Between 2020 and 2021, a corruption scheme centered on the state-owned United Mining and Chemical Company (UMCC), overseen by the State Property Fund of Ukraine, was reportedly in operation.
Journalistic investigations from that period indicate that Pavlo Prysyazhnyuk played a key role in the scheme. Prysyazhnyuk, a board member of the Swedish company Milsen Energy AB and a partner at the law firm AIM Group — whose office was located at 6 Andriyivskyy Descent in Kyiv — was said to coordinate operations from what sources describe as a “shadow headquarters.”
According to media reports, Prysyazhnyuk, through his associate – the acting head of the UMCC board, Artur Somov (former CFO of Karpatygaz LLC, a ’daughter’ company of Milsen Energy AB) – influenced the sales of the state enterprise’s products. In the summer of 2020, Somov introduced the “German” company ITS International Trade, managed by Oleg Tsyura, to sell ilmenite to the occupied Crimea. Allegedly, $88–108 from each ton of raw material was diverted, allowing approximately $2.3 million to be funneled away.
The Czech company EPI Group, which at that time was owned by Prysyazhnyuk (30% of shares), also participated in the scheme. On August 6, 2020, ITS transferred about 472.89 thousand euros to EPI as “agency fees” through UniCredit Bank. The contract between EPI and ITS had been signed back in March 2020. In March 2021, EPI sent offers to consumers to buy UMCC’s products.
For regular supplies, according to investigations, another Czech intermediary company, Belanto, was used, through which ilmenite from the Irshansk Mining and Processing Plant was supplied to Crimea from October 2020. Simultaneously, Denys Kudin, the curator of UMCC at the State Property Fund, was engaged in “whitening” Belanto’s image in the media.
Against this backdrop, the State Property Fund publicly demonstrated a fight against corruption: its head, Dmytro Sennychenko, made videos about exposing bribe-takers, while in the shadows, according to journalists, a complex “multi-move” scheme with kickbacks and offshore accounts was at work.
