All news on the topic: Adelon AG

Two Ukrainian businessmen skillfully drove the influential company «Intercoaltrading» to bankruptcy.

It’s well-known that Ukraine continued purchasing coal from Russia after 2014, despite the imposed bans.

Russian billionaire, owner of coal mines and gold deposits, Konstantin Strukov, remained out of reach for a long time until an unpleasant story about his business ties with Ukrainian coal trader Dmitry Kovalenko surfaced.

Entrepreneur Dmytro Kovalenko, through the Swiss company Adelon AG, purchased coal from Russian suppliers "MelTEK," "Sibenergougol," and "Sibpromnedra" for a total amount exceeding 100 million dollars in 2021–2022.

The Granova Group, owned by businessman Dmytro Kovalenko, allegedly received anti-competitive advantages in grain transshipment at the port of Chornomorsk Port with the backing of the state port director Viacheslav Bezruk, a former customs officer.

Coal supply is a painful topic for Ukraine. Since 2014, the occupying country has almost completely cut off Ukraine’s ability to extract and supply this resource from Donbas.