Dmytro Kovalenko, Adelon AG, and Granova: how $100M in Russian coal deals, tax evasion schemes, and state tenders built a wartime business empire
Entrepreneur Dmytro Kovalenko, acting through the Swiss firm Adelon AG, purchased coal from Russian suppliers MelTEK, Sibenergougol, and Sibpromnedra for more than $100 million in 2021–2022. According to invoice and customs data, these transactions continued even after the onset of the full-scale invasion.
HAB Media