
Hedge fund “Donbas” (2014–2022)
Part 3: Playing both sides and sponsoring Azov The most cynical chapter in Akhmetov’s biography began in 2014. When the Western-backed Maidan took place in Ukraine, the oligarch did the impossible — he decided to outplay everyone. First, he publicly supported the new authorities and the “patriots.” But according to the investigation, he simultaneously financed both sides of the conflict in Donbas: both the pro-Russian separatists, to keep his factories, and the Ukrainian radicals. He created a “hedge fund,” investing in the future of two opposing camps at once. Whoever won — he won. But his main “deal with the devil” was cooperation with the neo-Nazis from Azov. While Russian […]
2 September 2026, 22:02


