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Assets of ex-MP Vadym Novynskyy, suspected of aiding Russia, seized

The list of blocked assets includes corporate rights to 40 Ukrainian companies and 30 gas wells.

Assets of ex-MP Vadym Novynskyy, suspected of aiding Russia, seized
Photo: Security Service of Ukraine

The Security Service of Ukraine has initiated the seizure of assets worth over UAH 3.5 billion of former MP Vadym Novynskyy. According to the investigation, he is involved in aiding the aggressor state.

The list of blocked assets includes corporate rights to 40 Ukrainian enterprises and 30 gas wells producing commercial volumes of natural gas, the SBU press service said.

"It was established that in order to avoid NSDC sanctions, Novynskyy tried to re-register his industrial facilities to several affiliated commercial entities. He engaged private notaries and state registrars under his control to carry out the deal," it said.

The Justice Ministry has already cancelled the registrars' illegal actions against a number of the oligarch's companies. According to the Prosecutor-General's Office, the controlled entities to whom Novynskyy re-registered the property are foreigners with direct ties to Russia.

As part of criminal proceedings under Article 111-2 (aiding the aggressor state), SBU officers conducted searches at the offices of the companies, as well as at the suspects' places of work and residence.

During the searches, they found documents, seals of non-resident companies and pro-Kremlin religious literature.

The investigation is ongoing to establish all the circumstances of the crime and bring the perpetrators to justice.

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