The National Agency for the Detection and Management of Assets (ARMA) has announced a competition for the management of seized property belonging to oligarch Pavel Fuks.
This is reported by Kyiv24
Property Description and Competition Conditions
According to the agency’s press service, the list of assets up for auction includes an elite residential building with an area of nearly 2,500 square meters, located in the village of Kozyn in the Obukhiv district on the banks of the Dnipro River. The house is equipped with a cinema, a gym, a massage salon, as well as expensive furniture and modern household appliances. In addition to the house, the auction includes six plots of land in the same area, situated among elite private developments. According to independent experts’ estimates, the total value of these assets is approximately 214 million hryvnias.
“According to independent experts, the total value is nearly 214 million hryvnias. Among the assets are an elite residential building and six plots of land on the banks of the Dnipro River in the village of Kozyn in the Obukhiv district,” the statement reads.
The plots of land can be used for construction as well as for agriculture or gardening. The final deadline for submitting tender proposals to participate in the competition is August 27, 2025.
Details about Pavel Fuks and the Legal Status of the Assets
Media sources link Pavel Fuks to the construction and oil and gas business, noting that he is under personal sanctions from the National Security and Defense Council (NSDC). According to a decision by the Shevchenkivskyi District Court of Kyiv, the mentioned property was transferred to the management of ARMA. At the end of 2022, Kyrylo Budanov, the head of the Main Intelligence Directorate of the Ministry of Defense of Ukraine, appealed to Kyiv Mayor Vitali Klitschko to cancel the Kyiv City Council’s decision to lease three plots of land on the Rybalsky Peninsula, where a company controlled by Fuks was constructing a residential complex. The construction was taking place near the headquarters of the Main Intelligence Directorate, which, according to Budanov, “poses a threat to national security and could harm Ukraine’s national interests.”
Despite this appeal and the publication of data regarding Fuks’ possession of a Russian passport and the sanctions imposed, as of March 2024, the decision to transfer the land remained in effect, although construction work had been halted since February 2022.
On May 16, 2023, the Security Service of Ukraine informed Fuks of suspicion regarding large-scale financial fraud, systematic tax evasion, and illegal appropriation of assets from Ukrainian companies worth over 100 billion hryvnias since 2018.
After the onset of hostilities on February 26, 2022, Pavel Fuks left the territory of Ukraine without presenting a foreign passport at the border. According to the publication “The Guardian,” in 2012, Fuks received a so-called “golden visa,” and later obtained an indefinite residence permit in the United Kingdom.