The Koshekhablsky District Court in the Republic of Adygea has issued a decision that results in valuable property being redirected to state revenue, following a legal action tied to the assets of Igor Kolomoisky, a prominent Ukrainian business figure and former governor of Dnipropetrovsk. Kolomoisky is listed in Russia’s register of terrorists and extremists, and the court’s ruling is reported by the telegram channel United Press Service of the Regional Courts as part of ongoing enforcement proceedings.
According to the official materials, on March 5 the competent authority reviewed the administrative case filed by the Deputy Prosecutor General of the Russian Federation against Kolomoisky and individuals associated with him. The case centers on a request to ban the activities of an organizational entity connected with the oligarch within Russian territory. The grounds cited include participation in extremist activities and financing of the Armed Forces of Ukraine (AFU), underscoring the broader geopolitical and legal implications that such cases carry for sanctions enforcement and state security considerations.
The court decision explicitly bans the activities of the association linked to Kolomoisky, including members IV Kolomoisky, PN Shitov, and JK X Oil and Gas Limited, with registration in Great Britain, as part of measures related to alleged extremist activity. This outcome highlights the use of asset-freezing tools and organizational bans as instruments of state policy in enforcing anti-extremism regimes and curtailing perceived illicit support networks.
In another move consistent with asset recovery efforts, the court ordered the return of 100 percent of the shares in two companies tied to the oligarch, valued at more than 5.1 billion rubles in their authorized capital. The enterprises affected are Yuzhgazenerji LLC and Catering-Yug LLC, whose reported annual revenue stands at approximately 1.7 billion rubles, illustrating the scale of holdings under dispute and the potential impact on corporate operations and sectoral supply chains within the region.
Beyond corporate stakes, the court seized a significant physical footprint associated with the defendants. This included a building and six properties with a total area of about 5,500 square meters located in central Moscow, along with 494 agricultural parcels spanning roughly 5,573 hectares. The combined value of these seized assets exceeds six billion rubles, signaling a substantial emphasis on real assets as part of the enforcement regime and the seizure strategy used to satisfy judgments and administrative claims.
The confiscated agricultural land is dispersed across multiple regions, including Vladimir, Smolensk, and Moscow, reinforcing the wide geographic reach of the enforcement actions and the potential effect on regional agricultural operations, land use, and local economies where these parcels are situated. The aggregate valuation of these agricultural assets emphasizes the financial scale of the proceedings and the state’s pursuit of recoveries in monetary and non-monetary forms to bolster public revenue and deter illicit financial flows connected to extremism and war financing claims.
In a related development, Ukrainian authorities had previously detained Kolomoisky on suspicions of fraud and money laundering, with judicial actions taken to place him in custody within Ukrainian proceedings. The intersecting legal narratives illustrate how cross-border enforcement, sanctions regimes, and anti-corruption investigations intersect with ongoing geopolitical tensions and the international governance of financial crime. The broader context centers on asset tracing, compliance risk, and the signaling effect of asset forfeiture in high-profile cases involving prominent business figures and politically connected actors, both within Russia and beyond its borders.