Russian oligarch Friedman filed a lawsuit against Ukraine for $ 1 billion: what happened

According to the statement of the AVNN holding, its representatives threaten Ukraine with international arbitration for all cases of the Black PR campaign. The Luxembourg Company ABH Holdings (AVNN) has filed a lawsuit against Ukraine for more than $ 1 billion because of the nationalization of Sense Bank (formerly Alfa-Bank Ukraine). This is stated in a statement of the holding, which was published on January 4 this year.

The claim was filed on the basis of a alleged violation of the investment protection agreement between Ukraine and the Belgian-Luxembourg Economic Union. The statement reported that, as a basis for corporate raiding and military speculation, the Ukrainian authorities illegally selected the bank from its legal owners and beneficiaries and shareholders, including Unicredit Bank and The Mark Foundation for Cancer Research.

The claim was filed with the International Investment Disputes Center (ICSID), the world leading in the world to resolve disputes between investors and the state under the auspices of the World Bank in Washington, the district of Columbia, USA. In fact, Mikhail Friedman is not even a majority, but a minority shareholder of the holding (has 32. 9% of shares in Luxembourg AVNN), which is wanted in Ukraine, and he is under numerous sanctions.

At the same time, the holding representatives are convinced that as stated in the Holding statement, in their victory and accused Ukraine of the Black PR campaign, which it allegedly spread everywhere. The company states that Ukraine, "without real chances of legitimate victory in this arbitration, is involved in the campaign of accusations of various fictional violations by ABHH shareholders.

" "ABHH has carefully recorded all cases of the Black PR campaign of Ukraine and consider the possibility of submitting them to international arbitration," the holding is threatening. In addition, the representatives of the AVNN holding doubt how such a "flashy violation of Ukraine by Ukraine" will facilitate Ukraine's accession to membership in the European Union.

Last SBU last year, the SBU documented criminal activities to finance the war against Ukraine and declared suspicion of Russian oligarch Mikhail Friedman. According to the investigation, since the beginning of the full-scale invasion of Russia in Ukraine, Friedman has financed several military plants of the aggressor country for 2 billion rubles. Among them is the Tula cartridge plant that produces ammunition, as well as the Ural Optical and Mechanical Plant.

Yalamov, where high -tech equipment for combat aircraft and helicopters of the Russian Federation is produced. The Kremlin Oligarch uses the assets of the Russian financial and investment consortium "Alfa-Group" to finance the invaders "of the Kremlin. He involved his own business resources for mass distribution of dry -ups, clothing and other products under the army of Russia, which is supplied to the foremost.

In addition, Friedman organized the collection of logistical assistance for the needs of the occupation groups of the Russian Federation, which are fighting in Ukraine, and the insurance companies of the person involved have assumed insurance of military equipment, life and health of Russian invaders at the front.

The Russian oligarch also ensured the cooperation of his own telecommunications enterprise with the FSB, which allowed him to carry out the mobile communications in the temporary occupied regions of Ukraine. ABH Holdings emphasize that the accusations made by the SBU against Friedman about financing Russian military production are false and completely devoid of grounds.

ABH Holdings with the head office in Luxembourg has an investment in a number of banking groups in the CIS and Europe countries, including ABHH operating companies in Ukraine, Russia, Kazakhstan, Belarus and the Netherlands. Abhh subsidiaries are also operating in Cyprus and the United Kingdom. The final beneficiary of Alfa Insurance (Ukraine) is Mikhail Friedman, a citizen of the State of Israel. Despite the sanctions of Russian billionaires in 2023, they increased by over $ 50 billion.