SBU exposes Russian oligarchs who wanted to avoid nationalization of their property in Ukraine

Ukraine’s Security Service (SBU) press service reported the information.

"The Security Service exposed attempts by sanctioned Russian oligarchs Sergei Chemezov and Mikhail Shelkov to avoid nationalization of property on the balance sheet of their former companies in Ukraine," law enforcement officials said.

The assets in question are the Demurinsky Mining and Processing Plant and the Invest Agro agricultural holding: these assets were previously transferred to the ownership of Ukraine by the HACC. According to the investigation, after the court decision, the former owners tried to illegally "hide"

• more than 100 units of automotive and specialized equipment;

• 6 railcars with agricultural products;

• more than 5,500 containers with ilmenite ore, which is necessary for the production of titanium;

• almost 1,200 tons of fertilizers and other agricultural products.

The Security Service estimated the value of this property at UAH 150 million.

"To implement the deal, they involved affiliated commercial entities that had previously carried out formal management of both Ukrainian companies. In this way, Chemezov and Shelkov planned to transfer abroad a significant part of the property nationalized by Ukraine," the SBU added.

Thus, comprehensive actions are underway to identify those involved in the scheme and bring them to justice.