The SBU seized the assets of the oligarch Novinskyi, among them the terminal in Ochakiv

The Security Service seized the “hidden” assets of the sanctioned oligarch Vadym Novinsky worth more than UAH 10.5 billion.

The list of blocked assets includes 230 real estate properties that Novinskyi owns through an offshore trust fund, the SBU reported.

The seized property includes the terminal in Ochakiv, premises of an agricultural holding, an elite hotel complex in the center of Kyiv and shopping centers in various regions of Ukraine.

To avoid NSDC sanctions, Novinskyi re-registered his own assets to several controlled foreign citizens in offshore jurisdictions. He engaged affiliated private notaries and state registrars to implement the arrangement.

However, employees of the Ukrainian special service exposed the criminal scheme and blocked it.

We will remind that in April of this year, according to the SBU, Novinskyi’s property worth more than UAH 3.5 billion was seized.