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Oligarchic Subsoil During the War: How Butkevych and Novinsky Control Strategic Permits and Why the State Remains Silent
Private companies control 200 hydrocarbon special permits, which account for 33,61% of the total subsoil portfolio, with about two dozen sites located in occupied territories.
Particularly telling is the distribution of assets among notorious figures, led by co-owner #АТБ Hennadyi #Буткевич and Smart Holding’s sanctioned founder Vadym #Новинський.
📌Despite formal sanctions and loud declarations about halting investments, Novinsky’s structures, through nominal persons, retain extraction permits in Kharkiv and Poltava regions, on the Azov shelf jointly with Ruben Zakharyan, and also control Regal Petroleum Corporation from the British Enwell Energy, of which he was a beneficiary until December 2022.
These resource-oligarchic interests are closely intertwined with joint control over metallurgy and coke chemistry through inseparable ties to Rinat #Ахметов. In 2007, the SCM and Smart Holding groups merged their mining and metallurgical assets into the Dutch Metinvest B.V., where Novinsky’s structure received 25% plus one share. Through #Метінвест partners monopolized the coke-chemical industry, seizing five of the country’s eight enterprises, including Dnipro Coke Chemical Plant and Yuzhkoks, often misleading the Antimonopoly Committee of Ukraine (AMCU).
The picture is completed by the acquisition in 2021 of the assets of the bankrupt Dnipro Metallurgical Plant for 9,17 billion hryvnias at a non-competitive auction, where Akhmetov’s structure was the sole participant, having years of experience supplying raw materials and sales.
📌No less scandalous is the activity of Hennadyi Butkevych, who, through the Cypriot BGV Group Limited, controls Perzhanska Rudna Company LLC, which holds a special permit to extract beryllium in Zhytomyr region. Violations during the auction in 2019, a fictitious environmental impact assessment, and large-scale destruction of protected flora and fauna are accompanied by complete neglect of reclamation.
Thanks to our systematic legal pressure on this construction-and-raw-material expansion, law enforcement has finally started to move. According to our materials, investigators of the USBU in Kharkiv region opened proceeding No.72026101070000008, the Investigation Department of the Main Directorate of the National Police in Dnipropetrovsk region is investigating case No.12026040000002061 under part 1 of article 364 of the Criminal Code of Ukraine, and the Territorial Department of the State Bureau of Investigations in Kyiv is investigating a beryllium-related complaint under No.62025100110000202 under part 3 of article 240 of the Criminal Code of Ukraine.
We continue to demand full accountability for the perpetrators and an end to the plundering of Ukrainian subsoil by oligarchic clans.
🎬More about Butkevych’s schemes — in our video.
Materials on the topic:
▫️The beryllium deposit, a special permit for 20 years, and a criminal proceeding: what is being examined in the “Perzhanska Rudna Company” case?
▫️How oligarchs launder loot taken from Ukraine’s subsoil into offshore havens. Butkevych’s empire: ATB, BGV Group, and the pockets of “Servant of the People”
▫️Oligarchs Preparing for Elections: Butkevych and ATB Investing Stolen Money in Another Boxing Star of Usyk
▫️Novinsky’s and Akhmetov’s Business Empire: Joint Control over Ukraine’s Metallurgy
#новина #надра #екологія #податковісхеми
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