War & Art: The NACP published a private collection of works of art of Russian oligarch Abramovich worth almost US$1 billion 

11.10.2023
War & Art: The NACP published a private collection of works of art of Russian oligarch Abramovich worth almost US$1 billion 
The NACP has published one of the largest lists of artworks in a private collection. It is the collection of Russian oligarch Roman Abramovich. The list includes 367 works of art estimated at almost USD 1 billion. Russian oligarchs use works of art to avoid and circumvent sanctions, preserve, and conceal their wealth. The best way to counteract this is to make information about the works of art owned by sanctioned persons public. For this purpose, the NACP conducted a thorough analysis and collected all known works of art owned by the oligarch in one list on the "War and Sanctions" portal. The information published by the NACP cannot be found on the official websites of auction houses that sell artwork. Roman Abramovich was present at Putin's meeting with Russian oligarchs prior to Russia's full-scale war against Ukraine, where the consequences of the war, including future sanctions, were discussed. The oligarch transferred the rights to this particular collection to his ex-wife a few weeks before Russia's invasion of Ukraine, probably to avoid the consequences of sanctions.
"By having such an open database of artworks, we can prevent their circulation in the industry and use them to circumvent sanctions. Our goal is to seize these artworks from sanctioned individuals and sell them. The proceeds should be used to help rebuild Ukraine. This is the only way to ensure that such works are returned to true collectors who respect their true value and do not use them as tools of crime," said NACP Head Oleksandr Novikov.
The NACP calls on all responsible participants in the art market to disclose information about art objects owned by Russian oligarchs and use the data from the War and Sanctions portal. Thus, you can avoid transactions with such works that may be further qualified as a circumvention of sanctions. More about the War and Art project can be found here. The role of the NACP in sanctions policy is envisaged in the Roadmap for Individual Sanctions developed by the Stanford International Working Group on Russian Sanctions.

Latest News

30.10.2025
17:51
Growing challenges and unchanged staffing: why the NACP needs to strengthen its institutional capacity
29.10.2025
12:30
The NACP and EUACI have developed a universal methodology for assessing the integrity of municipal enterprises
28.10.2025
17:45
How reports of corruption are reviewed: why not every signal becomes the basis for further verification
16:50
The IMF and the World Bank support Ukraine in strengthening its anti-corruption system: results of the NACP team’s working visit to the United States
27.10.2025
13:30
Lobbying: administrative liability for illegal activities and violations of legislation in this field
24.10.2025
17:15
Ukraine has moved closer to international standards of business integrity - OECD assessment results
14:45
Ukraine and Moldova deepen cooperation in the field of corruption prevention: NACP and ANI signed a memorandum of cooperation
22.10.2025
18:45
Full audits of declarations: Mayor of Pervomaisk notified of suspicion for false asset declaration
17:00
Reform of the Medical and Social Expert Commission: NACP calls for further improvement of the procedure for determining disability
20.10.2025
15:18
Anti-corruption compliance is a fundamental requirement for businesses participating in public procurement or attracting foreign investments – Head of the NACP at CSPF-2025
14:15
What is the difference between a conflict of interest in lobbying and a conflict of interest of a public official?
17.10.2025
15:30
Ukraine demonstrates steady progress in the field of whistleblower protection – conclusions within the framework of the 5th round of OECD monitoring
15.10.2025
18:30
Head of the NACP at the OGP: Ukraine demonstrates that even in times of war, it is possible to implement innovative accountability mechanisms to strengthen integrity
15:18
Transfer of Ministry of Defense of Ukraine developments to verified companies for serial production: government approves resolution taking into account all NACP recommendations
12:15
NACP at the Donbas Media Forum: transparency of reconstruction and the role of investigative journalism in the regions
14.10.2025
18:15
Road salt with a markup of UAH 2 million: law enforcement officials notify a Kyiv city state administration officer of suspicion based on NACP materials
16:15
Changes to the procedure for full audit: what now counts as “false” and “inaccurate” information, new grounds for suspension and termination of audit, protection of declarants’ rights
11:30
Ukraine improves mechanisms for preventing conflicts of interest and financial control instruments - OECD assessment results
11:28
Subject of lobbying: what a lobbyist can influence and what exceptions are provided
13.10.2025
15:30
NACP presents the strategy for the development of integrity in education for 2026–2030
Чат-бот Telegram
contact center
Чат-бот Telegram
Contacts
+38 (044) 200-06-94 info@nazk.gov.ua
працює з 9:00 до 18:00
Технічна підтримка
support@nazk.gov.ua