A company with Estonian ownership that owns shopping malls in Ukraine has said that it simply wants to get rid of its assets using Ukrainian sanctions.
Alexander Chaplygin (Aleksandr Tšaplõgin), a member of the Estonian parliament (Riigikogu), posted an appeal on social media from Arricano Real Estate PLC, which was itself sanctioned by the Ukrainian government on June 22:
“In two years, the Security Service of Ukraine (SSU) has failed to provide evidence to support the suspicions behind the criminal investigation. Three weeks ago, the investigation finally ended. It is significant that during the three-year investigation, no Arricano employees were identified as suspects, and no explanations were given about who, when, or how the aggressor was supported.
This was not an investigation into a real crime, but an attempt to illegally seize property belonging to Estonian investors. Yesterday’s sanctions are a continuation of this process. They are not about aggression against Russia, but rather about the fact that the company wants to take away assets worth 300 million euros.”
Arricano Real Estate PLC is registered in Cyprus and among its owners is an Estonian businessman, Hillar Teder. He is well known in Russia as a co-founder of the OK trading network.
Sanctions against Arricano were imposed on June 22 by the decree of Ukrainian President Volodymyr Zelenskyy.
SanctionsLists.org notes that there are no appeals regarding sanctions on the website of Arricano Real Estate PLC.
