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Tsyura, Tron and the “resurrected” Malynovskyi: the schemes around OPZ don’t disappear, and privatization fails once again
Odesa Port Plant (OPZ) has again found itself in the spotlight — this time because of yet another failed privatization attempt. 19 October 2026, an auction to sell 99,5667% of the company’s shares with a starting price of over 4,3 billion UAH did not take place: no participant submitted a bid. This was the sixth attempt.
State Property Fund head Dmytro Natalukha explained the failure by saying that some American investors decided to wait for the results of the U.S. midterm elections on 3 November. Keeping the mothballed plant costs the state about 62 million UAH per month.
Against the backdrop of financial problems and repeated sales attempts, names that previously appeared in investigative reports about nontransparent gas tenders and OPZ’s export contracts have resurfaced: Ukrainian–Swiss businessman Oleg Tsyura, crypto-entrepreneur Serhii Tron and the “resurrected” Dmytro Malynovskyi. Publications from 2024–2025 and recent pieces from 2026 document that these figures have been actively working to remove mentions of the schemes from the information space.
Nontransparent tenders 2024 and links to Loinov
In July 2024 OPZ ran a gas supply tender won by the little-known Kharkiv company “Agrotorggroup.” It appeared in 2022 and had previously participated in a dubious auction to sell seized Russian ammonia. A second tender in August was won by the Lviv LLC Ukrnaftohazburinnia, a license for which was issued only in September 2023. The company had no official website, which is a required condition for the license. The firm’s beneficiary was listed as Lviv biker and co-owner of FC Luzhany, Mykhailo Mazur.
According to the investigative authors, the tenders were backed by Vitalii Loinov — an informal adviser to the head of the United Mining and Chemical Company, who also had influence over Sumykhimprom and OPZ. Olga Balyuk was registered as Agrotorggroup’s CEO; she previously headed LT-Resource LLC, where Loinov himself was listed as the beneficiary. Agrotorggroup appears in SBU Economic Security Bureau criminal proceeding No. 7202200041000000 concerning evasion of taxes on an especially large scale. Loinov himself was previously a suspect in proceeding 2016 for embezzlement through abuse of office and was wanted for a time. The case was never brought to a verdict.
The winning companies, according to investigations, lacked sufficient funds to pay for the gas, tried to obtain resource from the gas transmission system without advance payment, and recorded prices below market levels. This created risks for the stability of the gas transmission system.
Tsyura, Tron and White Rock Management
Oleg Tsyura, who holds Swiss citizenship, appears in the materials as someone connected to shell companies in the schemes around OPZ and UMCC. Through structures like Phoenix Resources AG and German firms, journalists say the apparent country of origin of raw materials (notably ferrochrome) may have been altered to evade sanctions in favor of Russian beneficiaries linked to Dmytro Firtash.
Serhii Tron, who is linked to White Rock Management AG (registered in Switzerland in 2018, with registration documents submitted, among others, by Oleg Tsyura), presents himself as a crypto investor and publisher of Bitcoin Magazine. Publications from 2025–2026 also recall his role in the CityCommerce Bank story, from which, in 2014, tens of millions of euros reportedly disappeared, according to investigators. Those funds, these pieces say, later surfaced in mining farms and crypto structures. Tron and Tsyura, the authors claim, actively file DMCA and other complaints to remove materials about the schemes from search results.
Dmytro Malynovskyi, who was earlier declared “dead,” is also mentioned in the context of these schemes. Several outlets have recorded attempts to cleanse the internet of mentions of him, Tsyura and Tron over 2024–2026.
Despite numerous publications, criminal proceedings against key figures in the scheme around OPZ are moving slowly. The plant remains mothballed, accumulates losses and costs the budget tens of millions every month.
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