The SSU documented the criminal activity of a russian billionaire Sergei Kabargin, involved in financing russia’s armed aggression against Ukraine.

Since russia launched its full-scale invasion, Kabargin had been using a scheme that allowed him to transfer billions of rubles to the russian budget.

For this purpose, the oligarch used Kirovohradske Rudoupravlinnia, a joint-stock company in Ukraine under his control, which extracts rare clay, including refractory clay.

This material is a necessary component for construction and repair of process premises at potentially hazardous industrial and energy facilities.

On Kabargin’s instructions, the rocks from the Ukrainian enterprise were supposedly supplied to third parties, although they actually ended up in business entities of Rosatom and Lukoil.

The billionaire delivered the cargoes through his company in russia - Borovichi Refractory Plant.

In addition, Kabargin sent a significant amount of building materials made at this enterprise of Ukrainian raw materials to russian troops at the front for construction of fortifications.

Based on the evidence collected, SSU investigators notified the russian entrepreneur of suspicion under Article 110-2.4 of the CCU (financing actions committed with the aim of forceful change or overthrow of the constitutional order or seizure of state power, change of the boundaries of the territory or the state border of Ukraine).

Since the suspect is in russia, comprehensive efforts are taken to bring him to justice for crimes against Ukraine.

In September 2022, following the SSU’s investigation, the corporate rights and property of russian shareholders in the ownership structure of Kirovohradske Rudoupravlinnia JSC worth a total of UAH 500 mln (USD 13.4 mln) were seized by court.

The SSU Kirovohrad Office carried out the investigation under the procedural supervision of the regional Prosecutor’s Office.