Poland has added Russian billionaire Oleg Boyko to the sanctions list.
The documents from the Ministry of the Interior and Administration of the Republic of Poland show that Oleg Boyko is the owner of one of the largest investment groups in Russia, the Finstar Financial Group. Through this group, he controls a network of subsidiaries in many European countries and Latin America. His current assets total $1.2 billion (according to Forbes). His business activities include short-term loans, real estate and gambling. Boyko’s connections with organized crime groups and Russian intelligence agencies are well-known, and his casinos are used to launder money for organized crime and the Russian government.
The Latvian company 4Finance AS, which is indirectly controlled by Oleg Boyko, has also been sanctioned by the Polish government.
Oleg Boyko holds the 109th position in the ranking of Russian billionaires for 2024 compiled by Forbes magazine. His fortune was estimated at $1.2 billion. Oleg Boyko founded and heads Finstar Financial Group, an international group of companies with assets worth about $2 billion under management and offices in Cyprus, Serbia, and the UAE. In 2017, Finstar acquired the St. Petersburg-based bank SIAB. In 203, the bank changed its name to Finstar. In November 2024, the United States imposed sanctions against Finstar Bank.
