MOSCOW, April 5. /TASS/. The State Bureau of Investigation (SBI) of Ukraine transferred to the management of the Asset Recovery and Management Agency (ARMA) more than 23 million hryvnia (about $589,000 at the current exchange rate of the National Bank of Ukraine) from the accounts of companies whose ultimate owners, according to the Ukrainian authorities, are Russians.

As reported in the SBI telegram channel, previously the funds in the accounts of these companies were seized by decision of the Pechersky District Court in Kiev.

The SBI added that it concerns the companies involved in the sale of chemical products, in particular paints and varnishes, in Ukraine. Names of the companies are not unveiled. The SBI claims that the companies’ proceeds were sent to Russia.

In March 2022, President of Ukraine Vladimir Zelensky signed the law "On the basic principles of the forced seizure of items of property of the Russian Federation and its residents in Ukraine." On April 1 of the same year, the Verkhovna Rada made a number of changes to it, including in the number of persons whose property in Ukraine is confiscated. The law applies not only citizens of the Russian Federation, but also all those residing or engaged in their main activities there.