The Security Service of Ukraine has seized assets worth over 17 billion UAH ($464 mn) belonging to three Russian oligarchs, the SBU announced on 6 October.
A Ukrainian court has arrested all corporate rights in Ukraine owned by the sanctioned Russian oligarchs Mikhail Fridman, Petr Aven, and Andrey Kosogov.
According to SBU, the three oligarchs are part of Putin's inner circle and are involved in schemes to fund Russia's military aggression against Ukraine.
The court decision concerns 20 companies and financial institutions that the Kremlin-linked oligarchs own as ultimate beneficiaries or through affiliated offshore companies. The arrested corporate rights are valued at over 17 billion hryvnias (approximately $464 million).
Among the frozen assets are financial and insurance firms, mobile communications and IT companies, and mineral water plants.
"The asset seizure will prevent the Russian owners from transferring the properties to figureheads to avoid their future transfer to the Ukrainian state," the SBU said.
In September 2023, SBU investigators notified Fridman that he was under suspicion of financing the overthrow of the constitutional order and seizure of power.
In August 2023, The US Department of the Treasury imposed new sanctions on four Russian businessmen – Petr Aven, Mikhail Fridman tied to the Alfa Group Consortium, one of Russia's largest financial and investment conglomerates.
Read also:
- Making the Kremlin pay: five steps for Ukraine and the world to seize Russian assets
- Court orders arrest of US-sanctioned oligarch Kolomoyskyi with bail option
- Russian oligarch profits from occupation of Ukraine while maintaining US ties – media
The Security Service of Ukraine has seized assets worth over 17 billion UAH ($464 mn) belonging to three Russian oligarchs, the SBU announced on 6 October.
A Ukrainian court has arrested all corporate rights in Ukraine owned by the sanctioned Russian oligarchs Mikhail Fridman, Petr Aven, and Andrey Kosogov.
According to SBU, the three oligarchs are part of Putin's inner circle and are involved in schemes to fund Russia's military aggression against Ukraine.
The court decision concerns 20 companies and financial institutions that the Kremlin-linked oligarchs own as ultimate beneficiaries or through affiliated offshore companies. The arrested corporate rights are valued at over 17 billion hryvnias (approximately $464 million).
Among the frozen assets are financial and insurance firms, mobile communications and IT companies, and mineral water plants.
"The asset seizure will prevent the Russian owners from transferring the properties to figureheads to avoid their future transfer to the Ukrainian state," the SBU said.
In September 2023, SBU investigators notified Fridman that he was under suspicion of financing the overthrow of the constitutional order and seizure of power.
In August 2023, The US Department of the Treasury imposed new sanctions on four Russian businessmen – Petr Aven, Mikhail Fridman tied to the Alfa Group Consortium, one of Russia's largest financial and investment conglomerates.
Read also:
- Making the Kremlin pay: five steps for Ukraine and the world to seize Russian assets
- Court orders arrest of US-sanctioned oligarch Kolomoyskyi with bail option
- Russian oligarch profits from occupation of Ukraine while maintaining US ties – media
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