Skip to content
Edit post

Anti-Corruption Court seizes assets of Russian billionaire

by The Kyiv Independent news desk January 24, 2023 4:25 AM 1 min read
This audio is created with AI assistance

The High Anti-Corruption Court of Ukraine seized the Ukrainian assets of Russian billionaire Mikhail Shelkov. The assets include multiple apartments, vehicles, company shares, and money in Ukrainian bank accounts.

According to Transparency International Ukraine, Shelkov headed the investment division of the state-owned company Rostec, which controls Russia's defense contractors, and is 59th on the Russian Forbes list of billionaires, with a net worth of $1.5 billion.

Throughout the past year, Ukraine has been seizing assets and corporate rights belonging to Russian oligarchs that are located inside the country.

The Deposit Guarantee Fund recently announced that it transferred Hr 17 billion ($460 million) from liquidated accounts of Russian banks to a special fund of the state budget.

US Senate approves amendment to transfer seized assets of Russian oligarchs to Ukraine.
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

News Feed

Ukraine Daily
News from Ukraine in your inbox
Ukraine news
Please, enter correct email address
9:50 PM

Media: Zelensky may visit Armenia in near future.

President Volodymyr Zelensky may visit Armenia in “the near future,” the Armenian news outlet FactorTV reported on Feb. 23. Preparations for the visit are currently underway, but the exact date has not yet been confirmed, the outlet reported, citing its sources.
7:23 PM

Canada announces new sanctions against Russia.

Canada's new sanctions will target those who provide Russia with military equipment, offer services such as insurance to Russian soldiers, and otherwise help support the finances and logistics of the Russian state
2:36 PM

Ukraine, Denmark finalize long-term security agreement.

The U.K., Germany, and France have earlier signed similar deals to help Ukraine repel Russia's aggression based on a pledge made by the Group of Seven (G7) last July. Denmark is the first non-G7 country to finalize the deal.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.