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Who is Vadym Iermolaiev, the sanctioned tycoon injured in the Monaco attack?

Ukrainian businessman Vadym Iermolaiev, who faced an assassination attempt in Monaco on June 29, is little-known nationwide but wielded immense influence in the city of Dnipro. Iermolaiev is controversial. He has renounced his Ukrainian citizenship and has been sanctioned by Ukraine due to alleged collaboration with Russia. He denies the accusations. Meanwhile, Iermolaiev’s son is being investigated in connection with illegal call centers in Ukraine. The Kyiv Independent explains who Iermola

About Privatization

Ukraine's privatization program aims to transfer state-owned enterprises to private ownership to improve the economy's competitiveness. Ukraine’s State Property Fund manages auctions for state assets ranging from small businesses to large industrial facilities, with proceeds designated for defense and reconstruction needs. Ukraine suspended privatization of strategic enterprises in March 2022 following Russia's full-scale invasion, but resumed limited sales of non-critical assets in 2023.

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