Following SSU’s Investigation, Kremlin Business’s Assets Transferred to State Ownership

Following an investigation by the SSU, millions of assets of the Russian-controlled energy company have been transferred to the benefit of our state. In Ukraine, the company was managed by persons close to the leadership of the banned party Opposition Platform – For Life. 

According to the investigation, the enterprise was part of the kremlin’s industrial and financial group rosneft and was engaged in electricity supply.

The company transferred part of the profits to russia to finance military operations against Ukrainian troops.

As a result of the investigation, the SSU blocked the operation of the entity in May 2022. Its assets in the amount of over UAH 23 mln (USD 561,000) were seized.

Now, the arrested funds have been transferred to the National Agency of Ukraine for Detection, Tracing and Management of Assets Obtained from Corruption and Other Crimes (ARMA) to be further directed for the defence needs.

The pre-trial investigation also established that this commercial entity, linked to the Opposition Platform – For Life party, received financing from rosneft to conduct an oil refining business in Ukraine in the interests of russia.

Russian beneficiaries used this energy company to block the operation of Lysychansk oil refinery in 2013. This, in turn, led to a sharp reduction in fuel production and creation of its artificial deficit on Ukrainian market.

Further, russia used the shutdown of the oil refinery to destabilize the domestic political situation in Ukraine.

Criminal proceedings were opened under Articles of the CCU: 110-2.4 (financing of actions committed for forceful change or overthrow of constitutional order or seizure of state power, change of Ukraine’s territory or state border), 15.1, 110-2.4, 14.1, 110-2.2. The investigation is ongoing.

The SSU Main Investigative Directorate is conducting the pre-trial investigation under the procedural supervision of the Prosecutor’s Office.