Ukraine seizes nearly 20 billion hryvnias worth of aggressor country’s assets – Tsutskiridze

The National Police of Ukraine continues its systematic work to identify, seize, and transfer assets related to Russian capital to the state.

As reported by the First Deputy Head of the National Police of Ukraine — Head of the Main Investigation Department Maksym Tsutskiridze, since the beginning of the full-scale invasion, more than 100 objects have been seized, the total value of which is approaching 20 billion hryvnias.

“Police investigators continue to identify assets that are somehow related to the Russian Federation. Since the beginning of the full-scale invasion, we have seized more than a hundred objects — these are deposits, factories, office centers, and other assets,” said Maksym Tsutskiridze.

Of the total amount of seized property, more than 17 billion hryvnias have already been transferred to the management of the National Agency for Tracing and Asset Management (ARMA). The funds received as a result of the sale of these assets are directed to support the Armed Forces of Ukraine and the restoration of critical infrastructure facilities.

Law enforcement officers record and terminate cases where sanctioned enterprises continue to operate despite arrests and cancellation of permits. Thus, within the framework of one of the proceedings, it was documented that a group of companies previously controlled by a citizen of the Russian Federation was formally re-registered as third parties. At the same time, the extraction and processing of minerals did not stop, and profits were transferred outside Ukraine, including to the Russian Federation.

Investigators of the National Police, with the operational support of the Department of Strategic Investigations, conducted searches at the facilities, recorded facts of illegal activity, seized machinery, equipment and documentation. Correspondence with sanctioned persons was also discovered, which indicates targeted violations of restrictions.

“The police, in cooperation with the Prosecutor General’s Office, are doing everything necessary to ensure that no asset belonging to or associated with a Russian business remains in the shadows. Not a single hryvnia should work for the economy of the aggressor state,” Maksym Tsutskiridze emphasized.

The National Police will continue to identify and document illegal actions related to circumventing sanctions so that all identified assets are arrested, nationalized, and directed to the benefit of the Ukrainian state.