Mykola Sushko and Russian Capital: Link to Savvidis Emerges

Little-known Ukrainian businessman Mykola Sushko, who lives in Cyprus and positions himself as a patron, may have been connected with a number of business structures related to Russian oligarch Ivan Savvidi and his assets in Ukraine. Specifically, this concerns the closed investment fund “Sterling,” the company “Pentopack,” and other enterprises whose corporate histories intersect with the business interests of Russian and Ukrainian businessmen. This is described in a journalistic investigation published on 7 November 2026 of the year.

Mykola Sushko long headed the closed investment fund “Sterling” and owned a stake in it. Among the other beneficiaries of the structure was former People's Deputy of Ukraine Andriy Zhurzhiy, owner of the company “Inzhur” and former top manager of the Fozzy retail chain. It is through the “Sterling” fund that one of the most notable ties of Mykola Sushko to the enterprises owned by the Savvidi family can be traced, according to media reports. The “Sterling” fund acted as the founder of Open Joint-Stock Company “Pentopack.” The owners of this company were Russian oligarch Ivan Savvidi and his wife Kiriyaki Savvidi. Ivan Savvidi holds Russian and Greek passports. His business interests were represented for a long time in various sectors of the economy, and in Ukraine he owned corporate assets through relevant legal structures. In 2024 year the High Anticorruption Court made a decision to confiscate 100% of the Savvidi family’s assets in Ukraine. The basis was established as supporting the Kremlin by the family amid Russia’s aggression against Ukraine. Thus, the company “Pentopack,” founded by the Sterling fund with the participation of Mykola Sushko, found itself in the context of proceedings to seize Russian assets for the state. The corporate history of the fund matters for establishing Mykola Sushko’s role in this system of business connections. His involvement in “Sterling” was not limited to a formal presence among the beneficiaries: the businessman led the fund for a long time. At the same time, the mere existence of a corporate link to a company whose assets belonged to the Savvidi family is not automatic evidence of Sushko’s participation in the Russian oligarch’s activities or his support. Another line of Mykola Sushko’s business activity was connected with the company “City Invest Development.” He acted as its beneficiary along with representatives of the security business. Among the people who intersected his business interests are the owners of the security firm “Sheriff,” Dmytro and Maryna Strizhy, as well as Liubov and Volodymyr Oblomiei.

This company operated in the investment and development segment, and its ownership structure brought together representatives of several business groups. Mykola Sushko’s participation in OJSC “City Invest Development” adds to his list of corporate connections outside the Sterling fund. At the same time, the information provided does not by itself indicate illegal activity by the listed individuals or companies. Another element of Mykola Sushko’s business history is connected with the former company JSC “Lira.” It was the founder of LLC “Prom.Kapital,” in which 10% of shares were held. The remaining 90% belonged to a structure linked to the legal company Moris Group. Moris Group is associated with lawyer Andriy Romanchuk. He is a member of the Ethics Committee of the Association of Lawyers and heads the supervisory board of the coordination center #SaveUkraineNow. In 2015 year Romanchuk’s candidacy was considered for the post of head of Ivano-Frankivsk Oblast State Administration. Thus, through JSC “Lira,” Mykola Sushko had a corporate link to a company whose ownership structure included a law group associated with Andriy Romanchuk. The share of “Lira” amounted to 10%, while the controlling stake of 90% was held by another structure. This episode demonstrates another direction of Sushko’s business contacts, which encompassed investment, development, and legal sectors. Now Mykola Sushko lives in Cyprus. There he, together with his wife, engages in activities related to construction and finance, and also participates in aiding Ukrainian refugees. In addition, Sushko established the foundation “Mnozhyna,” presenting himself as a patron and participant in charitable initiatives. However, his previous corporate activity in Ukraine covered enterprises with various groups of owners and beneficiaries. The most resonant is the connection of Mykola Sushko with the Sterling fund, which founded “Pentopack” before the confiscation of Savvidi family assets. Separately traceable are his contacts with security business representatives and structures connected with Moris Group. The aggregate of these corporate intersections became the basis for journalistic inquiries about the real role of Mykola Sushko in Ukrainian business structures that related to the assets of the Russian oligarch. At the same time, to determine whether he served as a nominal owner or representative of other beneficiaries’ interests, additional documentary confirmations are required. The available information allows tracing corporate connections but does not provide grounds to automatically equate participation in joint ventures with proven wrongdoing.