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Ukraine nationalized the billion dollar assets of an oligarch from the Russian Federation

Photo: SBU

The total value of the nationalized assets of the leading manufacturer of household chemicals in Ukraine is more than UAH 2 billion.

The Security Service of Ukraine contributed to the nationalization of the assets of Russian oligarch Viktor Kononov in the amount of more than UAH 2 billion. The High Anti-Corruption Court upheld the claim of the Ministry of Justice for the transfer to the state of PrJSC Vinnitsabytkhim, owned by Kononov. The SBU press service reported this on Thursday, July 25.

Nationalized assets include 100% of the company’s shares, its bank accounts, industrial facilities, transportation and real estate. The company produces cosmetics and household chemicals under brands such as Eared Nanny, Mister Chister and Sarma.

The total value of the nationalized assets of the leading manufacturer of household chemicals in Ukraine is more than UAH 2 billion.

Kononov is the director and beneficial owner of the Russian company Nevskaya Cosmetics, which controls the assets of the Vinnitsa enterprise. The oligarch actively supports the war against Ukraine and finances the Russian budget.

To avoid nationalization, the company’s top management tried to export products from Ukraine as humanitarian cargo. However, the SBU immediately detected this attempt and blocked it in July 2022.

An investigation was opened under three articles of the Criminal Code.

We previously reported that the Ministry of Justice has judicially recovered securities and funds worth more than UAH 1.8 billion from the Latvian non-resident company Royal Pay Europe LLC, which is associated with the Russian bookmaker 1xBet.

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Source: korrespondent

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