0 out of 25,000

Quality journalism takes work — and a community that cares.
Help us reach 25,000 members by the end of 2025.

News Feed

Ukraine nationalizes assets of sanctioned Russian oligarch Oleg Deripaska

1 min read

On Feb. 16, the Security Service of Ukraine (SBU) reported the nationalization of businesses owned by sanctioned Russian oligarch Oleg Deripaska after a lawsuit from the Ministry of Justice.

The properties include the Mykolaiv Alumina Refinery, the Hlukhiv Quartzite Quarry, Khust Quarry, and the Zhezheliv Quarry. The total value of Deripaska's assets seized is around Hr 10 billion ($271 million).

According to the SBU, Deripaska is part of the closest circles of Russia's military and political leadership. The oligarch attempted to hide his ownership of assets in Ukraine through controlled commercial structures in various regions of the country.

The SBU transferred the full profits of the enterprises over to the state under the procedural guidance of the Prosecutor General's Office.

Power Lines Bonus Ep. 10 — Reporting on corruption in Ukraine
Avatar
The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

Read more
News Feed
 (Updated:  )

Halushchenko is being investigated by the National Anti-Corruption Bureau (NABU) as part of the Energoatom case, the biggest corruption investigation during Zelensky's presidency. Eight suspects have also been charged, and Timur Mindich, a close associate of President Volodymyr Zelensky, is allegedly the ringleader.

Show More