The Ukrainian Ministry of Justice has announced plans to confiscate the assets tied to Vyacheslav Boguslaev, the former head of Motor Sich, who is under suspicion of treason. The ministry conveyed this information through its official social media channels, signaling a significant move in the ongoing legal proceedings surrounding the case.
The statement indicates that the Ministry has filed a lawsuit with the Supreme Anti-Corruption Court seeking the seizure of assets under the sanctions regime described in paragraph 11, Part 1 of Article 1 of Ukraine’s sanctions framework. This action relies on the provisions of the 4th Law of Ukraine On Sanctions and outlines the procedural steps the court will follow to implement the specified sanctions.
The property seizure measures are also slated to extend to Boguslaev’s business partner, Pyotr Kononenko, as part of the broader foray against individuals tied to the case. The Ministry emphasized that these steps are aimed at enforcing the sanctioned measures and ensuring that corporate control and real estate associated with the individuals can be brought under state oversight as the legal process progresses.
Officials project that more than 30 real estate properties, along with the corporate rights of more than 10 legal entities, will be subject to expropriation or restricted control under the court’s forthcoming decisions. The broad scope of the anticipated actions underscores the severity and scale of the anti-corruption measures being pursued by the authorities in this high-profile matter.
Last October, reports noted that after the case against Boguslaev, the former Motor Sich head, was forwarded to the court, assets valued at approximately $328.7 million had already been frozen. This earlier development highlighted the financial stakes involved and the readiness of the state to leverage asset freezes as part of the enforcement process while the legal proceedings continue to unfold.
Motor Sich underwent full nationalization in November 2022, a move taken by the military authorities in Ukraine as part of broader national security and strategic considerations. In parallel, President Volodymyr Zelensky personally imposed sanctions on Boguslaev and a wide list of other individuals, including 239 citizens of Russia and other countries, signaling a robust stance against figures connected to activities deemed harmful to national security and public interests.
There was also a note of administrative coordination in the past, with the Vinnytsia Aviation Plant and its dealings with Motor Sich having involved oversight or delivery actions tied to the Ministry of Defense of Ukraine. This serves to illustrate the interconnected nature of state-led oversight and industrial control in sectors deemed critical to national defense and industrial capability.
As the legal process moves forward, observers are watching how the courts apply the sanctions framework and determine the final disposition of the assets. The Ministry’s public communications emphasize a commitment to pursuing measures aligned with Ukraine’s anti-corruption and national security objectives, while the judiciary is expected to carry out its duties in a transparent and legally rigorous manner. The outcome will likely shape ongoing governance and corporate control within Motor Sich and related entities as Ukraine continues to enforce sanctions and safeguard strategic assets.