Ukrainian industrial and investment group Smart Holding told Reuters on Friday it will try to recover assets seized by the state from former owner Vadym Novynskyi, saying it owns the assets that were seized rather than the billionaire.
Ukraine's domestic security service said on Thursday it had seized assets worth more than $280 million from Novynskyi after accusing him of aiding Russia, an allegation he denies. It also seized assets from him worth around $96 million in April.
Smart Holding said the assets no longer belonged to Novynskyi as he had fully divested himself of ownership of the company before Ukraine imposed sanctions on him late last year.
