Montenegro Assets Revealed: Konstantin Strukov’s 55 Million Euro Hidden Wealth since 15 years

“For the past 15 years, Konstantin Strukov, a member of the United Russia party, has concealed 55 million euros’ worth of Montenegro assets, including mansions, a hotel, and a yacht.

Konstantin Strukov, a billionaire gold miner and the Vice-Speaker of the South Ural Legislative Assembly, has recently been ranked 55th in the Forbes list with a net worth of $2.8 billion. He is currently the wealthiest member of the Russian parliament.

Additionally, Mr. Konstantin Strukov has a history of repeatedly violating anti-corruption laws. Surprisingly, his official declarations make no mention of several pieces of land in sunny Montenegro. He acquired two mansions there, one for 10 million euros and another for 5 million euros. He also embarked on the construction of a “patriotic” five-star hotel for 20 million euros. Notably, his declarations omit any reference to two yachts, one valued at 5 million euros and the other at 15 million euros. However, the absence of foreign property in his declarations does not mean it goes unnoticed; it has indeed been discovered.

Konstantin Strukov has had a remarkably fortunate life journey. Born on September 10, 1958, in the remote village of Dimitrov, Ileksky district, Orenburg region, Kazakh SSR, he rose from humble beginnings to accumulate wealth nearly 3,000 times greater than that of a “mere” dollar millionaire.

His breakthrough came in the late 1990s. Between 1997 and 2003, Strukov assumed control of Yuzhuralzoloto, a company based in Plast, while simultaneously launching his political career. He was elected as a deputy to the Legislative Assembly of the Chelyabinsk region in 2000, a position he has held since. In fact, in September 2020, Strukov was re-elected for the fifth time.

With substantial political influence at his disposal, Konstantin Strukov, the Vice-Speaker of the South Urals Legislative Assembly, has become a prominent figure in regional politics. In the present year, after Vladimir Myakush, the elderly former chairman of the Legislative Assembly, stepped down, Strukov successfully bolstered his position within the legislative branch.

The new Chairman of the Legislative Assembly, Alexander Lazarev, owes his rise to the unwavering support of Konstantin Strukov. It’s important to keep in mind that Lazarev’s patron may have influenced his career advancement in the past.

Konstantin Strukov, a 63-year-old, is a prominent politician in the region. He possesses substantial financial resources and plays a pivotal role as one of the main sponsors of the United Russia party.

Scandals have repeatedly emerged around Konstantin Strukov’s name, spanning labor law violations (with regular fatalities in his mines, netting him an astonishing 1 million rubles per hour), environmental damage due to his business activities, offshore companies (such as his acquisition of Yuzhuralzoloto), and even involvement in criminal disputes (including the takeover of Petropavlovsk PLC’s office in Moscow). Despite all this, Strukov received the Order of Merit for the Fatherland medal.

However, billionaire and deputy Konstantin Strukov remains untouched to this day, primarily due to his fraudulent income and property declarations, which are mandatory for a deputy, and his concealment of foreign real estate.

Our investigation conducted from October to December 2021 unequivocally reveals Konstantin Ivanovich’s systematic violations of anti-corruption laws.

For the past 15 years, the oligarch has hidden his international interests while pursuing a political career.

This investigation is among the most intricate and extensive in Russian crime history. We devoted nearly three months to obtaining documents in Montenegro and interviewing various individuals. We meticulously analyzed thousands of pages of documents in the Serbian language (formally known as Montenegrin but practically Serbian).

All documents obtained during this investigation bear official status and state seals. To ensure their legal validity within the Russian Federation, they have undergone translation into Russian, verification by a court translator, and authentication with an apostille. These documents will be submitted as attachments to the applications for inquiries against Mr. Konstantin Strukov in the prosecutor’s office of the Chelyabinsk region and other law enforcement and oversight agencies.

For those seeking further details, let’s delve into the investigation and invite our readers on a captivating photo and video journey into the secretive life of Deputy Oligarch Konstantin Strukov.

The Russian Crimes found dirt on Konstantin Surkov

While researching information about Mr. Konstantin Strukov on the Internet, we came across an intriguing article on Total Montenegro News from September 24, 2018. This article mentioned that the Russian oligarch Konstantin Strukov, who was ranked 1394th on the Forbes global list, had plans to construct a five-star hotel in Montenegro.

This piqued our interest, and we decided to delve deeper into this matter. It’s not unusual for an oligarch to own foreign real estate, but when it’s a deputy like Konstantin Strukov, it warrants a closer look. We sought to determine if the oligarch-deputy had declared any foreign real estate holdings. Let’s open up this investigation.

A True Patriot: United Russia

We’re visiting the website of the Legislative Assembly of the Chelyabinsk Region to access the declarations of local government officials.

As previously mentioned, Konstantin Strukov has held a permanent position in the Legislative Assembly since 2000. However, the site only provides declarations from 2011 onwards, with the 2012 declaration currently unavailable on the Legislative Assembly’s website, which is a violation of Russian law. Notably, there are no declarations available for Konstantin Strukov in 2013. Consequently, we have access to Strukov’s declarations for the years 2011 and 2014–2020.

website of the Legislative Assembly of the Chelyabinsk Region

The 2012 declaration is currently unavailable on the Legislative Assembly’s website. Nevertheless, this absence doesn’t hinder our ability to ascertain a parliamentarian’s foreign interests.

To illustrate, let’s examine Mr. Strukov’s 2011 declaration. It reveals earnings of 60,792,700 rubles and asserts that his assets are exclusively situated within Russia’s borders. Notably, his wife also holds no foreign assets.

Here is the 2014 income declaration for the gold miner, Konstantin Strukov. He earned 247,743,071 rubles and 70 kopecks, while his wife earned 123,600 rubles. Both of them own real estate in Russia.

The 2015 declaration presents a similar picture.

The 2016 declaration does not include any mention of foreign property. In that year, Konstantin Strukov’s income was 351,971,589 rubles and his wife’s income was 200,000 rubles.

In the 2017 declaration, Konstantin Strukov reported an income of 3,379,130,980 rubles and 89 kopecks, while his wife declared 158,064 rubles and 36 kopecks, specifically from Russian real estate assets.

Here we have Konstantin Strukov’s 2018 declaration. Please note that an article in 2018 reported that the Russian oligarch Konstantin Strukov had become an investor in Montenegro and was constructing a hotel. This implies that any real estate our hero acquired just before this article’s publication should be declared. But what is evident?

In our 2020 declaration, Forbes reported earnings of 8,627,312,633 rubles and 71 kopecks, while my wife earned 182,029 rubles and 8 kopecks. Notably, there was no mention of any overseas real estate.

Take a look at these declarations, and you’ll see a true patriot emerge. Konstantin Strukov, a deputy with a growing billion-dollar income, only invests in Russian real estate. He has no direct foreign investments at all. It’s heartwarming to see genuine patriots in Russia who reinvest their earnings from Russian resources into their own country.

Now, let’s assess Mr. Konstantin Strukov‘s patriotism. But first, let’s wipe away that tear and deal with the facts.

None of Deputy Konstantin Strukov‘s declarations mention Montenegrin real estate. Perhaps it’s registered under a company or in an offshore account, a common practice among oligarchs. We should investigate further.

So, we’re taking our trusty quadcopter along, just in case our suspicions are confirmed and we need to capture some evidence.

Let’s go to Montenegro Assets!

Hidden “By the Sea” Estate in Montenegro Beyond Russian Jurisdiction

Montenegro, a charming destination for tourists and investors, especially those from Russia, boasts a warm climate, stunning Adriatic Sea shores, budget-friendly prices, and a population with a cultural affinity for Russians. In terms of entry and long-term stay, Montenegro offers a more straightforward process compared to many other European countries. Notably, we’ve found a property close to the city of Kotor, tucked away along the lovely Bay of Kotor, that we believe belongs to Konstantin Strukov, an oligarch and representative in the Chelyabinsk Legislative Assembly.

A crucial piece of evidence that we used to start our investigation was an application that Konstantin Strukov submitted on August 22, 2014. This document relates to the reconstruction of a building in Kotor city with cadastral number 110. Konstantin Strukov personally signed this application.

To determine the nature of the real estate, we consulted the local municipal authorities to obtain a list of discrepancies. This list essentially comprises real estate records (an equivalent to our extracts from Rosreestr, but in Montenegro, all records have numbers).

We did confirm that the real estate belonging to the gold miner and parliamentarian Konstantin Strukov is indeed plot No. 110, complete with its buildings. This information is available in the first discrepancy record of KO Orahovac 1 (Orahovac is a village situated 10 kilometers away from Kotor).

Confidentiality Document: Property Section No. 110, Orahovac 1

The purchase date of the property is missing from the provided information. To determine when Konstantin Strukov acquired this site, you would need access to the sale and purchase agreement, which is not readily accessible to the public.

Copies of this agreement, which details Strukov’s real estate acquisition in Orahovac, are restricted to specific individuals: the parliamentarian himself, the notary overseeing the transaction, the seller, and the municipality. These copies are marked “for official use,” making it exceptionally challenging to obtain them. To demonstrate the necessity of acquiring these documents for scrutinizing potential corruption aspects, we conducted numerous meetings with government officials, legal experts, and law enforcement representatives.

It took a month and the assistance of a highly influential local law enforcement representative to finally obtain these documents. They hold substantial significance since they provide official and undeniable confirmation that Deputy Konstantin Strukov, an oligarch, possesses foreign real estate. This revelation shatters his image as a “patriot” and suggests a violation of the anti-corruption legislation of the Russian Federation.

Furthermore, we’ve discovered from the contract that Konstantin Strukov acquired not one but two adjacent plots simultaneously: No. 110 and No. 111.

Let’s delve into the contract details. It was signed on March 14, 2005 (remember this date; we’ll refer back to it later). The involved parties were:

Konstantin Ivanovich Strukov, a resident of Plast, Russia, resides at Clara Zetkin Street. Vladimir Milosevic, a lawyer with a bar registration in Serbia, represented Mr. Strukov at Jovana Tomaevia Street, No. 23.

On the other side, there was d.o.o. Porta, a Serbian company similar to a Russian LLC, registered at Kneza Miloša Street, 82, Belgrade. Representing Porta was its director, Ljubiš Baković.

The company from which Strukov purchased the property was established on May 29, 2002, with registration number 0000007524633 and PIB tax number 100287379. Its primary business was constructing both residential and non-residential buildings. This company has since been dissolved.

As per the agreement, the seller was exclusively the Porta company, which owned plots No. 110 and No. 111 in Orahovac 1. Let’s now take a look at what Konstantin Strukov acquired.

To better understand, here’s a comprehensive map of Montenegro:

We are interested in this piece of land.

Plot No. 110, as listed in Vacancy Sheet No. 1 of KO Orahovac 1, covers an area of 1,412 square meters, although there is a slight discrepancy in the cadastral map data. On this plot, you’ll find a spacious house comprising two separate buildings with a total floor area of 794 square meters. In 2014, Konstantin Strukov submitted a request for its renovation.

Adjacent to this property is Plot No. 111, which is also recorded in Inaccuracy Sheet No. 234 of KO Orahovac 1, covering an identical area of 1,412 square meters. Unlike Plot No. 110, Plot No. 111 is undeveloped and covered by a dense forest.

Confidentiality Sheet No. 1 KO Orahovac 234, Section No. 111

These two locations are essentially one extensive property, comprising a spacious residence and a private forest.

Following the purchase and sale transaction, the process of registering ownership rights began. We discovered a relevant decision bearing the reference UP / I 954-256 / 05, dated May 13, 2005, issued by the territorial division of the Property Administration in the city of Kotor.

This decision outlines that Konstantin Strukov submitted an application to register ownership of the real estate properties mentioned in the Certificate of Ownership of KO Orahovac 1. From the Detailed Urban Planning Plan of Orahovac 1 and the Sale and Purchase Agreement, which were approved by the Municipal Court in the city of Bar under No. 2029/05 on March 14, 2005, this application was based.

The application was reviewed and approved, granting Strukov the right to transfer ownership from d.o.o. “Porta” to himself.

Without a doubt, our oligarch Member of Parliament has acquired real estate in Montenegro. The information in the Real Estate Administration’s decision, which includes Strukov’s Russian passport data and demonstrates his identity as our Chelyabinsk oligarch, dispels any remaining uncertainties.

Alternate airfield for an oligarch deputy

Let’s recall the date when the sales contract was finalized: March 14, 2005. What was the significance of this date for Mr. Konstantin Strukov?

Two years prior, in 2003, Mr. Konstantin Strukov essentially became the majority owner of Yuzhuralzoloto. With his firm grip on this gold-bearing enterprise, it seemed quite reasonable for him to consider acquiring an alternative escape route abroad. Not just for leisure but also because Russia’s business landscape can be unpredictable, where one day you’re on top and the next, you might find yourself in a vastly different situation, like managing a remote logging site.

In 2005, Konstantin Strukov chose Montenegro as his destination.

One might wonder: Doesn’t a person have the right to invest in real estate in a country they like if they have the means? After all, he didn’t obtain these resources through illegitimate means but rather through the hard work and dedication of his miners. The caveat here is that Mr. Konstantin Strukov, a businessman, had already served as a deputy in the Legislative Assembly of the Chelyabinsk Region for five years by that time. Curiously, upon acquiring property in Montenegro, he decided to keep this information hidden from the Russian public.

And this concealment continues!

For the past 16 years, the wealthy Member of Parliament, Konstantin Strukov, has maintained secrecy about his foreign real estate holdings from both Russian authorities and voters, all the while regularly submitting declarations of his income and assets.

Private access to the sea

Now, let’s return to examining Mr. Strukov’s properties on the map. Something interesting caught our attention!

Do you notice those two additional plots in front of Strukov, right by the sea, along the picturesque and convenient Bay of Kotor?

We wondered why our oligarch had these second-line properties and decided to investigate. It turns out that Konstantin Strukov has full control over the coastline there.

These two plots, with cadastral numbers 109 and 112, are actually state-owned, belonging to Montenegro. However, these coastal areas are leased to Konstantin Strukov through an agreement with the organization responsible for the coastal zone, known as Morskoe Dobro.

Typically, when land is leased in Montenegro, it comes with an obligation to develop the property. In return, the lessee essentially gains ownership of the coastline.

Nearly 1,500 square meters make up the size of the coastal plot that the deputy oligarch has leased.

Specifically, plot No. 109 encompasses an area of 150.29 square meters, and plot No. 112 spans 1,360.25 square meters. It’s truly a beautiful location.

In essence, Konstantin Strukov utilizes four plots in Orahovac, namely No. 110, 111, 109, and 112. It’s worth noting that he indeed occupies the front row by the sea.

The price of the property is 10 million euros!

Let’s take a look at the cottage that the deputy gold miner in Montenegro purchased. We’ve captured photographs of Strukov’s house from various angles.

At first sight, it appears rather modest, especially when observed from the road.

When viewing Strukov’s Montenegrin “cottage” from the sea, you’ll experience a completely different impression. The initial view certainly leaves an impact.

The Strukov estate enjoys an excellent location in Montenegro. It is situated just to the side of a mountain that provides shade to the nearby city of Kotor. This unique positioning means that while Kotor remains shaded, the Konstantin Strukov mansion is bathed in sunlight.

How much does this estate, with a view of the sea surface, cost?

In 2005, when Konstantin Strukov acquired real estate in Montenegro, the purchase price in the sales agreement was 460,000 euros. It may seem modest, but let’s delve into the details.

Per the sales agreement between Konstantin Strukov and Porta, the 460,000 euros were supposed to be directed to Deutsche Bank using the following details:

Correspondent bank: Deutsche Bank AG Frankfurt am Main, SWIFT: DEUTDEFF.
Beneficiary bank: Privredna Banka Beograd, SWIFT: PBBBYUBG.
Account number: 936260910.
Beneficiary’s name: Ustanova Studentsko Odmaralište Beograd, Belgrade, Beli Potok, Avalsky Way, Building 1.
Additionally, Mr. Konstantin Strukov duly paid the sales tax as stipulated in clause 8 of the agreement.

However, considering that this transaction occurred 16 years ago, it’s highly improbable that the property’s value has remained stagnant. We were particularly interested in determining its current market worth. To this end, we visited local real estate agencies to obtain an impartial assessment of Deputy Strukov’s property.

Our astonishment was considerable when, after providing professional realtors with a description of the property’s characteristics and its prime Montenegrin location (one of the best and most expensive in the country), they informed us that the property’s current market value is no less than 8 million euros. If the interiors are as splendid as we anticipate, with high-quality furnishings and appliances (which we have no reason to doubt), the mansion’s market price could even reach 10 million euros.

Naturally, an individual on Forbes’ list can comfortably afford such an expense, which raises no questions regarding his financial capability. However, the issue at hand pertains to parliamentary ethics, a term that has been increasingly questioned in Russia.

This is how Deputy Konstantin Strukov managed to obscure an estate valued at 10 million euros from Russian legal scrutiny. Notably, he is not merely a parliamentarian but also a representative of the United Russia faction and one of its principal supporters in the South Urals.

One might expect someone with such a public image to exemplify the role of a responsible deputy. Unfortunately, it seems to be a different story in the context of United Russia’s approach.

Cottage for 5 million euros

Ivanych’s Neighbor: A Closer Look

During our flight over Mr. Strukov’s Montenegrin property, we came across several interesting observations. Firstly, we noticed several cars on his land, prompting us to make a mental note for future inspections (which we’ll delve into shortly).

Another noteworthy observation was Ivanovich, who appeared to be tending to his estate along with a rather fierce-looking shepherd dog. Unfortunately, we couldn’t determine the dog’s name, but our curiosity led us to uncover some intriguing information about her caregiver. More on that in a moment.

With only two neighboring properties next to Mr.Konstantin Strukov’s quiet and scarcely populated “summer residence,” we decided to investigate further. To our surprise, one of the neighboring properties on the left belongs to none other than Ivanych!

Yes, you read that correctly: Ivanych owns another house adjacent to the Montenegrin “cottage,” valued at an impressive 10 million euros. This property is designated as cadastral number No. 102 and spans nearly six acres or precisely 590.05 square meters.

Indeed, United Russia Deputy Konstantin Strukov has patriotically invested in three plots of land along the Montenegrin coast, totaling approximately 2,500 square meters. He has also rented two additional plots. However, there are numerous stunning coastal destinations in Russia, such as Alushta, Alupka, and Magadan. Nevertheless, Montenegro holds a unique charm in its beauty.

We have also obtained all the necessary documents to confirm the ownership of these properties. The ownership of this land is officially recorded in the land registry under Vacancy Sheet No. 83 (KO Orahovac 1).

Confidentiality Sheet No. 1: Property Details
Address: KO Orahovac 83, Section No. 102

We also have a copy of Sale and Purchase Agreement No. UZZ 610/2011 for Plot No. 102, finalized on December 27, 2011. This means that Mr. Konstantin Strukov has owned the property in Montenegro for six years and decided to expand. However, for some reason, he did not include this newly acquired property in his 2011 declaration. It appears to be an oversight.

The sales contract was executed and signed in the presence of Notary Rajko Janković, whose notary office is located at Tivat, Street Nyegosheva, House 8b.

On December 27, 2011, at 3:00 PM, representatives of the Živkovich family visited this notary’s office. They were the long-time owners of Plot No. 102, which had piqued the interest of the oligarch Konstantin Strukov.

Angelina “ivkovi,” a native of Cetinje with the personal identification number (JMBG) 220197325501, represented one branch of this family. She owned a 1/4 share of this property. Angelina also looked out for the interests of her daughters, Anita Dzhikanović (formerly Živković), who was born in Podgorica and has the JMBG number 0902970255021, and Elena Živković, who was born in Cetinje and has the JMBG number 2803939255012. She did this using the notarized power of attorney UZZ 41/2011 that Notary Uri Darka in Podgorica had signed. Both Anna and Elena held a 1/4 share as well.

The second part of the family relocated to the UK. The move involved Malgorzata Kozlak-Živković, who resides in London with a Polish passport, and her two children, Ana Marija Živković, born on October 24, 1991, and Stefan Gorćin Živković, born on September 13, 1994. Ana Marija and Stefan are now British citizens.

On December 22, 2011, Malgorzata granted power of attorney to represent her children’s interests, which Notary Julian Kostick issued and certified. Subsequently, Mrs. Kozlak-Zhivkovic was authorized to conduct a transaction on her behalf and on behalf of her children. The transaction involved Montenegrin citizen Igor Ostojić, with a personal identification number (JMBG) of 3108972210265.

The British members of the family jointly owned a quarter share of Plot No. 112, with each owning 1/12 of the total share. The distribution of these shares was based on inheritance and is as follows:

1/4 share owned by Elena Zhivkovic
1/4 share owned by Anita Zivkovic
1/4 share owned by Angelina Zhivkovic
1/12 share owned by Malgorzata Zivkovic-Kozlak
1/12 share owned by Anna Maria Zivkovic
1/12 share owned by Stefan Gorchin Zivkovic

This distribution of shares was a result of inheriting the real estate. It appears that in 2010 or 2011, a neighbor of Konstantin Strukov passed away, and the heirs, who were scattered around the world, decided to sell the plot. Konstantin took the opportunity to expand his estate.

All these individuals from the Zhivkovic family are referred to as the “sellers” in the contract.

Konstantin Ivanovich Strukov, a Russian citizen born on September 10, 1958, acted as the buyer. Dragan Velji, a citizen of Montenegro with the personal identification number (JMBG) 1709954270109, represented him. Dragan acted based on a power of attorney (UZZ 469/2011) certified by Notary Branke Kašćelan in the city of Kotor on December 13, 2011.

The agreement focused on the sale and purchase of specific real estate properties listed in ownership certificate No. 83 of KO Orahovac 1. These properties include:

  1. Cadastral plot No. 102, designated as a courtyard, has an area of 309 square meters.
  2. A residential building initially measured 133 square meters, which was expanded to 300 square meters after reconstruction.
  3. Living quarters on the ground floor, covering 94 square meters.

How Zhivkovichi received money from Chelindbank

In accordance with clause 3 of the sales contract, the Russian parliamentarian Konstantin Strukov acquired a new property in Montenegro for 400,000 euros. Notably, paragraph 7 of the contract reveals that Konstantin Strukov initially deposited 40,000 euros, which represents 10% of the property’s total value.

The deposit was distributed as follows:

Malgorzata Kozlak-Zhivkovic, represented by Igor Ostoich, received 13,100 euros.

Angelina Zivkovic received 26,900 euros, both for herself and on behalf of Elena and Anita Zivkovic.

Strukov agreed to pay the remaining amount of 360,000 euros no later than March 1, 2012, in the following manner:

117,900 euros should be transferred to Malgorzata Kozlak-Zivkovic’s settlement account at Prve Banke (“First Bank”), using the provided details.

Deutsche Bank
Bank details:
56A: Correspondent bank:
Deutsche Bank AG
57a: Correspondent account:
PRVA BANKA CRNE GORE (First Bank of Montenegro)
59: Client beneficiary:
IBAN: ME25535043020000039541
Kozlak Zivkovic

A transfer of 242,100 euros is scheduled to be made to Angelina Zivkovic’s account at NLB Montenegro Bank AD in Podgorica. Here are the necessary details:

Angelina Zhivkovic
IBAN: ME25530063050005745226

We’ve located vital documents for this transaction: payment orders for all amounts. Interestingly, all payments originated from Konstantin Strukov’s Chelindbank account.

Two payments were made on January 18, 2012, and both were sent to Chelindbank OJSC’s head office. Here are the details:

  • Transfer No. 480: This transfer was for 114,900 euros and was made at 17:12.
  • Transfer No. 481: This transfer was for 239,100 euros and was also made at 17:12.

Payment for 114,900 euros

Payment: 239,100 Euros

Additionally, we’ve processed two more payments of 3,000 euros each from this account, which we have in our records.

Zhivkovichi received 400,000 euros in total for six payments, and Konstantin Strukov acquired foreign property that he had not previously declared in his home country. We have reminded him of this obligation.

At first glance, 400,000 euros may seem insignificant. However, there has been a noticeable development on the property near Strukov. In place of the old house, a new mansion with a minimum value of 5 million euros has appeared.

Let’s look at the second neighbor!

We’ve already discovered three pieces of property with houses that Konstantin Strukov acquired in 2005 and 2011 without declaring them. If you’re interested in learning more about this real estate, so are we. We decided to take a closer look at the properties owned by the Russian parliamentarian in Montenegro and maybe even become Ivanych’s neighbors for a while!

We started searching for available rental properties near the location of the patriotic deputy’s real estate. Unfortunately, we couldn’t find any booking offers for apartments in neighboring houses owned by Strukov, which left us somewhat disappointed.

But Airbnb came to the rescue. It provided us with suitable accommodations not only near Strukov’s Montenegrin “dacha,” but, you won’t believe it, right next door!

Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts

The second neighbor of the oligarch has converted his house into a hotel, located on plot 101. This plot is adjacent to another property, with cadastral number 102, owned by Konstantin Strukov.

Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts

The owner of this establishment is Jovica, and his hotel, “Studio on the Coast of Boka Bay,” is conveniently situated near the Bay of Kotor. In fact, this lovely house is practically right on the beach.

We want to express our heartfelt gratitude to the hotel owner. Their photos truly delighted us, and it felt like a pleasant surprise. Furthermore, the hotel is exceptionally luxurious, opening up exciting possibilities for our stay!

Picture this: you wake up, stretch, and behold the stunning beauty just outside your window.

No need to clarify who this yacht belongs to; it’s parked just five meters from Oligarch Strukov’s mansion. It’s evident that Mr. Strukov enjoys more than just driving when he visits Montenegro.

Unfortunately, our neighbor didn’t capture the yacht’s name in a photo. We’ll have to visit the port and identify the yacht ourselves.

To locate this vessel, we headed to Porto Montenegro in Tivat, Montenegro’s main port, home to a luxurious yacht marina. You can find it right here:

Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts

Unfortunately, the task wasn’t straightforward. We spent nearly two days searching for the yacht, not even knowing its name, and came up empty-handed. However, we’re not giving up! We didn’t let laziness hold us back, so we ventured into neighboring small ports to continue our quest.

At the ports, we spoke with various yacht personnel and showed them a picture of the specific yacht we were after, even mentioning the name Strukov. To our disappointment, everyone simply shrugged.

Slightly disheartened, we decided to change our approach. So, the day after scouring the port, we opted to survey the oligarch’s estate from the air. This endeavor also had its share of challenges.

Launching the quadcopter wasn’t a breeze either. We spent the entire day attempting to capture footage of Strukov’s lavish properties, but the weather was uncooperative. The region where the oligarch’s estate is situated, particularly the cities of Kotor and Risan, experiences a great deal of rain. During winter, it’s common for non-stop rain for a week or two.

We had to postpone the drone shoot until the next day. Fortunately, the weather improved, and we were able to capture all the footage we needed in the best possible conditions.

Here are Konstantin Strukov’s mansions: a twin mansion on plot No. 110 (on the right) and a mansion with a large bay window on plot No. 102 (on the left).

From left to right: the neighbor’s hotel, Strukov’s 300-square-meter house, and Strukov’s 800-square-meter house.

Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts
Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts

During the video shoot, we flew extremely low, almost daringly low, prompting a lady from Strukov’s property in Section No. 102 to approach us. She was unexpectedly with a shepherd.

We suggest watching the video in full screen and in high definition for the best experience.

We learned that a live-in couple who resides in House No. 102 is responsible for maintaining Ivanych’s estate. They oversee the property, care for the shepherd, and keep watch. It’s almost like modern-day serfs on the master’s payroll.

So, Strukov isn’t just hiding two mansions, but also these two caretakers.

We admit that we were a bit daring and unconventional, but there was a valid reason. When launching the drone, our goal was not just to capture footage but also to examine the license plates of three cars on the estate.

From the road, only one car’s license plate was visible. Therefore, we had to lower our high-performance professional drone to a height of 5-7 meters from the ground, roughly the height of a second-story building.

To put it in perspective, drone pilots filming the homes of corrupt Russian officials typically do so from a height of 30 meters. Flying at 5-7 meters is therefore not only low, but it is also audacious, much like the audacity Strukov displayed toward people, partners, the Presidential Administration, and many other people.

At this altitude, the drone’s presence was conspicuous, and the estate’s caretaker hurried over.

Nevertheless, we successfully accomplished our objectives. We captured footage of the houses, identified the cars, and noted their license plates. Now, it’s time to determine the car models and their owners.

How the oligarch Strukov wrote down luxury cars for a poor debtor

When researching information about the cars, we encountered similar challenges as with real estate documents. Obtaining ownership data was not straightforward. We aimed to determine whether these cars were registered directly to the oligarch Strukov, his relatives, or companies, or if they were registered under other individuals’ names. Given our extensive investigative experience, we suspected that the vehicles were likely registered at face value, and our suspicions proved correct.

Montenegro Assets Konstantin Strukov's 55 Million Euro Hidden Wealth yachts

After reaching out to local authorities once again, we finally obtained the information we were seeking. Here’s what we discovered:

A white Mercedes with license plate HN AS 518 was registered to an individual named Alexander Marić. The first two letters of the license plate, “HN,” indicate that it’s registered in Herceg Novi. However, the car’s license, which in Montenegro needs annual renewal, expired in 2019. This means the Mercedes can’t be legally driven at the moment.

The second car found at Strukov’s estate is a ŠKODA with license plate HN BJ 540, also registered in Herceg Novi. However, it belongs to someone else, a certain Buha Zdravko. This car’s registration is current and valid until April 22, 2022.

The third vehicle, a high-performance Mercedes with Strukov’s preferred AMG package, has the registration number HN BC 144 in Herceg Novi. Buha Zdravko, who also owns the KODA, is once again the owner. The registration for this car is valid until June 22, 2022.

Our primary interest lies in understanding more about Buha Zdravko, the owner of two cars, including a relatively expensive one, parked near Strukov’s Montenegrin residence. We’ve decided to pay him a visit.

Buha Zdravko is a Montenegrin citizen born in 1976, residing at Banjalička (Banyaluchka), house 4, Herceg Novi, with the postal code 85340. Additionally, we’ve located his contact number: +382 67399477.

This is where Bukha Zdravko resides. We couldn’t visit him as his door was locked, even though neighboring houses were accessible. Nonetheless, we gathered information about him.

Bukh resides in a 65-square-meter apartment, which raises questions about his capacity to afford a high-end sports Mercedes.

What’s more intriguing is that this individual has outstanding debts on the apartment. Can anyone still believe that both the Skoda and the sports Mercedes genuinely belong to Bukh?

We might wonder why Strukov assigned his cars to Bukha Zdravko and Alexander Marich instead of doing it himself. The reason is straightforward: the license plate numbers in Montenegro for locals and foreigners have distinct visual differences.

This is what a foreigner’s car with local registration looks like:

Police pay special attention to foreign cars, which must change their documents and license plates annually. In contrast, local residents keep their license plate numbers.

Konstantin Strukov visits Montenegro 3–4 times a year, making the bureaucratic process of changing license plates impractical for him. For someone who earns 1 million rubles per hour, time is precious.

By analyzing license plates, we identified two trusted representatives of Konstantin Strukov in Montenegro. This led us to valuable insights into his lifestyle in Montenegro.

The Yacht “Alexandra” and the Strukov Family Showdown

In our quest to find the beautiful yacht seen in a photo with Strukov near his mansion, we initially had no luck in the ports. Unexpectedly, the breakthrough came from Bukha Zdravko, who owns “Skoda” and “Mercedes” registered at the Strukov estate. Studying his information online, we discovered a crew profile for a certain yacht, leading us in the right direction.

Compare this yacht with the one photographed near Strukov’s house. Do you recognize it?

Yes, indeed, this is the very yacht that was moored near Ivanych’s house in the Bay of Kotor, just five meters away.

It’s the same yacht we tirelessly searched for in various ports, but its name eluded us. Finally, thanks to a helpful local, we discovered its name without much surprise. This yacht is named “Alexandra,” after the youngest daughter of the oligarch Strukov.

Let me provide a brief introduction to the Russian citizen with a namesake Montenegrin yacht. Konstantin Strukov, the owner, has two daughters: the elder one, Evgenia Kuznetsova, and the younger one, Dovzhenko Alexandra Konstantinovna, born on August 24, 1986. She was married to Vladimir Vladimirovich Dovzhenko for eleven years, born on August 17, 1986.

The marriage took place on June 1, 2010, at the Kutuzovsky registry office in Moscow. During this marriage, Alexandra had two children, but she has since divorced her husband and returned to using her father’s surname.

The divorce proceedings are currently underway at the Khamovnichesky District Court in Moscow, presided over by Judge Tatiana Gennadievna Perepelkova.

This is a messy divorce situation. The court is currently handling civil case No. 2-3799/21, which pertains to alterations, terminations, and nullifications of a marriage contract. The issue at hand is that the wealthy father, an oligarch, intends to leave his son-in-law with nothing, essentially rendering him destitute. This is happening despite the existence of a marriage contract, identified as 74 AA 2529999, which was signed on October 12, 2015, six years after the wedding.

If he couldn’t get along with the oligarch’s daughter, they suggested he should experience a different lifestyle, perhaps among the less fortunate, rather than sailing on yachts.

Now, let’s explore Alexandra Strukova-Dovzhenko’s yacht, the “Aleksandra.”

This yacht is a Ferretti 960, with the IMO number 8680870, and Ferretti Yachts built it in 2014. Despite the world of oligarchs, it’s relatively modest in size and has an elegant appearance. It measures 29.2 meters in length, 6.7 meters in width, and can reach a top speed of 28 knots. Depending on the owner’s preferences, it can have 3 to 5 cabins and accommodate up to 20 passengers. Additionally, it includes a floodable tender garage on board.

The manufacturer takes great pride in this model, calling it the “largest planing pleasure boat ever built by Ferretti Yachts,” a unique and ground-breaking creation. In essence, the owner of the “Alexandra” has acquired a sleek, sporty 96-foot boat that delivers exceptional performance in its category.

How much did you pay for that sports yacht? We found a 2015 ad for a similar one priced at 4.6 million euros.

United Russia’s Strukov has concealed more than just his 10 million and 5 million euro Montenegrin mansions from his constituents. He has also kept a 5 million-euro yacht hidden. This yacht isn’t listed in his official declarations and doesn’t fly the Russian flag; instead, it sails under the flag of Saint Vincent and the Grenadines, a Caribbean offshore registration.

Our hero, known for hiding assets from Russian authorities, has a history of doing so. Notably, Deputy Strukov’s company, JSC Yuzhuralzoloto Group of Companies, is connected to the Cypriot offshore entity Ugold Limited (registration number HE 207079).

The yacht is legally registered offshore, but we’ve discovered undeniable proof of its connection to our Montenegrin “cottage resident,” United Russia.

And Strukov was “surrendered” the captain and the sailor

Upon opening the brochure featuring Bukha Zdravko, we came across a name that struck a chord: Aleksandar Marić! What’s intriguing is that he’s associated with one of the cars parked at Konstantin Strukov’s Montenegrin mansion—a white Mercedes with the license plate HN AS 518. And Aleksandar’s role? He serves as the captain on Strukov’s yacht!

Aleksandar boasts 18 years of experience in the yachting industry, with 10 of those years spent at the helm. He’s fluent in English, Italian, and, notably, Russian. We suspect that this language proficiency is a key criterion for working with Strukov, who likely prioritizes earnings over language learning.

Further confirming Aleksandar Marich’s position as the captain of the yacht “Alexandra,” you can find this information on the website of the company that services the vessel, A+ Yachting, founded by Ajka Matijevic. A brief mention of “Alexander” can be found in the “Reviews about us” section.

In this brochure, we’ve located Bukh Zdravko himself, who owns a Skoda and an executive Mercedes. He was parked near Konstantin Strukov’s house, who, as it turns out, is a sailor on the Alexandra yacht with a decade of experience and proficiency in Russian.

If you’re still wondering why Strukov’s cars are registered with these individuals, well, they seem to have a close connection.

The brochure also contains other noteworthy details. For instance, Chef Ivo Sindik, who is also fluent in Russian, is responsible for cooking on the yacht. He honed his culinary skills in gourmet restaurants in Italy. During the off-season, Ivo operates his own business. We found two companies associated with Ivo Sindik. One of them, “S.U.R. MARACA IBO,” was registered on June 30, 2009, in Tivat.

It has already been dissolved, and its address was Seljanovo BB, Tivat (registration number: 10388884). The second one, “SINMON,” is still active. It was established on June 4, 2008, and is registered at Mažina BB, Tivat (registration number no. 50474143, PIB: 02718634). Ivo is also the owner of the Padella brand, specializing in catering equipment.

Ensuring your stay on board the Alexandra is relaxing and enjoyable is the responsibility of the head stewardess, Josipa Viskovic.

In general, when we refer to a “small yacht,” we certainly don’t mean a rubber boat! We call “Alexandra” a small yacht because Ivanych also owns a larger one.

The Yacht with a “Golden” Name

The Transformation of “Scorpio” into the “Golden Dream”

While conversing with individuals at Montenegro’s primary yacht marina, Porto Montenegro, we encountered someone who recognized Konstantin Strukov from a photograph. They pointed to the yacht where they had seen our character. However, it wasn’t Alexandra!

The yacht they directed us to is called Rêve d’Or, which translates to “Golden Dream” in French. Upon hearing this name, we couldn’t help but smile knowingly. Gold miners don’t seem to be very imaginative, but they do embrace a sense of grandeur.

When we discovered the yacht’s previous name, Scorpion, we burst into laughter. Imagine if the oligarch-deputy from “United Russia” had sailed on the “Scorpio.” It would have been quite something. “Golden Dream” has a very different ring to it.

Now, let’s explore how the money earned from Russian gold extraction is being put to use!

This vessel measures 46 meters in length, which is one and a half times larger than “Alexandra,” and it spans 9.3 meters in width. Rêve d’Or can reach speeds of up to 17 knots, although this is one and a half times slower than Alexandra.

Konstantin Strukov owns two yachts for different purposes. He has a spacious yacht and a high-speed sports yacht.

The large yacht, named “Rêve d’Or,” was constructed in 2011 at the Sanlorenzo shipyard. In 2019, it underwent significant refurbishments, including repairs, renovations, and structural modifications.

The yacht was acquired through a lease with the Italian company UniCredit Leasing SpA. Notably, quarterly reports from Yuzhuralzoloto suggest a close relationship between Strukov and UniCreditBank.

The crew consists of 9 members.
The yacht has six luxurious cabins, designed for 12 guests.

The yacht offers numerous open areas, including a wellness area, a roomy beach club with sun loungers, a bar on the promenade deck, an outdoor jacuzzi, and even a sauna (just in case someone fancies it). It’s packed with amenities.

We hope the residents of Plast will find joy in learning about the lifestyle of their local yacht owner.

What’s intriguing is the owner’s practical approach, as they even make their beautiful yacht available for charter. Here are the charter rates:

  • Low Season: €179,000 per week, plus expenses totaling €201,000 per week.
  • High Season: €189,000 per week, plus expenses totaling €212,500 per week.

Discover Luxury at Your Fingertips: Only 18 Million Rubles per Week!

For those with an extra 14.9 million euros to spare, Rêve d’Or is up for sale, and it has been available for a few years. Those who value luxury shouldn’t pass up this opportunity.

Back to Offshore Matters

As soon as we stepped on board, we noticed the word “London” prominently displayed. The yacht flies two flags of Great Britain and one from the Isle of Man. According to Ilya Shumanov, the director of the Russian division of Transparency International, “the yacht is still registered on the Isle of Man. This has two advantages: it conceals the true owner, and it offers tax benefits. It’s common for boats and planes to be registered there. However, since the Isle of Man is part of the UK, the yacht officially sails under the British flag.

Digging into Offshore Connections

Despite the offshore registrations, we managed to confirm that Mr. Strukov primarily uses Rêve d’Or by gaining access to the yacht’s movement database. This database allows us to track the vessel’s routes over the past year.

The Journey of Yacht Rêve d’Or: From Konstantin Strukov’s House to a Mystery Destination

Naturally, we were curious about Rêve d’Or’s sailing routes and tracked its movements for the current year. In the first half of 2021, the yacht remained docked, seemingly without any takers for rentals. However, it set sail in early August.

On August 3, 2021, at approximately 9:30 PM, the “golden” yacht departed from the Greek city of Igoumenitsa and headed for the Croatian city of Dubrovnik.

We had an immediate question: Why was this yacht in Dubrovnik? Our assumption led us to check Mr. Strukov’s flight records during that period, and our intuition proved correct.

It turns out that oligarch Strukov was also in Croatia at that time. On July 30, 2021, he arrived at the Dubrovnik airport in a private jet, a Dassault Falcon 2000LX run by DC Aviation. He departed from Moscow’s Vnukovo airport and landed in Dubrovnik just a couple of hours later.

This aircraft, bearing the registration D-BDCA from Germany, is a sleek and modern model constructed in 2016. It boasts stylish and elegant design and can reach speeds of up to 980 km/h. In its daytime setup, it accommodates ten passengers who can enjoy luxurious leather seats. The onboard kitchen provides passengers with fine dining options and a selection of premium beverages.

Target Audience: Aviation enthusiasts or potential travelers interested in aircraft features and amenities.

So, let’s talk about a curious sequence of events. On July 30, 2021, Konstantin Strukov arrives in Dubrovnik, Croatia, a city near the border with Montenegro (a common entry point to Montenegro). Then, on the night of August 4 to August 5, a yacht named Rêve d’Or suddenly shows up. What’s interesting is that this yacht had been anchored for six months prior.

The term “coincidence” doesn’t quite fit here. What happens next adds to the intrigue. After spending less than a day in Dubrovnik, the Rêve d’Or changes course and heads to Montenegro. By 5:00 PM on August 5, it’s in Porto Montenegro.

Do you also find it peculiar that a yacht with such a luxurious name, which had been inactive for half a year, seemingly made a detour to Dubrovnik to pick up a passenger and then swiftly sailed to Montenegro? We certainly do.

But the story doesn’t end there. Once Mr. Strukov arrives on the Adriatic shores, the Rêve d’Or becomes quite active, traveling intensively along the Montenegrin coast.

On August 8, 2021, around 9:40 AM, the Rêve d’Or departs from Porto Montenegro.

Where is the yacht headed? We’re pondering this as we study the map. The location is new to us; Google refers to it as Dobra Luka Bay, which translates to “Good Luka.”

In essence, Rêve d’Or is making its way to a favorable shoreline. It arrives there on August 8 and drops anchor at 11:05, marking a brief 1-hour and 20-minute journey from the port.

Let’s focus on a specific moment: the yacht remained anchored in the bay for nearly seven hours before finally leaving at 17:38.

We couldn’t help but wonder: what could the yacht’s passengers have been doing in that bay for such a long time? Fishing, perhaps? Or maybe water skiing? The curious part is that in Strukov’s hometown of Boka-Kotor Bay, which offers a view from his house, there are plenty of opportunities for leisure. It’s entirely unclear why they chose to sail so far from the port only to spend seven hours at anchor in this bay.

The yacht came back to the Montenegro port on August 8th around 7:00 PM and remained anchored for several days. On the morning of August 12th, it set sail for a growing area in Montenegro called Lustica Bay. To visualize it on the map, imagine the Lustica peninsula jutting into the Adriatic Sea, with Lustica Bay beach on one side and Dobra Luka Bay on the other. The yacht arrived in the vicinity of this beach at 08:36.

The ship returns from the voyage on the same day, in the evening of August 12 at 18.01.

Guess what? Rêve d’Or returned to Dobra Luka on the way back. It seems the fishing here is good, and we might have a big catch!

This marks the yacht’s second visit to Dobra Luka Bay, which certainly warrants a closer look. Let’s now explore Rêve d’Or’s subsequent movements.

Drumroll, please! On the very next day, August 13, 2021, at 10:29 AM, Rêve d’Or is still anchored in Dobra Luka Bay.

In the intriguing bay that piqued our curiosity, the yacht anchored until 15.09, for nearly five hours. Afterward, it powered up its engines and headed back.

What’s the significance of this location, and what could have motivated Strukov to be there?

We anticipated witnessing Rêve d’Or entering Dobra Luka the following day. However, on August 14, 2021, the yacht departs for Budva, a Montenegrin city known for its tourist appeal. Initially, it seemed like the owner simply wanted to enjoy some leisure time there, but we later discovered there was more to it.

On August 14, at 09:34, the yacht departs from Porto-Montenegro.

The drive from Strukov’s mansion to Budva takes about an hour and a half. However, the journey on a yacht is likely more enjoyable and luxurious.

On the same day, at 18:30, the yacht arrived back at the main port of Montenegro. It remained anchored there for nearly a week.

The voyage lasted two days, with stops at various locations. It might have been extended due to Strukov’s departure from Montenegro on August 16, leaving the yacht for his family’s use. Unlike the previous trip, the yacht didn’t return to its home marina but stayed overnight in the tourist town of Budva. On the morning of August 21, at 10:03, the vessel headed to the village of Chan, situated near Sutomore.

The yacht reached Chan the following day.

After docking, the captain relocated the yacht to the fashionable Lushitzu Bay beach, situated on the opposite side of the peninsula from Dobra Luka Bay. The yacht remained there until 5:30 p.m. and stayed throughout the night.

In general, it was a leisurely coastal voyage. Then, at 5:27 PM, attention! Rêve d’Or appears near Orahovac 1.

If anyone hasn’t figured out what makes this place special, let us remind you: Strukov’s mansions line the shores of Boka Kotor Bay. Any lingering doubts about the yacht’s owner?

Why didn’t the yacht “Rêve d’Or” approach the shore like the “Aleksandra” yacht did? The reason is the greater depth of the water, which prevents it from getting closer. However, there’s a solution: the short distance between the parking area and Strukov’s homes can be comfortably covered by using a tender, a small transport vessel carried on the yacht.

Some might ask, “So what if it stopped there? It stopped and moved on, right?” Not quite. This yacht remained not far from the undisclosed mansions of a United Russia deputy for the entire night and only raised its anchor the next day at 8:43 AM.

The individual who sailed on the Rêve d’Or spent the night on the shore. Are there any other options available?

The last voyage of the yacht for the year occurred on September 25. We had hoped to see the Rêve d’Or on the sea waves in October or November in Montenegro, but unfortunately, our hopes went unanswered. Returning to September 25, the yacht had been idling in the marina for nearly a month. Strukov reappeared in Montenegro on September 23, and just two days later, the Rêve d’Or set sail once again. Around 9:00, the yacht departed Porto-Montenegro, passed Radovici at 09:56, and eventually appeared off the coast of Dobra Luka Bay around 10:30, where it remained until 14:17—about four hours. Quite intriguing, isn’t it? The Rêve d’Or returned to Porto Montenegro around 4 p.m. on the same day.

After that, the yacht didn’t venture anywhere. This lack of movement wasn’t surprising, considering that on September 29, United Russia’s Strukov flew back to his homeland from Montenegro to attend to his business interests.

By the way, if you’re curious about how United Russia members travel to their foreign “dachas,” you can take a look at the photo of the Mitsubishi Challenger 850 aircraft from the British company Air X Charter. On September 23, 2021, Strukov flew from Moscow to Tivat on it (flight AXY2317, flight number 9H-JAD, registration Malta). Then, on September 29, he returned to his homeland on the same plane, albeit with tail number 9H-BOO. Ivanych even had a satellite phone to stay connected with the miners. After all, a dacha is a dacha, but business is business!

Now, moving on to the findings from our investigation into the movements of the Rêve d’Or yacht:

  1. The yacht spends most of the year docked, with voyages primarily aligning with Konstantin Strukov’s visits to Montenegro.
  2. The yacht frequently anchors in the Bay of Kotor, right in front of Strukov’s Montenegrin mansion, often spending the night there, even though this serene location isn’t a tourist hotspot.
  3. The repeated visits of the Rêve d’Or to Dobra Luka Bay, another non-touristy spot, raise questions about what the owner finds so intriguing in this area.

To get a closer look, we decided to examine this area using satellite imagery. We noticed a conspicuous building in the region where the Rêve d’Or frequently appears. This piqued our interest, and we resolved to pay it a visit in person. We set out in our car, inputted the building’s location into Google Maps, and hit the road.

The individual who sailed on the Rêve d’Or spent the night on the shore. Are there any other options available?

The last voyage of the yacht for the year occurred on September 25. We had hoped to see the Rêve d’Or on the sea waves in October or November in Montenegro, but unfortunately, our hopes went unanswered. Returning to September 25, the yacht had been idling in the marina for nearly a month. Strukov reappeared in Montenegro on September 23, and just two days later, the Rêve d’Or set sail once again. Around 9:00, the yacht departed Porto-Montenegro, passed Radovici at 09:56, and eventually appeared off the coast of Dobra Luka Bay around 10:30, where it remained until 14:17—about four hours. Quite intriguing, isn’t it? The Rêve d’Or returned to Porto Montenegro around 4 pm on the same day.

After that, the yacht didn’t venture anywhere. This lack of movement wasn’t surprising, considering that on September 29, United Russia’s Strukov flew back to his homeland from Montenegro to attend to his business interests.

By the way, if you’re curious about how United Russia members travel to their foreign “dachas,” you can take a look at the photo of the Mitsubishi Challenger 850 aircraft from the British company Air X Charter. On September 23, 2021, Strukov flew from Moscow to Tivat on it (flight AXY2317, flight number 9H-JAD, registration Malta). Then, on September 29, he returned to his homeland on the same plane, albeit with tail number 9H-BOO. Ivanych even had a satellite phone to stay connected with the miners. After all, a dacha is a dacha, but business is business!

Now, moving on to the findings from our investigation into the movements of the Rêve d’Or yacht:

  1. The yacht spends most of the year docked, with voyages primarily aligning with Konstantin Strukov’s visits to Montenegro.
  2. The yacht frequently anchors in the Bay of Kotor, right in front of Strukov’s Montenegrin mansion, often spending the night there, even though this serene location isn’t a tourist hotspot.
  3. The repeated visits of the Rêve d’Or to Dobra Luka Bay, another non-touristy spot, raise questions about what the owner finds so intriguing in this area.

To get a closer look, we decided to examine this area using satellite imagery. We noticed a conspicuous building in the region where the Rêve d’Or frequently appears. This piqued our interest, and we resolved to pay it a visit in person. We set out in our car, inputted the building’s location into Google Maps, and hit the road.


Let’s revisit the stand and gather more insights.

The hotel project’s lead designer is Nikola Bulajić, from the company Arhitektonika Ltd., located in Nikšić at Boulevard July 13, 96. To place an order, contact them at +382 69 309 590.

Audit and construction site supervision are the responsibility of Ranko Nikčević from Gradnja Inženjering Ltd., which is also based in Nikšić alongside Arhitektonika.

The construction contractor is Grand Stroy Group LLC, registered in Budva at Rozino 2, st. 1st, 5. To communicate with this company, reach out to certified engineer Sasha Aytich at +382 68 061470. The proximity of the contractor’s office to Budva suggests a strategic location for the project.

Looking at the stand, we discovered key project milestones. Strukov secured consent from the chief state architect (No. 101/2701/2) on January 24, 2018. Construction work commenced in March 2018, and on April 16, 2018, the Russian investor received registration for the construction.

Initially, the project progressed swiftly, with completion scheduled for June 2019. However, complications arose later on.

Now, a few words about the contractor company: Strukov’s choice was the well-established “Grand Stroy Group” from Budva, registered on August 16, 2017. Nebojša Đurović serves as the director, with founders Dejan Đurović and Goran Despić, each holding 50% shares.

Of particular interest is Despić, who also founded the Montenegrin company “Grand Stroy” in 2009. This company has four founders with 25% shares each: Alexandar Jastrebov, Ognjen Erceg, Dejan Đurović, and Goran Despić.

Despić’s involvement extends to Russian companies with similar names – “Grand Stroy LLC” and “Grand Stroy Group LLC.” Interestingly, both had Montenegrin partner Dejan Djurovic as the liquidator.

Strukov’s choice of Despić as a contractor aligns with his experience in Russia and knowledge of the Russian language. In Serbia, Despić is recognized as a hotelier, with President Aleksandar Vučić acknowledging his contributions and investments in Serbia.

President Vui inaugurated Despi’s purchase and restoration of an old historical hotel in Priboj.

It wouldn’t be surprising if business ties between Strukov and Despić continued post-construction.

Now, let’s delve into the land under the hotel.

The hotel is situated on three plots with cadastral numbers 1530, 1531, and 1532, located in Brguli KO.

Remarkably, all three plots are registered to Konstantin Strukov himself. Not under pseudonyms, relatives, or offshore entities – it’s directly under Strukov’s name.

Plot 1530 spans 3,170 sq. m. (3.17 acres), registered under indecency list No. 138 (KO Brguli).

Plot 1531 covers 2,403 sq. m. (2.4 acres), registered under indecency list No. 137 (KO Brguli).

Plot 1532 is the largest, spanning 11,839 sq. m. (almost 12 acres) and registered under indecency list No. 136 (KO Brguli).

The Coast of Strukov

The stretch of coastline near the hotel is under the ownership of Konstantin Strukov. On August 13, 2020, the Montenegrin government approved a bid for leasing a site to develop a new beach area on a rocky shore in Dobra Luka Bay, Lustica, within the municipality of Herceg Novi. Deputy Strukov received application No. 0240-2885/1 dated October 19, 2020, and this application was successful.

Subsequently, an agreement was reached with Morskoe Dobro, the same organization from which Strukov had previously rented a section of the beach near his properties. This agreement (0210-2885/3 dated November 10, 2020) designates Konstantin Strukov, a Russian citizen (passport details provided, JMBG 1009958990015), along with Milan Jovanović from Montenegro’s capital, Podgorica (JMBG 3108960210014), and Serbian citizen Goran Despić, who we are already familiar with.

It’s noteworthy to mention Strukov’s JMBG, similar to the Russian TIN, comprising 13 digits in the format “DD MM YYY RR BBB K” (DD for the birthdate, MM for the birth month, YYY for the last three digits of the birth year). Strukov was born on September 10, 1958, which is evident in his JMBG: 1009958990015. This once again confirms that he is an oligarch affiliated with United Russia. Notably, JMBG is issued when one has a residence permit, Montenegrin passport, or makes an investment.

As a result, the United Russia investor, Strukov, secured a substantial portion of the sea coast. According to the contract, this includes a rocky shore and open-sea beach measuring 185 meters in length and covering an area of 3,133 square meters. This area encompasses parts of plot 1536/111533 in KO Brguli, both registered in the 118 list for KO Brguli, plots 1532 and 1504/19 KO Brguli.

The project’s estimated cost is 20 million euros.

You may be curious about the undisclosed investments of the Russian investor Strukov in Montenegro’s hotel business. We were equally intrigued and sought professional evaluations of the Hotel Dobra Luka 5* project through various real estate agencies.

Our first visit proved fruitful. The agency’s director, whom we approached as representatives of a Russian buyer interested in purchasing the hotel, provided valuable insights. Apparently, the property, though still under construction, had been previously shown to potential Arab buyers, but no deal materialized. More importantly, the agency’s managers had visited the area, and the director was well-informed about the situation.

According to him, the Lustica area adjoining the Dobra Luka Bay shoreline holds significant untapped potential. Currently lacking running water and requiring a self-funded electricity supply, land prices remain relatively low. However, local authorities are actively improving the area’s infrastructure, and within five years, land prices are expected to soar.

Can you imagine that? Strukov acquired these plots when they were relatively inexpensive, and in five years, this land will become a lucrative investment!

In the present scenario, the land under the under-construction hotel is valued at around 350 euros per square meter. Therefore, the cost of the three land plots under the hotel (17,412 sq. m.) totals 6,094,200 euros. The sales contract we were able to obtain later supported this assessment.

Regarding construction costs, our consultant estimates that the minimum cost for construction and finishing per square meter for a five-star hotel is 2,500 euros. Thus, constructing a hotel with an area of 3,758.1 sq. m. would require at least 9,395,250 euros.

Adding these two amounts, the total for the Hotel Dobra Luka 5* construction reaches 15,489,450 euros, excluding costs for electricity, running water, and road development (which currently faces evident challenges). Including infrastructure costs, the Hotel Dobra Luka 5* is estimated to cost at least 20 million euros.

20 million euros! This is the undisclosed amount that United Russia’s Strukov invested in Montenegro, evading Russian legal scrutiny.

Documentation for Secrecy: Strukov’s Land Acquisition from an Offshore

Our next challenge involved securing sale and purchase agreements for these plots, which necessitated extensive negotiations with high-ranking Montenegrin officials and security forces. However, we successfully accomplished this task. Here are the results:

Konstantin Strukov personally signed this agreement.

On April 21, 2017, in Herceg Novi, with the presence of court interpreter Velich Dragan and lawyer Vladimir Radonich, the participants in the sale and purchase transaction assembled: the buyer, Konstantin Ivanovich Strukov, and three sellers, two individuals, and one offshore entity.

The individuals selling the land to Strukov were already familiar to us: Goran Despic, born on November 5, 1971, and Deyan Dzhurovich, born on January 27, 1972, both Montenegrin citizens.

Strukov made payments to the following accounts:

  • To the seller “Navigator Finance Limited” into a foreign currency account at VB Bank (Schweiz) AG, Bahnhofstrasse 3, 8022 Zurich, Switzerland, SWIFT: VPBVCHZHXXX, EUR-IBAN: CH57 0853 4102 0654 6000 2.
  • To Seller Despic Goran into the currency account No. RS3533004302012641422 with Credit Agricole Serbia JSC, City of Novi Sad
  • To Seller Djurovich Dejan into the currency account No. RS35330043020116604160 in Credit Agricole Serbia JSC, City of Novi Sad

The offshore company received three tranches of 1,220,200 euros each from MP Strukov; Goran received three tranches of 378,900 euros each; and Deyan received three tranches of 198,900 euros each.

And so, the Russian gold miner, affiliated with United Russia and a parliamentarian, Konstantin Strukov, became the owners of 17,412 square meters of Montenegrin land on the Adriatic coast, which he conveniently “forgot” to declare.

What is the result?

Undeclared Property Valued at 55 Million Euros

In summary, the declarations of Konstantin Strukov, an oligarch and member of the United Russia party, fail to mention several assets. These undisclosed assets include Montenegrin mansions worth 10 and 5 million euros, an unfinished hotel valued at 20 million euros (although the land is owned), offshore yachts with a combined worth of 15 million and 5 million euros, and three vehicles registered under the names of a captain and a sailor.

This content serves as an official appeal to law enforcement authorities, including Dmitry Ivanov, the head of the Federal Security Service for the Chelyabinsk region, Pyotr Reshetnikov, the head of the investigative department of the Investigative Committee of the Russian Federation for the Chelyabinsk region, and Karen Gabrielyan, the newly appointed prosecutor of the Chelyabinsk region. We hope that Mr. Gabrielyan will not engage in corrupt practices like his predecessor. This appeal is also addressed to the leadership of relevant federal agencies and the Presidential Administration.

Alexander Harris

Alexander Harris - The Digital Bloodhound Alexander isn't your typical investigative journalist. He thrives in the digital world, scouring the web for hidden connections and leaked documents. An expert data analyst and coder, he builds intricate digital trails to expose fraud, cybercrime, and government overreach. Alexander Harris began his career as a journalist. He is one of the founders of the " Russian Oligarchs Tracker Unit ".

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