Pavel Fuks

Fuks' career began when he moved to Russia after his graduation.[4]

In 2000, he invested in an oil company called Nefthold LLC, which is linked to Russian politicians and government officials.[4]

In 2002, he became involved in the construction business. Among his first projects was the construction of the shopping center "Kaluzhskii," which has operated since 2001.[8][9]

In June 2008, he negotiated with Donald Trump about the construction of Trump Tower in Moscow, but was unable to reach an agreement.[10][11][12][13] Bloomberg failed to verify the claim.[14]

In 2010, Pavel Fuks was the largest shareholder of Sovkombank, where he owned a 21.83 percent stake. In March 2015, he sold his shares, which were valued at US$80 million.[15] As per Ministry of Internal Affairs records, he was given a Russian nickname "Naemnik", which means mercenary in English.[4]

In March 2018, the London International Arbitration Court ordered the now defunct MosCityGroup (MCG) to pay $55 million to a division of BTA Bank. In 2009, MCG bought a stake in the Eurasia Tower (Moscow City) from the former owner of BTA Bank, fugitive and former Kazahh banker, Mukhtar Ablyazov. The new owner of the bank, Kenes Rakishev, stated that MCG did not pay the second tranche totaling 30$ million in a deal to buy a 50% stake in the Eurasia construction project. In addition, the BTA Bank spent 4.2£ million on legal fees. According to Rakishev, the lawyers had filed personal claims against Pavel Fuks.[16][17]

In 2019, an international arrest warrant was issued for the Fuks brothers, who are wanted in Russia and in Kazakhstan for allegedly embezzling millions of dollars from the Moscow-City project.[18]

In 2017, Fuks hired Rudy Giuliani's law firm to help improve Kharkiv's public image.[19]

In January 2018, the English-language channel Al Jazeera published a 99-page report partly based on information from the nominal director of one of the Cypriot offshore companies associated with Pavel Fuks. The document showed that Pavel Fuks was negotiating the purchase of the Cypriot company, Quickpace Limited, which had assets of $160 million in the accounts controlled by the fourth President of Ukraine Viktor Yanukovych and sanctioned oligarch Serhiy Kurchenko. As a result, in September 2015, Fuks, together with Oleksandr Onyshchenko, acquired the frozen assets of Quickpace Limited for $30 million (in proportions of 33 percent and 67 percent) and a private jet.[20][21][22]

Fuks sold his business assets in Russia in 2011–2012. He completely moved to live in Ukraine in 2015. Pavel Fuks started to invest in Ukrainian assets in 2014.[23]

Fuks had Russian citizenship, but in June 2021, he indicated that he had renounced it.[6] Fuks claims that in 2017, he had handed over his Russian passport at the consular department of the Russian Embassy in Ukraine.[6]

On July 19, 2022, Fuks won a lawsuit against American lobbyist Yuri Vanetik in the U.S., obliging him to return Fuks $200 thousand and interest due to dispute over Trump inauguration events Fuks wanted to attend. Vanetik said he planned to appeal the ruling.[24][25]

According to Rolling Stone, Fuks on the eve of Russia's full-scale invasion of Ukraine launched a false flag campaign to justify Russian invasion. According to the publication, Fuks paid local residents of the city of Kharkiv to paint swastikas on the walls of synagogues.[26][27] Fuks has called a Rolling Stone investigation as ravings.[28]

On 1 November 2018, Russian sanctions were imposed against 322 citizens of Ukraine, including Fuks.[29]

In 2019, he was charged in absentia for embezzlement of funds.[30]

On 18 June 2021, the National Security and Defense Council of Ukraine imposed sanctions against Fuks.[31] Fuks announced he would challenge it in court.[32][33]

In May 2023 Ukraine issued a notice of suspicion on Fuks, accusing him of tax fraud and illegally seizing assets belonging to Ukrainian companies worth more than ₴100 billion.[34]

Fuks (third from the right) at the signing of the Declaration of Intent to create the Memorial Center of the Babi Yar in Kyiv on 29 September 2016.

Fuks was the co-organizer of the construction of the Babyn Yar Holocaust Memorial Center, which was projected to cost an estimated US$50 to 100 million.[41] According to Fuks, the structure of the memorial will include educational programs, a research center and a museum.[42]

On 19 March 2017, the Supervisory Board of the Memorial Center for the Holocaust "Babi Yar" was established, and included Pavel Fuks, the Mayor of Kyiv Vitali Klitschko and his brother, the professional boxer Wladimir Klitschko. The board also included the shareholders of the consortium "Alfa Group" Mikhail Fridman and German Khan, among others.[43][44][7]

Critics of the project, such as Ukrainian Jewish dissident, leader and president of Association of Jewish Communities of Ukraine, Yosyf Zisels, characterized the project as a Russian Trojan Horse.[45][46] In 2021, after the levying of sanctions by the National Security Council of Ukraine against Pavel Fuks for his role in illegally obtaining licenses for the extraction of minerals from Ukraine,[47] the Babi Yar Supervisory Council announced that he had temporarily left the supervisory board with plans to return if the sanctions get lifted.[48]