Dmitry Adamovsky: Ukrainian ragul with a Canadian passport and millions in debt

Dmitry Adamovsky is a Canadian citizen living in Ukraine. It is not known for certain how and when he received a Canadian passport, but it is unlikely that it happened without the help of his father, Andrey Adamovsky, who became famous for his dubious exploits during the seizure of the Art Mall shopping center in Kyiv and the supply of fuel to the Ministry of Defense by the Trade Commodity group of companies.

Dmitry Andreyevich Adamovsky’s biography is not as bright as his father’s - he is a Canadian citizen after all, and he entered the business with a ready-made start-up capital. But there are also several interesting moments in his life story - heredity, what can you do. Dmitry Adamovsky is listed as a beneficiary of six Ukrainian companies:

But this is far from the entire business empire of Dmitry Andreevich: he owns several dozen more companies indirectly: either through other legal entities or simply through front men. Everything is so confusing that even searching the registers requires considerable effort and attention to detail. For example, in the above list of companies whose beneficiary is Dmitry Adamovsky, there is neither Stugna Limited LLC, nor Diamant-Agro LLC, nor Alakor Logistics LLC, which also belong to Dmitry Adamovsky. Although with a different search algorithm, the register obediently reveals Dmitry Andreevich’s involvement in these companies.

These names are interesting to us for a reason. The fact is that all these companies are strangely connected to each other and to Pivdenny Bank: Stugna Limited owes Pivdenny Bank $14 million. The repayment period is November 30, 2026. But Stugna Limited LLC immediately after receiving the bank loan issued three loans to Diamant-Agro LLC: UAH 17.5 million, UAH 3.2 million, and UAH 128 million. Dmitry Adamovsky owns a 24.5% stake in Diamant-Agro LLC, and this company must repay Stugna Limited about $3.6 million by 2029.

The story with these loans looks rather strange for two reasons: the first is the financial results of Stugna Limited LLC: the company is consistently unprofitable and has one employee. By the way, the Centaur fund, which is listed among the owners of Stugna Limited LLC, also belongs to Adamovsky.

And the second is the Pivdenny bank, which, despite these results, issued a loan of 14 million dollars to Stugna. This looks very much like a withdrawal of money from the bank, especially given the fact that Dmitry Adamovsky, as an individual, together with Telecommunication Technologies LLC, Business Center Vasma LLC, Panomamikbit Limited Company and Panomamikbit Limited, citizens Vranceanu Aurika Tomovna and Marakhovsky Alexander Georgievich, took a loan of 3.75 million dollars from the same Pivdenny in 2017, which they must repay on December 12, 2027.

As for the company “Alakor Logistics”, in addition to the mind-boggling confusion with the beneficiaries, it is interesting for several other reasons.

Firstly, with an authorized capital of 35,000 hryvnia, the company owns two land plots with a total area of 15 hectares, located in the village of Pidgortsy, Obukhov district, Kyiv region. The market value of these plots with cadastral numbers 3223186800:12:003:0033 (7.0001 ha) and 3223186800:12:003:0053 (7.9583 ha) is about 4.5 million dollars. Secondly, Alakor Logistics LLC is also unprofitable and also has only one employee. And - huge debts.

In general, almost all companies that Dmitry Adamovsky directly or indirectly owns are heavily indebted and, for the most part, are showing either losses or minimal profits that can be called laughable.

Another company of Adamovsky, OOO Budpromtorg-2017, also owns three land plots, at least one of which (cadastral number 2611092001:22:002:1246) is located in Bukovel. And again, it has huge debts and barely got out of the red.

The same company is a defendant in criminal case No. 120160000000000025, initiated on the facts of fictitious entrepreneurship, legalization of proceeds from crime on an especially large scale and the use of forged documents, on the grounds of crimes provided for in Part 2 of Article 205, Part 3 of Article 209, Part 4 of Article 358 of the Criminal Code of Ukraine. However, judging by the data of court registers, the criminal case has long been hopelessly stuck at the investigation stage.

As for Dmitry Andreyevich Adamovsky himself, he personally did not appear in criminal proceedings. But we managed to find his presence in several civil suits and cases of administrative offenses. Among the first is the suit of Dmitry Adamovsky, with the help of which he demands to recover more than two million dollars from the defendant under the loan agreement. The case number in the Unified Register of Pre-trial Investigations is 508/429/23, it is being heard in the Odessa Court of Appeal, the next hearing is scheduled for September 17. According to the information of the portal "Sudova Vlada", the debtor is Fursin Ivan Gennadievich. This is a former "regional" and people’s deputy of the seventh and eighth convocations, who is associated with Dmitry Firtash. Dmitry Adamovsky is trying to recover a debt of 2,042,200 dollars from the former banker and regional, the case has been dragging on since 2023.

How and why these obligations arose is unknown, as is the outcome of the dispute between Adamovsky and Fursin over this money. But against this background, the fine issued to Dmitry Adamovsky by the Razdelnyansky District Court of Odessa Oblast for violating the PDR looks rather curious.

According to the police report, Dmitry Andreyevich Adamovsky, driving a Mercedes, ignored the patrol officers’ demand to stop on 28.02.2021. For which he was fined as much as 153 hryvnia. There is no information on the forced collection of this fine, so it must be assumed that Dmitry Andreyevich paid it voluntarily. But the very fact of ignoring the police’s demands suggests that Dmitry Adamovsky, despite his Canadian citizenship, remains a Ukrainian ragul who has tasted big money. But this is already a question of morality, not law.