The assets of Russian-Greek oligarch Ivan Savvidis and his wife in the Ukraine have been seized, following a decision by the country’s High Anti-Corruption Court to uphold charges that Savvidis serves Russia’s military industrial complex, according to reports by Kyiv Independent.
The case was brought by the Ukrainian justice ministry, with the support of the Anti-Corruption Action Center (ANTAC) NGO. The charge came on the heels of a list released in the summer of 2023 by a think tank called StateWatch, which revealed that Savvidis was among 25 oligarchs supporting Russia, and whose assets had not been confiscated by Ukraine.
Savvidis’ assets include a 100% stake of leading meat and sausage packaging company PJSC Pentopak and a 100% stake of its subsidiary, Atlanti-Pak Ukraine.
ANTAC said Savvidis’ wife, Kyriaki, was the nominal owner of a number of companies in Ukraine, although her husband was actually the owner and in charge of operations, according to Kyiv Independent.
Savvidis has a real time net worth of $1.6 billion, according to Forbes. He is a member of the Russian Duma and seen as an ally of Vladimir Putin. Additionally, he is the founder of Agrocom Group, whose assets include Russian tobacco trader Donskoy Tabak.
In Greece, Savvidis owns the PAOK FC football team in Thessaloniki, the five-star Makedonia Palace hotel in the same city and a company with a controlling stake in the Thessaloniki Port Authority (OL.Th), among others.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
