National Security and Defence Council sanctions Russian-Ukrainian businessman
www.pravda.com.ua
Sun, 19 Jan 2025 17:17:04 +0200
On 19 January, Ukraines National Security and Defence Council NSDC imposed personal sanctions on RussianUkrainian businessman Konstantin Grigorishin, including the freezing of his assets.
Source a presidential decree issued by Volodymyr Zelenskyy Details Grigorishin, who once held significant assets in Ukraine, notably through the Energy Standard Group, had ownership stakes in several key companies.
In 2019, he owned Zaporozhtransformator, the regional power distribution company Vinnytsiaoblenergo, and minority shares in regional power distribution companies in cities including Ternopil, Zaporizhzhia, Poltava, Chernihiv and Sumy, frequently in partnership with Ukrainianborn Israeli billionaire businessman Ihor Kolomoyskyi.
Zaporozhtransformator was nationalised in 2022.
As of 2024, Grigorishin retains his stakes in the regional power distribution companies in Vinnytsia, Chernihiv, Ternopil, Zaporizhzhia, Poltava and Sumy.
In 2021, Forbes Ukraine estimated Grigorishins net worth at US275 million, with one of his most valuable assets being a collection of paintings that Lloyds valued at US300 million a decade ago.
The sanctions freeze all of Grigorishins assets, paving the way for their nationalisation.
Additional measures include a ban on all trade transactions, preventing the transfer of capital abroad, the suspension of economic and financial obligations, the complete cessation of resource transit, flights and transportation across Ukrainian territory, a full or partial ban on transactions involving securities issued by the sanctioned individual, and a ban on the acquisition of land.
Background Ukrenergo sued Grigorishins Luhansk Energy Association LLC for a UAH 100 million approx.
US2,3 million debt for services provided in occupied Luhansk Oblast between 24 February and June 2012.
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