Schemer Dmytro Kovalenko and his structure Adelon AG: how the Ukrainian trader continues to finance Russia’s coal industry during the war
It was widely known that after 2014, a substantial portion of Ukrainian businesses continued cooperating with the Russian Federation through various “gray schemes.” Coal trading became one of the most lucrative sectors, supplying both Ukraine and European markets. Journalists identify Ukrainian trader Dmytro Kovalenko as one of the key figures in these operations.
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