Russian prosecutors are pursuing the seizure of assets belonging to businessman Denis Shtengelov, who is linked to the Dutch vegetable company HAK through his ownership structures. According to Russian authorities, Shtengelov is accused of supporting Ukraine's armed forces.
The prosecutors allege that Shtengelov's food company, KDV, supplied products to the Ukrainian military and transferred profits from its Russian operations to countries designated as "unfriendly." They also claim that Shtengelov's father helped establish a paramilitary unit on Ukrainian territory and that revenue was moved abroad without Russian government approval.
Shtengelov, who has been living in Australia for several years, publicly described Russia's 2022 attack on Ukraine as a "monstrous and irrevocable mistake." His company, KDV, acquired HAK, a Dutch canned vegetable producer, in 2021. A year later, HAK was sold to Flexway, a United Arab Emirates-based company also owned by Shtengelov.
Since the start of the conflict in Ukraine, Russian authorities have confiscated assets valued at 3.9 trillion rubles (US$46.8 billion), often citing "extremism" as justification. The Russian government has valued KDV at 500 billion rubles (US$6 billion), making this one of the largest nationalization cases since the war began.
Source: NL Times
