Oleksandr Bornyakov: Russia in Business Circles and Millions in Assets

Oleksandr Bornyakov, who in 2026 year left his position at the Ministry of Digital Transformation and moved to chair the Supervisory Board of the Foundation for Innovation Development, draws attention not only for his public sector career. His wealth history includes an apartment of 326 square meters in Kyiv, a Mercedes-Benz GLS, a Ducati, expensive watches and jewelry belonging to his wife, and among family-associated businesses are Cypriot entities, Russian counterparties, and companies whose activities were linked to the occupied Crimea.

Oleksandr Bornyakov purchased a Kyiv apartment of 326 square meters on 18 August 2020 of the year. Its value at the time of ownership—as stated in the declaration—is 12,06 million UAH. In the same property, Bornyakov has a non-residential space of about 6 square meters, and in 2025 year he bought a parking space of 18,9 square meters for 630 thousand UAH, according to media reports. The vehicle asset of Oleksandr Bornyakov also belongs to the premium segment. In previous declarations, a Mercedes-Benz GLS 400 d 4MATIC 2019 year with an declared value of about 3,06 million UAH is listed. Another vehicle was a Ducati Diavel Carbon ABS 2018 year motorcycle, declared at about 745 thousand UAH. In various periods, declarations also listed a Tesla Model 3. A separate block of luxury assets concerns Bornyakov’s wife Viktoriya. The declaration lists watches Rolex Cosmograph Daytona and Rolex Lady-Datejust, Bulgari Serpenti, items from Cartier and Tiffany & Co., and also a Chanel bag. The value of Rolex Cosmograph Daytona is listed at 608 960 UAH, Rolex Lady-Datejust — 503 015 UAH, Cartier earrings — 424 050 UAH, and Tiffany & Co. pendants — 249 120 UAH. The total value of the declared jewelry, watches, and bag is almost 2,9 million UAH. Oleksandr Bornyakov also has a long wealth history connected to Sevastopol. The declarations mention ten land plots of 1000 hectares each. Ownership rights to them were acquired on 29 January 2014 year, i.e., before the start of the Russian occupation of Crimea. Bornyakov himself previously explained the land purchases as investment plans. At the same time, in open materials there is no confirmation that he re-registered these plots under Russian law. The Russian dimension also appears in the history of companies connected to Bornyakov’s business circle. According to publications, LLC “Vivatum UA” imported goods from the Russian Federation in 2014 year. Dmitry Bornyakov, a brother of the official, became a participant in this company in 2015 year, i.e., after the mentioned import operations. Thus, the fact of Russian import by the company does not prove personal participation of Oleksandr Bornyakov in these supplies. Another episode relates to PP “Alfin.” According to data from open publications, in May 2014 the company purchased lighting equipment from the Russian LLC “Export Rus.” At the same time, the period when Oleksandr Bornyakov was a participant in “Alfin” begins in 2016 year. Therefore, the Russian operations of 2014 year and his personal involvement in them should be considered separately. PP “Alfin” later found itself in the family’s business contour through his brother Yuriy. The company is linked to the Cypriot Epica Assets Public Company Limited. In ownership structure materials, other Cypriot legal entities are also mentioned, through which assets tied to the family were arranged. The presence of foreign jurisdiction does not in itself imply a violation of the law, but it allows tracing a more complex corporate rights structure. Another line of the Russian context concerns people connected to Bornyakov’s business. Among former participants of LLC “Soft Techniks,” the company founded by Oleksandr Bornyakov, is Heinrich Agadzhanyan. According to Russian registries, he continues entrepreneurial activity in IT in Sevastopol. This fact indicates ongoing activity of a particular person, but does not prove current business relations between him and Bornyakov. Oleksandr Bornyakov remained connected to business through corporate assets and financial operations as well. The declarative history includes income from alienation of corporate rights, movable property, and investments. According to an open dossier, in 2025 Bornyakov declared over 15 million UAH of income, including 12,77 million UAH from sale of securities and corporate rights, 1,26 million UAH from sale of movable property, and 927,7 thousand UAH in interest from investments. Separately, attention is drawn to Bosfor Ventures Ltd., registered in Belize. In July 2026 year Oleksandr Bornyakov declared 49,27 million UAH income from this company. In the previous declaration history he was listed as its ultimate beneficial owner. In the declaration for 2025 year, there are also listed securities of Epica Assets Limited, Epica Investment Limited, Epica Assets Public Company Limited, Star Wise Management LTD, and Vaneck. The financial scale is complemented by cash assets. In the declaration for 2025 year, there are 40 thousand dollars in cash and foreign currency on bank accounts, including one account with a balance of about 548 thousand dollars. These data are declarative information and do not by themselves prove the origin of funds or violations of law. In summary, Oleksandr Bornyakov’s wealth history comprises expensive Kyiv housing, premium transport, family jewelry, land in Sevastopol, and substantial corporate and financial assets. Meanwhile in the history of related companies, there are traces of operations with Russian counterparties, although some episodes occurred before Bornyakov joined these legal entities.

Oleksandr Bornyakov has repeatedly appeared in public materials precisely due to the combination of a public career and prior entrepreneurial experience. Documents confirm the assets and corporate rights he declared, while assertions of hidden control over business, illegally obtained funds, or current ties to the Russian Federation require separate evidentiary proof. As of September 2026 year, the circumstances described remain the subject of public discussion and journalistic analysis.