-Bank in Ukraine after nationalization in July 2023, it directly or indirectly owns shares in the ownership structure of Kyivstar mobile operator, Morshynska and Mirgorodska water production enterprise, Alfa Insurance company, etc.

It is known that Russian Alfa group companies financed Russian military factories, and also provided insurance services for the National Guard, which was involved in the occupation of Ukrainian territories.

Russian oligarch Alexei Mordashov continues to own the Tui travel agency and Severstal Distribution in Ukraine. The Russian corporation Severstal supplied more than ten grades of steel to Russia’s military-industrial complex plants.

Ivan Savvidi, a Russian-Greek businessman and owner of the Thessaloniki seaport in Greece, owns Pentopak, a plastic products company, and Atlantis-Pak Ukraine, a trading company, in Ukraine. Previously, these companies were arrested and transferred to the Agency for Tracing and Asset Management.

It is known that the Federation of the Greeks of Russia, financed by Savvid, provided off-road vehicles and generators to terrorist structures and the head of the so-called “DPR” Denis Pushilin.

Among other well-known oligarchs of the Russian Federation who are strengthening the forces of the aggressor and whose businesses in Ukraine have not yet been confiscated are Vagit Alekperov, Alisher Usmanov, Yuri Kovalchuk and others.

The list compiled by Trap Aggressor also includes Yandex co-founder Arkady Volozh, who condemned Russia’s war against Ukraine a year and a half later.

Overall, Trap Aggressor estimates that key Russian businessmen working with the Kremlin own at least 88 companies in Ukraine. They work in areas such as energy, logistics, industry, hospitality and others.

We will remind, earlier the UK lifted the sanctions from the Russian oligarch Oleg Tynkov. He strongly condemned Russia’s invasion of Ukraine, calling the war unleashed by the Russian Federation “wacky.” The billionaire officially renounced Russian citizenship.

The Czech Republic has begun confiscating the assets of Russian oligarch Yevtushenkov
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Source: korrespondent

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