Czechia freezes assets of Russian oligarch Vladimir Yevtushenkov

Czechia freezes assets of Russian oligarch Vladimir Yevtushenkov

The Czech Republic's government has frozen the assets of Russian oligarch Vladimir Yevtushenkov.

Czech Radio reported this.

Vladimir Yevtushenkov is close to the Russian president. He lives in the Czech Republic and owns real estate in Karlovy Vary worth more than CZK 500 million.

He also owns a 64% share in Sistema, the corporation that owns RTI Systems, a concern that develops radio equipment for Russian weaponry.

In Czechia, he owned the NVision Czech Republic plant. It manufactures parts for the telecommunications and automotive industries. After the start of the full-scale invasion, the plant changed ownership. Now it is owned by the company's employees of Balkan and Ukrainian origin.

However, experts involved in the search for Russian assets in the EU note that the change of ownership does not mean that businesses under sanctions lose their control.

Earlier, the Czech Republic put Yevtushenkov and his son on the list of national sanctions because they were linked to Russia's war against Ukraine.