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Search resuls for: "Vadym Novynskyi"


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[1/2] Ukraine’s Justice Minister Denys Maliuska attends an interview with Reuters in Kyiv, amid Russia's attack on Ukraine, October 23, 2023. REUTERS/Ivan Lyubysh-Kirdey Acquire Licensing RightsKYIV, Oct 24 (Reuters) - Ukrainian authorities feel newly empowered to prosecute the once-powerful tycoons known as "oligarchs" thanks to shifting political realities and the war with Russia, Kyiv's justice minister said. "Everyone was afraid of (the) consequences of indicting oligarchs, but this is no longer the case," he said. Ukraine had long struggled to shake off the influence of its shadowy tycoons, who used the huge industrial wealth they amassed after the 1991 collapse of the Soviet Union to gain political influence and power. A 2021 law aimed at curbing their political and economic influence also sent a clear signal, Maliuska said, and now oligarchs have become "quite accessible" to authorities.
Persons: Denys Maliuska, Ivan Lyubysh, Maliuska, Ihor Kolomoisky, Volodymyr Zelenskiy's, Dmytro Firtash, Vadym Novynskyi, Novynskyi, Dan Peleschuk, Tom Balmforth, Mark Potter Organizations: Ukraine’s, Reuters, REUTERS, Rights, Smart Holding, European Union, EU, National Security Council, Thomson Locations: Kyiv, Ukraine, Russia, Soviet Union, United States, Ukrainian
KYIV, May 5 (Reuters) - Ukrainian industrial and investment group Smart Holding told Reuters on Friday it will try to recover assets seized by the state from former owner Vadym Novynskyi, saying it owns the assets that were seized rather than the billionaire. Ukraine's domestic security service said on Thursday it had seized assets worth more than $280 million from Novynskyi after accusing him of aiding Russia, an allegation he denies. It also seized assets from him worth around $96 million in April. Smart Holding said the assets no longer belonged to Novynskyi as he had fully divested himself of ownership of the company before Ukraine imposed sanctions on him late last year. "It is therefore misleading and incorrect to suggest that Mr Novynskyi owns these assets," Smart Holding said in a written statement to Reuters, adding that the company would pursue the assets in court.
The Security Service of Ukraine (SBU) 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 SBU said it had seized assets including ownership deeds to 40 Ukrainian enterprises and 30 natural gas wells. "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 details of the accusations against him for aiding Russia have not been spelled out by the SBU.
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