Shadow business of Netpeak Group in the Russian Federation: how Artem Borodatyuk’s companies financed the aggressor’s budget for years

Journalists found that after the start of the full-scale war, entities linked to Ukrainian IT businessman Artem Borodatyuk and the Netpeak group continued to operate in Russia and pay taxes into the aggressor country’s budget.

Despite Netpeak Group’s public statement from 9 March 2022 declaring a complete cessation of work with clients from Russia and Belarus, Russian legal entities connected to the company continued operating for a long time. One of them — the former LLC "Netpik" — was renamed after 24 February and was liquidated only in January 2023. Over its years of operation it transferred more than 23 million rubles to the Russian budget. Another legal entity associated with the Ringostat service continued paying taxes in 2022–2025. At the same time, according to BuiltWith, Ringostat is still used on nearly one in three sites of its client base in Russia.

This is reported by the outlet "StopKor."

Netpeak Group is a group of more than 25 IT companies, founded and led as CEO by Artem Borodatyuk. According to LIGA.net, as of last year its clients included well-known Ukrainian and international businesses: monobank, Samsung, Uber, Peugeot, and others.

Meanwhile, in July the Telegram channel of the detective bureau Absolution Leaks published a series of posts drawing attention to the history of Artem Borodatyuk’s business cooperation with Russian companies before 2022, as well as to the public image of the entrepreneur as a member of the presidential Business Support Council.

Notably, Artem Borodatyuk himself publicly confirms membership in the presidential Business Support Council and emphasizes that Netpeak Group’s cooperation with the state is pro bono — he said this in an interview with Kyiv Post in April 2025. This removes questions about the mere fact of his closeness to the authorities — it is public and not hidden.

But that does not remove a separate question that is of supreme importance to society during a full-scale war: did the business structures connected to Borodatyuk really sever ties with the aggressor country’s market completely, as officially claimed?

"We stopped working with Russia": statement from 9 March 2022

On 9 March 2022 Netpeak Group publicly announced that the agencies Netpeak and Inweb had ceased cooperation with clients from Russia and Belarus, and that the services Serpstat, Ringostat, Netpeak Software and AcademyOcean had frozen accounts of users from the aggressor countries — this is stated in the company’s official statement, which was also cited by AIN.ua. That statement became the starting point for fact-checking.

Despite the above declarations of exit from Russia, the group’s key Russian structure, it seems, demonstrated remarkable viability. A number of legal and financial “traces” point to this.

Case No. 1: an accredited branch of "Netpik" that operated in Russia since 2012

The Russian Federal Tax Service’s open register of accredited branches of foreign legal entities contains an entry for the Branch of LLC "NETPIK", which operated in Russia from 27.04.2012 to 27.04.2015 and was headed by Dmytro Piskaryov. The Russian form of presence is listed as "branch of a foreign legal entity," and the foreign entity is indicated as the Ukrainian LLC "NETPIK" (code 37184690).

The data are corroborated by the official FNS registry and FNS open data. This is very important in the context of what followed.

Separately, a record was found for another legal entity, LLC "CONSULT PROFESSIONAL" (TIN 7717793878). Analysis of Russian registries revealed a revealing detail: on 21 April 2022 — two months after the start of the full-scale invasion — the company changed its name from LLC "NETPIK" to its current name.

Rebranding or an attempt to mask the likely Ukrainian origin of the business to preserve presence in the aggressor market?

This legal entity was liquidated only in 30.01.2023 — that is, almost a year after Netpeak Group’s announcement of ceasing operations in Russia. The data are confirmed by the company cards on RBC Companies and the SPARK-Interfax database.

According to financial data from FNS open registers, compiled on reputation.ru and list-org.com, this company increased revenue from 413 thousand rubles to over 109 million rubles in 2014–2021, and the total net profit for the reporting period exceeded 32,8 million rubles. At least 23,127 million rubles in taxes and mandatory payments were paid into the Russian budget in 2017–2022, of which 9 054 rubles were paid in 2022 — already during the full-scale invasion (data for 2022 year — from the archived FNS open data package).

The amount is not large by IT industry standards, but the fact remains: a company associated with a Ukrainian entrepreneur continued to exist and be listed as a taxpayer in the aggressor country’s budget almost a year after the start of its full-scale aggression against Ukraine.

Notably, according to the Russian resource ALLSEO, the company with the site Netpeaik.Ru listed the group’s founder Artem Borodatyuk as its CEO for a long time.

Case No. 2: Ringostat and its Russian "double"

The most sensitive discovery concerns the product Ringostat — a call-tracking and end-to-end analytics service that Netpeak/FRACTAL publicly positions as its own Ukrainian development.

While "Netpik" appears to have been prepared for closure according to the indicators, another group project — the call-tracking service Ringostat — on the contrary showed financial growth. Its operations in Russia, according to Fractal’s site, were provided by LLC "Performance Profi", later renamed LLC "CONSULT PLUS" (TIN 7708393658).

According to List-Org, the historical founder of the Russian LLC "Consult Plus" (formerly "Performance Profi") from 28.01.2021 to 22.03.2023 was Dmytro Piskaryov — the same person who previously headed Netpik’s Russian branch.

The product with the details of this Russian company (TIN 7708393658) was historically hosted on ringostat.com, as seen from an archival copy of the contacts page on Netpeak.ru and the profile on fractal.partners.

This Russian legal entity continued financial activity after 2022. According to official FNS RF registries (2022, 2023, 2024), the company transferred at least 5,07 million rubles to the Russian budget and funds in 2022, and in total for 2021–2025 it paid no less than 9,718 million rubles.

Revenue and details also match the company card on B2B.house: the company’s legal address until December 2023 was the same Ulansky Lane in Moscow that appears in descriptions of the Ringostat project on Russian niche sites eto-razvod.ru and resize-web.ru. This company was liquidated only in 14.05.2025.

Such sums are hard to explain away as "frozen accounts." This is likely a sign of large-scale commercial activity in the heart of the aggressor country. Moreover, one of the group’s key top managers, Dmytro Piskaryov, remained the official founder of "Consult Plus" with a 100% share until 22 March 2023. This contradicts public statements about a complete severing of ties with Russia in February–March 2022.

Additional analysis of LLC "CONSULT PLUS" connections shows that around this legal entity there are related Russian companies with typical risky signs: they were likely created to legalize funds, have short operating terms, were liquidated or excluded from the Unified State Register of Legal Entities for unreliable information, have minimal staff, self-ownership of shares, frequent changes of participants, and a combination of unrelated OKVED codes. In this circuit are IT/software companies (ADZHAIL, ONLINE DEALER), companies trading computer/electronic equipment (MAGNETIK, ALTEK) and companies in video surveillance/security systems (VIDEOGLAZ CENTER).

We therefore assume that the activities of all these companies could also have been feeding the Russian budget.

Case No. 4: 29,3% of Ringostat sites are from Russia, as of 2026

StopKor analysts also checked a purely technical trace — independent of any corporate documents. According to the international website technology analysis service BuiltWith, as of 2026 Ringostat is used on 1 701 "live" sites, and BuiltWith attributes 498 of them to Russia — about 29,3% of the entire base, the second-largest market for Ringostat after Ukraine. Practically every third site with the Ringostat script is Russian.

This is also confirmed by the technical trace: connection codes to script.ringostat.com were found, in particular, on sharlot.ru, expertproperty.ru and omnicomm.pro. In addition, the product has working integrations with CRM systems most popular in the Russian and CIS market — Bitrix24 and amoCRM/Kommo — as detailed in the service’s own knowledge base: integration with Bitrix24 and integration with amoCRM.

It is telling that Ringostat itself in 2024 publicly urged Ukrainian clients on its site to abandon these CRMs specifically as "Russian or masked as neutral" — that is, the product is technically configured to work with the very market from which the company publicly warns others.

The Cyprus circuit: who might have benefited?

The corporate structure of Artem Borodatyuk’s businesses is extensive and, according to YouControl, includes legal entities in Ukraine, Cyprus, Estonia, Poland, the UK and Kazakhstan.

Particular attention is due to the Cypriot A.B. Digital Horizon Syndicate Limited (registration number HE 451879) — according to the Cyprus Companies Register, its director is Anna Rossidu and its secretary is Pantelis Vorkas.

The law firm Michael Vorkas & Partners, with which the company secretary is associated, publicly lists work with Russian corporations and wealthy Russians (Russian HNWI) among the directions of its practice.

Anna Rossidu appears as a nominal director in hundreds of companies on both the Ukrainian and Russian markets — this is a common Cypriot service model that is not a crime in itself but can create an opaque picture regarding the real beneficiaries.

What does this mean from a legal perspective?

The revealed set of circumstances — historical presence in Russia, late liquidation of related Russian legal entities, continuation of tax payments to the aggressor’s budget after 24.02.2022, and still-active technical presence of the product on the Russian market — requires qualified legal assessment.

If it is confirmed that structures in the orbit of Artem Borodatyuk after 22 February 2022 effectively continued doing business in Russia and filling its budget with taxes, such actions may bear the signs of serious crimes against the foundations of Ukraine’s national security: