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Automatically translated version. May contain inaccuracies compared to the original.
A loan from Delta Bank for 36,7 million euros ended up in occupied Sevastopol; investigators are checking boats for Rostec
More than 36,7 million euros taken from a Ukrainian bank have still not been repaid. According to journalists and court documents, this money was directed to expand a factory in Sevastopol. After the occupation of Crimea, that business was re-registered under Russian law, and investigators are now checking whether military boats for the Russian army are being built there.
More details — in Yuliia Mishchenko’s report for "Stop Corruption TV."
Three loans totaling 36,7 million euros
The main figure in this story is Dnipro businessman Oleksandr Dementiienko. He was once a partner of Viktor Pinchuk in Interpipe, and in 2013 he ranked 11-th in Forbes’s list of the richest businessmen of Dnipro, reminds "368 media."
Among the entities he controlled was the company Dniprometalservicegroup LLC, which is currently in the process of winding up. One of its founders is Ecotech LLC, whose founder is Oleksandr Dementiienko.
According to a ruling of the Pecherskyi District Court of Kyiv dated 2025, that company entered into three loan agreements with JSC Delta Bank:
On 21 March 2011, a credit line for 21 million euros;
the same day another for 11 million euros;
on 19 March 2013 the third, for 4 732 537,11 euros.
In total over 36,7 million euros. The repayment term came due on 21 March 2016, but the loan was never repaid.
A berth in Sevastopol
According to "368 media," funds obtained in 2013 were spent on a factory in Sevastopol: finishing the berth and purchasing port equipment.
Less than a year later Russia annexed Crimea. Recovering the assets or seizing the collateral remaining on the peninsula became impossible. The Ukrainian bank’s money effectively settled in infrastructure that came under the control of the occupiers.
"Mirrors" under Russian law
Next, according to court case materials, the business was quickly re-registered. Dniprometalservicegroup obtained a Russian "twin" — OO0 "Dnepr Metall Servis Grupp." The same was done with the pledge provider on the loan, Metal Servis Grupa LLC: it became OO0 "Metall Servis Gruppa" with the same ultimate beneficiaries.
The Russian OOO did not exist only on paper. Over 2019–2021 years it paid 8,6 million rubles in taxes to the Russian budget.
Another ruling states this directly. According to the investigation, Ukrainian citizens, acting to the detriment of the state’s sovereignty, territorial integrity, and defense capability, registered both companies under Russian law in occupied Crimea. They, the investigation says, organize and ensure their operation and tax payments to the occupation authorities.
Boats for Rostec
The most serious question is what exactly the business built with, among other things, the loan funds produces. According to "368 media," the company collaborates with the Russian state corporation Rostec, directly with its head Sergei Chemezov, in building military boats for the Russian forces. According to the outlet, there is a chain of intermediary companies operating between Dementiienko and Chemezov.
That thesis is also contained in a court decision. It states that Dniprometalservicegroup has financial and economic relations with the Rostec group regarding the construction of military boats for the needs of the Russian Armed Forces. Therefore, according to the indictment, the defendant may be financing an aggressive war against Ukraine, which falls under part 1 of article 110-2 of the Criminal Code.
The stakes are clear. Assault and patrol boats are used by Russian special services and the Black Sea Fleet to patrol Crimea’s waters, block Ukrainian navigation, and secure the occupiers’ logistics.
A sale that didn’t happen?
Before the full-scale invasion, part of the Crimean business was re-registered to Russian owners. However, according to the pre-trial investigation materials, the re-registered companies continued production activities on the peninsula.
According to "368 media," this legalization was coordinated at the highest level. The outlet names Russian senator Volodymyr Kozhin as the scheme’s curator. The fictitious sale agreement, the report says, was arranged through Russian securities involving the circle around the occupation head of Crimea, Serhii Aksyonov.
A bill for 2,7 billion
In Ukraine a claim was filed for the unpaid loan. By decision of the Commercial Court of Kyiv dated 20 December 2024 in case No. 910/17873/20 the liquidator’s application for Dniprometalservicegroup was satisfied. Two persons anonymized in the document were held subsidiarily liable for the company’s debts. The court ordered recovery of 2 691 251 669,39 UAH from them. According to journalists, one of them is Oleksandr Dementiienko.
According to Nenka Info, the following have been seized:
100% of the corporate rights of Assets Management Group, which is about 33,5 million UAH;
non-residential premises in Dnipro and Chernivtsi;
funds in ten accounts at Sense Bank and Ukrgasbank.
The treason case
A parallel criminal proceeding No. 22022101110000748 is ongoing. It is being investigated by the Main Investigative Department of the State Bureau of Investigations under articles on high treason, abuse of power, and financing actions aimed at changing Ukraine’s territorial boundaries. The suspects have not been officially named. As part of the proceeding, the Pecherskyi District Court of Kyiv considered the prosecutor’s motions to seize property (case No. 757/40687/25-k).
The court ruling refers to:
related companies that, after the occupation of Crimea, re-registered under Russian law and continued their activities;
payment of taxes to the Russian budget;
contracts with enterprises of the Russian ship repair industry;
assets that, according to the investigation, remain linked to the same beneficiaries.
The chain looks like this: a loan from a Ukrainian bank, a berth in Sevastopol, "mirror" companies, taxes to the Russian budget, and, according to the investigation, boats for the aggressor’s army. Whether each of these links will receive a final legal assessment will be decided by the court.
Document: PDF proof of the original version of the news item "36,7 млн євро з українського банку осіли в окупованому Криму: суд стягує з власника 2,7 млрд грн". It records the publication content at the moment of the first scan, the preservation date and the source: StopKor.
