The Security Service of Ukraine has arrested 'hidden' assets of Novinsky worth over 10 billion UAH
The list of blocked assets includes 230 real estate properties
The Security Service of Ukraine (SBU) has arrested 'hidden' assets of Vadim Novinsky, a sanctioned oligarch, worth over 10.5 billion UAH, according to a statement from the SBU press service.
Among the 230 blocked assets are real estate properties owned by Novinsky through an offshore trust fund. These properties include an exclusive hotel complex in central Kyiv, a sea trading port in Ochakiv, agricultural holdings, and commercial centers in various regions of Ukraine.
The investigation revealed that Novinsky had re-registered ownership of his assets to several foreign individuals under his control in offshore jurisdictions to evade sanctions imposed by the National Security and Defence Council.
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