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Businessmen close to Putin continue to work with real estate in Latvia

Jun 5, 2023

People who received financial benefits and actively supported Vladimir Putin's regime in Russia continue to work in Latvia without hindrance.

This was discussed in the Nekā personīga program on TV3.

In particular, one of the directors of the Yukos oil company, Alexei Golubovich, who testified in the trial against Mikhail Khodorkovsky, purchased real estate in Latvia and received a residence permit in the country.

While other company executives were in prison or in exile, Golubovich amassed a fortune and began to participate in Russian political life.

The building at 14 Terbatas Street in Riga has been owned by Golubovich since at least 2018. Since the summer, it has been owned by Golubovich's wife, Yelena Loginova, who also has a temporary residence permit in Latvia.

The building is owned by Tērbatas 14 Centrs, which in turn is owned by Kaivas Residential, and the latter by Belveron Holdings Limited, a Cypriot company, and Loginova is its beneficial owner.


The Cyprus offshore company Belveron Holdings also owns another valuable real estate in Latvia.

In addition, the Green Village settlement in Babitsky Krai belongs to the wife of Gennady Burtsev, deputy general director of the Russian state-owned company Surgutneftegaz. In February of this year, Putin awarded him with the Order of Merit for the Fatherland, second class, by decree.

These facts have caused concern among Russian opposition journalists. In particular, journalist Dmitriy Savin addressed the Foreign Affairs Committee of the Latvian Seimas and called for sanctions against all supporters of the Putin regime, not just individuals: the Russian government, the presidential administration, all intelligence services, the General Staff of the Armed Forces, the United Russia party, all parties whose representatives supported the annexation of Crimea, and all media outlets and organizations associated with these groups.

Author - Olena Madiak, 05/06/2023

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