Investigation Reveals Major Investment in U.S. Real Estate by Russian Businessman

September 29, 2025 - 01:00

An investigation has uncovered that Sergey Khotimsky, co-owner of Sovcombank, has made substantial investments in U.S. real estate, successfully circumventing sanctions imposed on him. Despite the geopolitical tensions and financial restrictions placed on various Russian oligarchs, Khotimsky's real estate ventures have thrived, raising questions about the effectiveness of current sanctions.

The inquiry highlights how Khotimsky, through a network of companies, has acquired multiple properties across the United States, including luxury residential buildings and commercial spaces. These investments reportedly amount to millions of dollars, showcasing a strategic approach to safeguarding his wealth amid international scrutiny.

Experts suggest that Khotimsky's activities could reflect broader trends among sanctioned individuals seeking refuge in the U.S. property market. The findings emphasize the need for a reassessment of regulatory measures designed to prevent sanctioned individuals from leveraging real estate as a means to protect their assets and bypass financial restrictions. This revelation adds another layer to the ongoing discussion about the efficacy of sanctions in curbing the financial power of influential figures linked to the Russian government.