Automatically translated version. May contain inaccuracies compared to the original.
The company of the acting Director of the State Bureau of Economic Security Eduard Fedorov’s wife sells diodes to Ukrzaliznytsia’s repair plants. The sale price of the parts to the plants is one-and-a-half to two times higher than the price at which the firm buys them from the manufacturer. This is reported in Lesia Ivanova’s “Breaking SEB” segment on Bihus.Info.
Since April 2023, the State Bureau of Economic Security has been headed in an acting capacity by Eduard Fedorov. He only started working at the Bureau in 2023, and before that, according to his official biography, he spent most of his career at the SBU, only briefly leaving once to work at Kyiv Customs.
Fedorov’s wife, Olga, has more than 20 various businesses across the country: over the past 6 years she has become the founder or co-founder of companies specializing in trade—fuel, medicine, furniture, and fish—passenger transportation and well drilling, education and technical research; she is also a co-owner of a wind farm in Mykolaiv region and is building a hotel at a ski resort in Chernivtsi region, both projects together with relatives of other SBU officers.
In particular, Fedorova is a co-owner of LLC “Global Technologies of the Future.” Until recently this company dealt with video surveillance systems in Donetsk region, the area where Fedorov himself is from and previously served. Since 2022, “GTM” sharply changed its profile and began supplying spare parts to Ukrzaliznytsia repair plants in Kyiv, Dnipro, and Zaporizhzhia (overall, during these one-and-a-half years the total value of contracts exceeded 50 million UAH).
The main product that Fedorova’s firm supplies is various types of diodes. At the same time, the company does not manufacture them itself but only resells parts, i.e., it acts as an intermediary. According to journalists’ data, GTM’s markup on such resale reaches as high as 100%.
For example, last year GTM supplied plants with the DL253-2000-24 UHL2 diode at 6 973 UAH each, while it purchased them for 4 970 UAH each (prices here and below are shown without VAT). After the exchange rate fell, prices were updated, but a 30% markup remained: accordingly, purchase at 6 130 UAH each, and sale at 9 154 UAH each.
The second type of diodes—DL161-200-12 UHL2—were sold to the plants at 1 641 UAH each, although they were bought for 1 025 UAH each.
Finally, the largest group of diodes—DL161-200-16 UHL2—were supplied to the plants at 1 900 UAH each, with a purchase price of 1 025 UAH each.
By the end of last year, instead of ready-made diodes of the last type, the firm began ordering services to manufacture them. From 505 to 620 UAH each. At the same time, it still sells them to the plants this year at 2 thousand.
For more details about the business and the Fedorov family’s wealth, watch the segment:
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