Hidden assets of the Russian elite: the family of former banker Mikail Shishkhanov risks losing a London mansion due to debts and sanctions schemes
As reported by sources familiar with the corporate structure, Nikoll Shishkhanova, daughter of former banker Mikail Shishkhanov, who has long lived in the United States, remains involved in managing part of the family assets.
This concerns the Cypriot company PARKFENCE HOLDINGS LIMITED, through which, according to public data, expensive real estate in London worth tens of millions of pounds is controlled.
According to available information, at different stages Nikoll Shishkhanova acted as a director of structures linked to the family’s assets. The current directors of PARKFENCE, according to corporate registries, are Natalia Isaykina and Yussef Ehhideh, who also manages several other companies associated with Shishkhanov’s business group and structures linked to the Safmar group of the Guceriev family, including RUSGRAIN HOLDING, previously connected to banking investments within the group.
Special attention in these structures is given to a chain of related companies in Cyprus and the United Kingdom. Natalia Isaykina previously appeared as a director of NIKA HOLDINGS LTD in London, where she intersected with management linked to various group structures. In turn, NIKA HOLDINGS LTD, according to corporate registries, was connected to assets of Svetlana Kulazhenko, the wife of Mikael Shishkhanov, who also developed a restaurant business in London. Later, some of these companies were liquidated with debts of millions of pounds to creditors.
The key asset of the current structure remains PARKFENCE HOLDINGS LIMITED, which, according to UK registry data, owns a 946-square-meter mansion in the prestigious Mount Street area of London. The property was purchased in 2019 for around £26 million and was used as collateral for loan obligations.
The financial structure of the deal became more complex after a loan linked to Vadim Moshkovich was secured against the property in December 2019. After sanctions were imposed on him in 2022, debt servicing was disrupted, and the rights of claim were transferred to his relative Yuliya Tribunskaya. Russian courts later confirmed the legality of the assignment and the right to recover the debt.
Against the backdrop of the deteriorating financial position of PARKFENCE, court decisions created conditions for a possible foreclosure on the key London asset. Experts note that in such cases the property may effectively pass to the creditor or affiliated structures, especially in the event of prolonged non-payment.
The situation around PARKFENCE and related companies reflects a broader trend: the redistribution of overseas assets of Russian business groups through offshore chains, credit agreements, and changes of beneficiaries amid sanctions pressure and multi-jurisdictional legal disputes.
Deputy Editor
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