SBU Charges Powerful Oleg Deripaska, Detains 2 for Alleged Role in Russia Supplies

Ukraine’s SBU security service has issued an indictment against Russian oligarch Oleg Deripaska in absentia and apprehended two senior executives of his company in Ukraine, as stated by its press service on February 15th. The investigation alleges that the individuals facilitated the provision of raw materials to Russia for the manufacturing of diverse weaponry, including Iskander missiles.

In Ukraine, the two individuals under suspicion are the director of the Hlukhiv Quartzite Quarry and the representative of Deripaska’s interests in this enterprise.

SBU Charges Deripaska

As per the SBU, in 2012, these defendants allegedly facilitated Oleg Deripaska in unlawfully acquiring the production facilities of the quarry, despite a prohibition on their sale. Subsequently, the management of the mining company purportedly supplied large quantities of raw materials to Russia for the purpose of steel production. The materials procured from Ukraine were allegedly sold to Russian defense enterprises for the manufacturing of ballistic missiles, including Iskander missiles, as well as for the production of combat drones and radar systems.

In February 2023, the assets of the Hlukhiv Quartzite Quarry were seized by Ukraine.

Law enforcement officials assert that, based on gathered evidence, Oleg Deripaska, the Russian oligarch, has been indicted in absentia for orchestrating the misappropriation, embezzlement, or seizure of property, as well as for the organization of the laundering of illicit proceeds. Additionally, he faces charges for financing actions intended to forcibly alter or overthrow the constitutional order or to seize state power, as well as for attempts to change Ukraine’s territorial boundaries or state borders.

If convicted, the maximum penalty for these offenses is 12 years of imprisonment. Similarly, Deripaska’s associates in Ukraine are also implicated in these allegations.

In February 2023, the High Anti-Corruption Court granted authorization for the confiscation of Oleg Deripaska’s assets. This ruling led to the nationalization of 350 properties, encompassing factories, a seaport, real estate holdings, vehicles, and a sum of 32 million hryvnias ($847,558) in cash.

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