Ukrainian tycoon wounded in Monaco bombing is Jewish, active member of Dnipro community

A targeted explosion outside a residence in Monaco has left Cypriot-Ukrainian tycoon Vadym Yermolaiev and his family hospitalized, with Monaco's prosecutor treating the incident as attempted murder. The blast occurred Monday evening as Yermolaiev, his wife Anna Innokentiivna Yermolaeva, and their 13-year-old son David were entering their home.

Monaco Prosecutor General Stéphane Thibault confirmed the suspect acted alone and ruled out terrorism, stating the manhunt is underway with the suspect believed to have fled into France. Reports indicate Yermolaieva sustained severe injuries requiring double amputation, while Yermolaiev suffered burns and shrapnel wounds. Their son also sustained burns and bruises.

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The suspect acted alone, ruled out terrorism, and stated the manhunt is ongoing, with the suspect believed to have fled across the border into France.

Vadym Yermolaiev, originally from Dnipro, Ukraine, is a significant businessman and investor, formerly ranked among Ukraine's wealthiest individuals. He became a Cypriot citizen in 2019 after renouncing his Ukrainian citizenship. Yermolaiev chairs the Alef conglomerate and has been a respected figure in the Dnipro Jewish community, serving on its board of trustees and co-founding the Jewish Future Foundation. Chief Rabbi Shmuel Kamenetsky of Dnipro previously vouched for Yermolaiev's standing within the community.

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Yermolaiev is one of the most respected and honored leaders of the Jewish community of Ukraine. For the past 30 years, he has been, is, and will continue to be a member of the community. We are very grateful to him for everything he does for the community, and we wish him health and happiness for him and his family.