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Russian Free Press

Court seizes property of Putin’s godfather Medvedchuk’s wife for another $12 million – SBU

March 24, 2023
in Daily News
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A Ukrainian court has arrested the property of Oksana Marchenko, the wife of Viktor Medvedchuk, the godfather of Russian President Vladimir Putin, in the amount of 440 million hryvnias (almost $12 million). This was reported in the Security Service of Ukraine (SBU).

The court decision concerns a 6.8% stake in OAO Electrometallurgical Plant Dneprospetsstal named after Kuzmin in Zaporozhye. According to the court, Marchenko owns them through three offshore companies. The SBU clarified that the seizure of assets will protect them from re-registration as nominees and will allow them to be transferred in favor of Ukraine.

In February, the court seized Marchenko's property worth more than $150 million. Under arrest were blocks of shares in three regional energy supply companies, houses and apartments in Kyiv and the Crimea, land and 10 cars. Also at that time, assets in 18 investment, agro-industrial, telecommunications and other companies were arrested. Before that, Medvedchuk's wife was charged with financing the National Guard, as firms from Kiev and Yalta paid for the protection of Putin's godfather's assets in the occupied Crimea.

Medvedchuk himself was detained by the SBU in April 2022 after he escaped from house arrest. He was accused of treason and attempted theft of national resources in the Crimea. In September 2022, Medvedchuk was exchanged for the defenders of Azovstal, Ukrainian President Volodymyr Zelensky deprived him of Ukrainian citizenship.


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