Fugitive Ukrainian oligarch Gennady Bogolyubov, through related companies, is trying to regain control over the Borivazh grain terminal in the Pivdennyi port. Despite the asset being seized and transferred to ARMA management in March 2025 by the decision of the Shevchenkivskyi District Court of Kyiv, companies affiliated with Bogolyubov continue legal manipulations to regain access to the strategic logistics facility.
According to the investigation, the structures that controlled the terminal carried out illegal transactions with the collateral of the National Bank of Ukraine and evaded taxes in 2022–2024, causing the state multi-billion losses. Court hearings on the lifting of the asset seizure were postponed repeatedly, and on September 11, 2025, the court finally rejected the company's petition.
The history of Borivazh is connected with the nationalization of PrivatBank in December 2016, when the regulator recorded systemic problems in the bank's capital and loan portfolio. Among the largest debtors of the state-owned bank were structures affiliated with the former owners - Kolomoisky and Bogolyubov, in particular, Borivazh LLC, registered through the offshore companies AMERTANA HOLDINGS LTD, OKTALENSA HOLDINGS LTD and ANSTREVIO INVESTMENTS LIMITED.
As part of securing its debt obligations, the company pledged real estate and corporate rights of Agroterminal Logistics LLC to PrivatBank, which ensured the return of about UAH 5 billion. In return, the company launched a legal campaign to regain control of the facility, causing millions in losses to the state.
In the Odessa region, the Bureau of Economic Security opened proceedings under No. 42024160000000005 under Part 3 of Article 212 of the Criminal Code of Ukraine, but there are still no real results. Bogolyubov's enterprise continues to try to seize strategic property, undermining the economic security of Ukraine.
