Kolomoisky and Boholyubov ordered to pay PrivatBank $1.7 billion: what is known about their assets.

The High Court in London has ruled in favor of PrivatBank, ordering the former shareholders of the institution to compensate for losses resulting from the withdrawal of about $2 billion.

The court ruled that Igor Kolomoisky and Gennady Boholyubov must compensate the bank $1.7 billion. The exact amount of the payments will be determined in October, and if the former shareholders do not pay voluntarily, the bank will initiate enforcement proceedings. The total value of their assets is close to $2.5 billion, but the exact list is not disclosed.

Decline of the 'Privat' Group's Business

After Volodymyr Zelenskyy came to power in 2019, Kolomoisky tried to restore his influence, but relations with the authorities remained tense. The total value of their fortunes has significantly decreased due to various circumstances, including the transfer of enterprises to the state and a ban on selling property.

• War;
• Loss of citizenship;
• Transfer of enterprises to the state;
• Seizure of shares and court rulings.

These circumstances led to the halt of the 'Privat' gas stations due to fuel shortages. The group’s enterprises also faced significant losses - the Nikopol and Zaporizhzhia ferroalloy plants lost nearly 5 billion UAH, while 'Dniproazot' lost over 1.3 billion UAH. In 2023, the bankruptcy of the airline MAU was declared.

Sale and Restructuring of Assets

In 2023, Kolomoisky sold the Bukovel ski resort. At the same time, there was a restructuring of media assets of 1+1 media, likely done to avoid nationalization.

Among the blocked assets are claims against a Russian businessman. Kolomoisky also owns significant foreign assets - real estate in the USA, steel mills, manufacturing facilities, and more.

The State Property Fund of Ukraine also announced the holding of online auctions for the sale of 100% of corporate rights of a certain company.