‘He isn’t political’: the Ukrainian-born oligarch targeted by a Monaco bomber

Nobody paid much attention to the man with the backpack, as he approached the entrance to a beige-coloured Monaco apartment building. It was 9pm, Monday evening. The street – rue Révérend-Père-Louis-Frolla – is located in a quiet hillside part of the wealthy principality, close to the border with France. The man left his bag on the front steps. Soon afterwards, the Ukrainian-born oligarch Vadym Iermolaiev emerged, together with his wife and their 13-year-old child. There was an explosion and CCTV captured an image of the suspect, wearing a black jacket and a bucket hat, running from the scene towards the neighbouring French town of Beausoleil. All three victims were injured and taken to hospital. According to reports, the oligarch’s wife was critically hurt. As European police searched for the bomber, the unanswered question was why someone wanted to kill Iermolaiev, one of Ukraine’s richest businessmen, with a fortune estimated at $225m (£170m). Iermolaiev is a real estate developer who was born and raised in the Ukrainian city of Dnipro. His company, the Alef Group, also has interests in agriculture and vodka production. In 2018 the oligarch gave up his Ukrainian passport and acquired EU citizenship from Cyprus. As well as Monaco, he is a frequent visitor to London and Paris. …