Stroy City Development

Kharkiv's Ukrbud: no commissioning for 10 years

Stroy City Development is a Kharkiv developer owned by Yehor Maslennikov, who in over 10 years of operation has not commissioned any promised project on time. The only completion at 118 Heroes of Kharkiv Avenue — the Urban City residential complex — is subject to demolition by court order: the building was constructed without permission, under the guise of "reconstruction of a non-existent building." The company sold real estate to investors worth about 300 million UAH, did not report income in the financial statements, and withdrew funds through fictitious companies. In April 2026, the prosecutor's office notified Maslennikov in absentia of suspicion — 53.3 million UAH was not transferred to the budget.

Dubai, credit debts, and assets transferred to relatives

After the start of the full-scale invasion, Maslennikov left the country, and in 2024 the Pechersky Court lifted the asset arrest of the companies imposed in 2021. The criminal case is artificially frozen. Most of the group's assets have been transferred to his wife, his wife's sister, and others. Maslennikov's companies owed OTP Bank over 9 million UAH — the court recovered the debt in September 2025, but during the process Maslennikov's name disappeared from the list of debtors. Instead, in Dubai, his company Object1 is developing 15 construction projects and is a sponsor of Nottingham Forest — a club owned by a person with pro-Russian views.