The Security Service of Ukraine (SBU) has issued a notice of suspicion to a Russian oligarch who supplied Ukrainian titanium raw materials to Russia for the production of Kalibr missiles.

This was reported by the press service of the SBU.

As it became known, the SBU collected evidence base on the sanctioned oligarch from the Russian Federation Mikhail Shelkov. He is involved in schemes of hidden supply of Ukrainian titanium raw materials to Russia.

In order to transport raw materials to the Russian Federation, he used Demurin Mining and Processing Plant LLC controlled by him in the Dnipropetrovsk region.

"Rare minerals from the deposits of the Ukrainian company are indispensable components for the production of high-quality titanium. It was them that Shelkov supplied to the Russian Federation by order of enterprises of the Russian military-industrial complex. Among them are manufacturers of Kalibr cruise missiles, MiG-35 and SU-35 combat aircraft, as well as Ka-52 helicopters. In early February this year, the Demurin Mining and Processing Plant was transferred to the state ownership of Ukraine," the SBU said.

They also added that Shelkov secretly became the beneficial owner of a Ukrainian mining company even before the start of the full-scale invasion of the Russian Federation.

"The actual management of the enterprise was carried out through the Russian monopolist for the production of titanium PJSC "VSMPO-AVISMA Corporation". He conducted this activity together with the adviser to the general director of this company. According to the investigation, it is part of the structure of the largest arms producers for the occupation groups of the Russian Federation fighting against Ukraine. After February 24, 2022, Shelkov wanted to hide his attitude to industrial assets in our state to avoid sanctions. To do this, he tried to transfer the formal management of the Ukrainian mining enterprise to a controlled commercial structure in the Dnipropetrovsk region," the SBU said.

However, the SBU exposed the deal, blocked it and initiated the transfer of 100% of Russian property to Ukraine.

"Based on the collected evidence, investigators of the Security Service informed Shelkov and his accomplice Fedoseyev of suspicion under Part 3 of Art. Article 110-2 of the Criminal Code of Ukraine (financing actions committed with the aim of violent change or overthrow of the constitutional order or seizure of state power, change of boundaries of territory or state border of Ukraine). Since the defendants are on the territory of Russia, comprehensive measures are underway to bring them to justice for crimes against our state," the Security Service said.

Recall that the official of Ukrenergo helped the Russian Federation to prepare new strikes on substations in 5 regions.

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