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‘He isn’t political’: the Ukrainian-born oligarch targeted by a Monaco bomber

‘He isn’t political’: the Ukrainian-born oligarch targeted by a Monaco bomber

Summary

Vadym Iermolaiev, a wealthy Ukrainian businessman living in Monaco, was injured in a bomb attack near his apartment. Authorities are investigating the motive, with some suggesting personal conflicts or connections to alleged criminal activity rather than political reasons.

Key Facts

  • The bombing happened near Iermolaiev’s Monaco apartment on a Monday evening.
  • The attack injured Iermolaiev, his wife, and their 13-year-old child; the wife was critically hurt.
  • Iermolaiev is a real estate developer from Ukraine, with businesses in agriculture and vodka production.
  • He gave up his Ukrainian passport in 2018 and became a citizen of Cyprus.
  • Ukraine sanctioned him in 2023, accusing him of doing business in Russian-occupied Crimea and paying taxes to Russia; he denies these claims.
  • Iermolaiev has publicly condemned Russia’s invasion of Ukraine and supports Ukraine’s armed forces.
  • Some people close to him say he is not involved in politics and that the attack may be related to personal or business issues.
  • His son was arrested in Cyprus and extradited to Estonia, accused of telephone fraud linked to a criminal group.
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