News Feed

SBU: Ukraine nationalizes Russian oligarch's fishing ship worth almost $25 million

1 min read
SBU: Ukraine nationalizes Russian oligarch's fishing ship worth almost $25 million
Operatives from the Security Service of Ukraine (SBU) on March 24, 2017. Photo for illustrative purposes. (Presidential Office)

Ukraine's High Anti-Corruption Court approved the Justice Ministry's claim to nationalize a fishing ship belonging to Russian oligarch Alexander Verkhovsky worth more than Hr 1 billion ($24.7 million), the Security Service of Ukraine (SBU) said on May 28.

Verkhovsky is a former Russian lawmaker who has been sanctioned by Ukraine. He amassed a fortune that Forbes Russia estimated in 2021 to be around $600 million through a fishing empire in Russia's Far East.

According to the SBU, Verkhovsky is part of the Kremlin's inner circle.

The nationalized ship was completed at a shipyard in Mykolaiv prior to the beginning of the full-scale invasion and was subsequently seized by the SBU. It will now be transferred to the Ukrainian state.

Earlier in May, a luxury yacht belonging to Ukrainian oligarch Viktor Medvedchuk was officially transferred to the Ukrainian state.

The Royal Romance, a 92-meter (300-foot) luxury yacht worth an estimated 200 million euros ($218 million), was seized by Croatian authorities in March 2022 in relation to EU sanctions imposed on Medvedchuk.

The profits from the yacht's sale will be redirected to the Ukrainian state.

News Feed
Video

As global attention has shifted to Ukraine’s energy crisis, the fighting on the eastern front has not slowed. The Kyiv Independent’s Francis Farrell speaks with Volodymyr Polevyi, head of public affairs for the 7th Rapid Response Corps of the Air Assault Forces, about the battle for Pokrovsk and Myrnohrad in Donetsk Oblast.

Show More