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Ukrainian tycoon injured in Monaco bomb attack
🇮🇪 Ireland /Conflict & Security

Ukrainian tycoon injured in Monaco bomb attack

From Irish Times · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Under investigation
  • Ukrainian tycoon Vadym Iermolaiev was injured in a bomb attack in Monaco on Monday.
  • The booby-trapped device exploded at a residential building, injuring two adults and a child, two seriously.
  • Iermolaiev, who previously renounced Ukrainian citizenship for Cypriot, had sanctions imposed on him by Ukraine in late 2023 for alleged business with Russian entities.

Police in Monaco are searching for a suspected bomber after a Ukrainian business tycoon, identified as Vadym Iermolaiev, was injured in an attack on Monday. A booby-trapped device detonated shortly before 9 p.m. at a residential building in the principality, injuring two adults and a child. Two of the victims sustained serious injuries and were hospitalized in Nice, France.

I want to have international protection. The Ukrainian judicial system, to put it mildly, is not ideal, and the tax system is not objective.

— Vadym IermolaievExplaining his decision to renounce Ukrainian citizenship in a previous interview with Forbes Ukraine.

Iermolaiev, once among Ukraine's wealthiest individuals, renounced his Ukrainian citizenship in 2017, opting for a Cypriot passport. He cited issues with the Ukrainian judicial and tax systems as reasons for his departure. His wife, Anna Iermolaieva, stated the family is under "tremendous stress" and cooperating with the investigation.

This is the first time in history, to my knowledge, that such an act has taken place in the principality.

— Christophe MirmandCommenting on the unprecedented nature of the bomb attack in Monaco.

Known as a significant property developer in Dnipro, Ukraine, Iermolaiev was listed as the 45th wealthiest Ukrainian in 2021. However, in late 2023, Ukrainian President Volodymyr Zelenskyy imposed sanctions on him, alleging business dealings with Russian entities in occupied Ukrainian territories. Ukraine's foreign ministry has not yet commented on his citizenship status or the attack.

criminal

— Prince Albert II of MonacoDescribing the bomb blast.

Authorities identified a suspect fleeing Monaco towards the French town of Beausoleil via video surveillance. Monaco's minister of state, Christophe Mirmand, described the incident as unprecedented for the principality and called for "extreme vigilance." Prince Albert II of Monaco condemned the blast as "criminal" and a "shock for the entire Monegasque community."

a shock for the entire Monegasque community

— Prince Albert II of MonacoReacting to the bomb blast.
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Originally published by Irish Times. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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