Russian coal, tax schemes, and state privileges: how Dmytro Kovalenko shut down Adelon AG and built a new empire
Entrepreneur Dmytro Kovalenko, operating via the Swiss company Adelon AG, acquired coal from Russian suppliers MelTEK, Sibenergougol, and Sibpromnedra for over $100 million between 2021 and 2022. Invoice and customs records indicate that these transactions persisted even after the full-scale invasion began.
HAB Media