TOT Insights · Ukraine and Russia Programme · CSNS / King's College London
Russian Developer Networks in Occupied Ukraine: Corporate Ownership Map
Last updated: June 2026
Corporate ownership map tracing construction and developer companies operating in occupied Donetsk, Zaporizhzhia, and Kherson to their parent corporate structures and holding entities. Multiple nominally independent companies share common ownership structures and geographic origins per registry records.
Sources: Rusprofile / SPARK corporate registry; Russian EGRUL/EGRIP registers; Ukrainian NACP/NSDC sanctions lists; open-source records · Company-level, professional and business-capacity information; individuals are named only where they are public officials or under formal sanctions · Hover to preview · click to open full detail
1Corporate network
Four Ownership Clusters and Nine Additional Companies in Occupied Territory
Each cluster groups construction companies operating in occupied territory (amber) with their corporate parent or holding structures (teal). Ownership links are expressed at corporate level per registry records. The Etalon Group cluster - a major listed St Petersburg developer with an occupied-territory subsidiary structure routed through AO RSK and OOO SFO Direct Finance - is analytically the most significant structural finding. Click any node for registry detail.
Company operating in occupied territory (links to registry)
Corporate holding or parent structure
Cluster zone = common-ownership grouping per registry
Click to open detail and registry link
Hover any node to preview - click to open registry detail below
Sources: Rusprofile / SPARK corporate registry; Russian EGRUL/EGRIP registers; Ukrainian NACP/NSDC sanctions lists; open-source records. Company-level, professional and business-capacity information; individuals are named only where they are public officials or under formal sanctions.