The Power Within: The Kyiv Independent’s first-ever magazine. Be among the first to get it.

pre-order now
Skip to content
Edit post

Court confiscates assets of Russian-Greek oligarch

by Vladyslav Kudryk February 9, 2024 11:38 AM 2 min read
Ivan Savvidi, Greek-Russian politician, friend of Vladimir Putin, and enterpreneur on Sept. 2, 2016. (Wassilios Aswestopoulos/NurPhoto via Getty Images)
This audio is created with AI assistance

Ukraine's High Anti-Corruption Court upheld the claim of the Justice Ministry to confiscate the assets of Russian-Greek oligarch Ivan Savvidi (Savvidis) and his wife Kiriyaki, the Anti-Corruption Action Center (ANTAC) NGO, which supported the lawsuit, reported on Feb. 8.

The decision was made by a panel of three judges.

In the summer of 2023, the Trap Aggressor project of the StateWatch think tank listed Savvidi among 25 oligarchs whose companies serve the Russian military-industrial complex and whose assets had not yet been confiscated by Ukraine.

Savvidi's confiscated assets include 100% of the corporate shares of PJSC Pentopak, which is one of the leaders in the production of packaging for meat and sausage products, and 100% of the corporate rights of its subsidiary Atlantis-Pak Ukraine.

ANTAC said that Kiriyaki Savvidi's wife is the nominal owner of a number of companies in Ukraine, although her husband actually owns the business.

Savvidi founded Agrokom Group, which owns meat processing and packing plants, greenhouse facilities, and a sparkling water factory.

He was a member of the Russian parliament from the United Russia party, closely linked to President Vladimir Putin.

In 2015, Savvidi publicly welcomed the occupation of Crimea and its illegal annexation by Russia. Savvidi holds both Russian and Greek citizenship. In Greece, he owns a port and the PAOK football club, among other things.

EU declines to remove sanctions against Russian oligarch Usmanov
In the 2022 decision to impose sanctions, Alisher Usmanov was described as a “pro-Kremlin oligarch with particularly close ties to Russian President Vladimir Putin.”

News Feed

7:23 PM  (Updated: )

US Cardinal Robert Prevost elected Pope Leo XIV.

U.S. Cardinal Robert Prevost was elected the new pope and leader of the Roman Catholic Church on Thursday, taking the name Pope Leo XIV, a senior cardinal announced on May 8 to crowds gathered in St. Peter’s Square, according to Vatican News.
5:52 PM

What Putin won’t tell you about Russia’s ‘Victory Day.’

The Kyiv Independent’s Chris York sat down with author, historian, and Russia’s Victory Day celebrations on May 9, which mark the Soviet Union’s role in defeating Nazi Germany in World War II, are one of the country’s biggest public events of the year. President of the Ukrainian Society of Switzerland Andrej Lushnycky who sheds some light on the things Putin would rather you didn’t know about World War II.
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
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.