Jul 31, 2023

Czech Authorities Freeze Assets of Russian Oligarch Vladimir Yevtushenkov

The channel CT24 reported that the Czech authorities have frozen the assets of Russian oligarch Vladimir Yevtushenkov.

According to Czech media, Yevtushenkov secretly controls an electric dryer company and owns the Savoy Westend hotel in Karlovy Vary.

The total property of the Yevtushenkov family in Karlovy Vary is valued at 500 million Czech crowns (about $23 million).

Yevtushenkov was put on the Czech sanctions list in June 2023. He is also under sanctions from the UK, Australia, New Zealand, and Ukraine.

Forbes estimates Yevtushenkov’s fortune at $1.7 billion, claiming he still owns a 59% stake in the Sistema conglomerate, which operates several large Russian businesses including telecoms provider MTS and online retailer Ozon.

In April 2022, Yevtushenkov reduced his stake in the company to 49.2%, transferring 10% to his son Felix and thus ceasing to be a controlling shareholder.

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His son and his wife are also on various sanctions lists.

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