Ukraine’s security service said on Thursday it had seized more than 3.5 billion hryvnia ($96 million) worth of assets belonging to exiled billionaire Vadym Novynskyi
The Security Service of Ukraine has accused Novynskyi of “aiding” Russia, which invaded Ukraine last year. The representative, who did not want to be named, on Friday said the billionaire denies the charge.
“The property of pro-Russian oligarch Vadym Novynskyi, who is involved in aiding the aggressor country, was seized,” the SBU said in a statement.The seizure comes amid an escalating dispute between the government and the UOC, which Kyiv accuses of retaining long-standing religious ties with Moscow despite formally cutting them in May 2022.
Chief Executive Officer Julia Kiryanova of Smart Holding, one of the entities which has had some of its assets seized, told Reuters on Friday that the company was transferred on Dec. 1 from Novynskyi to a trust owned by citizens of Cyprus, and was no longer connected to him. According to Ukrainian President Volodymyr Zelensky’s website, sanctions against Novynskyi entered into force on Dec. 1 – the same day Kiryanova said he transferred the assets.
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