Ukrainian court seizes Sistema assets for state

Ukraine's High Anti-Corruption Court has ruled in favour of the Justice Ministry in its lawsuit to confiscate assets affiliated with Russian businessman Vladimir Yevtushenkov, the Ukrainian Anti-Corruption Center said on social media.

A statement on the court's website said that the panel of judges decided to "seize for the state assets of a Russian citizen on whom sanctions have been imposed by order of the president of Ukraine." The statement did not name the individual or the assets being seized.

The Anti-Corruption Center said that the assets in question are 17 pieces of real estate totaling about 100,000 square meters, as well as stakes in several Ukrainian companies, including 42.09% of Elektrozavod-VIT LLC (Zaporizhzhia), 59.2% of ITM Ukraine LLC (Kyiv), 59.2% of Smart Digital Solutions LLC (Kyiv), 42.09% of ZTZ Service Scientific and Engineering Center LLC (Zaporizhzhia), and 34.21% of JSC VIT transformer design and engineering institute (Zaporizhzhia).

Source: Interfax