ARMA puts Pavlo Fuks’ seized property up for tender
13 August 2025 22:38
The National Agency for Asset Recovery and Management (ARMA) has announced a tender on Prozorro.Sale for the management of seized assets of Ukrainian businessman Pavlo Fuks, "Komersant Ukrainian" reports.
According to independent experts, the value of the property is about UAH 214 million.
The lot includes an elite residential building and six land plots in Kozyn village, Obukhiv district, Kyiv region, located on the banks of the Dnipro river.
The house is equipped with expensive furniture and appliances, and has its own cinema, gym and massage room.
The land plots can be used for agriculture or gardening, as well as for construction.
The deadline for submitting bids is August 27, 2025.
The property was transferred to the management of ARMA by the decision of the Shevchenkivskyi District Court of Kyiv.
What is known about Pavlo Fuks?
Pavlo Fuks is a Ukrainian businessman and developer born on October 27, 1971 in Kharkiv.
Basic facts:
- Education: graduated from the Kharkiv Civil Engineering Institute.
- Business in Russia: In the 1990s, he moved to Moscow and was involved in construction and development projects. He was a co-owner of companies that realized large-scale real estate projects.
- Return to Ukraine: In the mid-2010s, he returnedto Ukraine and invested in construction and oil and gas projects.
- Assets: Controlled a number of companies in the development, energy, and finance sectors.
- Scandals:
- He appeared in the media due to his ties to Russian business and political circles.
- In 2021, the National Security and Defense Council imposed sanctions on him, accusing him of creating threats to Ukraine’s national security.
- In 2022-2023, his property was seized as part of criminal proceedings.
- Citizenship: He had a Russian passport (according to journalistic investigations), but publicly stated that he had renounced it.
In the Ukrainian press, he is often described as an “oligarch with a Russian past” who tried to gain a foothold in the Ukrainian economy after 2014.
