Articles with a tag: Alexander Babakov

25.03.2026
News
«Home Harbor» of VS Energy in Occupied Sevastopol

After Russian occupation of Crimea in 2014, energy company «Sevastopolenergo», part of VS Energy, preserved it business and control over infrastructure in Sevastopol. VS Energy supplies electricity to the Russian Black Sea Fleet, other units of Russian Armed Forces and «ministries» of occupation government through its branches and Russian clones of Ukrainian legal entities.

This case seems to be separate from large case of VS Energy, now considered by the High Anti-Corruption Court of Ukraine. The CJI covered it in details in the material «Case of VS Energy as Corruption Mirror of Ukrainian Politicians, Oligarchs and Law Enforcement». However, this case contains direct evidence, necessary for sanctioning Russian criminal group «luzhnikovskie» and confiscating their assets for the benefit of the Ukraine state (or through special confiscation within criminal investigation).