The Security Service of Ukraine (SBU) has arrested new hidden assets of the sanctioned oligarch Vadim Novinsky for more than UAH 10.5 billion.
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This pro-Russian figure is involved in complicity with the aggressor country, the press service of the SBU reported on May 4.
The list of blocked assets includes 230 properties that Novinsky owns through an offshore trust fund.
Among the seized property is an elite hotel complex in the center of Kyiv, the Ochakov sea trading port, premises of an agricultural holding and shopping centers in different regions of Ukraine.
To avoid the NSDC sanctions, Novinsky re-registered his own assets to several controlled foreign citizens in offshore jurisdictions. To this end, he engaged affiliated private notaries and public registrars.
The SBU exposed the scheme and blocked it.
In April 2023, according to the materials of the SBU, Novinsky’s property was arrested for more than UAH 3.5 billion.
Criminal proceedings against Novinsky continue under Art. 111-2 (complicity with the aggressor state) of the Criminal Code of Ukraine.
Source: Racurs
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