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Automatically translated version. May contain inaccuracies compared to the original.
Kurshutov is now almost a saint: won 420 thousand from Tuka in court while the BEB investigates defense procurements worth 724 million UAH
Seyar Kurshutov, who in 2021 was sanctioned by the NSDC as one of the so-called top smugglers, is now assuming the halo of a righteous man. On 20 October 2026 the Pechersky District Court of Kyiv in case No. 757/42237/26-ts found former deputy minister Heorhiy Tuka’s statements about the businessman’s Russian passport, control over drone suppliers, and money laundering to be untrue. Kurshutov submitted an apostilled certificate from the Russian Ministry of Internal Affairs, obtained recovery of more than 420 thousand UAH, and promised to give the money to military medics. While the businessman celebrates his court victory, the BEB is investigating drone procurements worth 724,3 million UAH with alleged inflated component prices, FTTC reports.
Criminal proceeding No. 72025001420000026 was opened on 3 March 2025 under part 5 of art. 191 of the Criminal Code of Ukraine. The central supplier is “Euro Tunnels,” EDRPOU 44751790, registered to Borys Zahalskyi with authorized capital of 127 thousand UAH. The company received 460,8 million UAH from the State Special Communications Service under contract No. 457-30 dated 11.10.2023 and 263,5 million UAH from the Defense Procurement Agency under contract No. 23/3-34-VDK-24 dated 20.02.2024.
BEB analysis No. 9.3/3.3.1/1590-25 identified price discrepancies totaling 39,7 million UAH. Hobbywing X8 motors were declared at $267–370 versus $109–112,5 for other importers — a calculated difference of 28,7 million UAH. CubePilot HEX controllers — $295–588 versus $165–250, another 11 million. The investigation is examining product configurations, import documents, and contract price formation. The supply chain includes Polish DEEP MATTER, KRS 0000965194, with capital of 5000 zlotys: Svitlana Kozachuk — 90%, Oleksandr Kozachuk — 10%. On 9 September 2025 the BEB conducted searches at the Euro Tunnels office and at the residence of the former commercial director. By court orders No. 130612953 and No. 130612955 documents and equipment were seized, including materials on Magura UA, Kolyada K4 and Ares A1 drones.
Euro Tunnels increased revenue over the year from 195,15 million to 550,68 million UAH, profit — from 34,89 million to 99,4 million, staff — from 31 to 90 people. Turnover exceeded authorized capital by 4336 times. Formally the company is owned by Zahalskyi, while journalistic investigations link the defense business to former Kyiv regional customs employee Hlib Lobov, an acquaintance of Kurshutov.
Lobov’s corporate link to the Kurshutov family runs through “Tusana,” EDRPOU 42301955. On 12 October 2022 the businessman’s wife, Kateryna Liubchyk, became an owner. On 7 February 2023 she left the founders and beneficiaries, while Lobov received 69,62% valued at 6,35 million UAH, Anastasiia Besedina — 30,38% valued at 2,77 million. Authorized capital — 9,12 million UAH, revenue for 2023 — 2,17 million, for 2024 — zero. Lobov also owns 50% of “GE Technology,” EDRPOU 45827158; another 50% belongs to Yevhenii Shevchenko; director — Viktor Kvach.
GE Technology was registered in April 2025 as “Barrel Trans,” then changed its name and profile from freight transport to aircraft manufacturing, increasing capital from 1000 UAH to 10,001 million. Address — Ioanna Pavla II, 4/6, building B, next to Euro Tunnels’ former office. For 2025 the company reported one employee, 7,7 thousand UAH in assets and 110 thousand UAH in losses. Since July 2026 it has been a Diia.City resident.
Other fast-growing companies also appear in the defense circuit. “ARES.”, EDRPOU 45587337, owned by Maksym Puhach, increased revenue from 6,18 million to 238,16 million UAH, profit for 2025 — 13,39 million. Four Ares A1 systems were purchased for 12,3 million. “Kolyada KA,” EDRPOU 44689618, director Roman Andreichenko, grew turnover from 43,47 million to 303,4 million, profit — 60,37 million. “FlyTech Ukraine,” EDRPOU 45396725, director Oleksandr Dabagian, recorded 112,79 million UAH in revenue for 2025.
The family’s foreign business is represented by Austrian AmbraCosmetics GmbH, FN 590779v, registered on 11 October 2022 in Vienna. Kateryna Liubchyk is the sole participant and manager. FTTC links her business to Zielinski & Rozen, supplies of cosmetics of Russian origin, distribution in Eastern Europe, and financing of Viennese events.
Incredible, but true....
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