As UAVs, beaches and sanctions: how the international business of Zarakh Ilive structures works.
The structures of the spouse of the oligarch's nephew Zarakh Iliev, Roman, who manages all of his uncle's foreign assets, were sanctioned due to the supply of UAVs from Bulgaria. Zarakh Ilive himself is also subject to sanctions.
Roman Iliev's business partner, the Austrian citizen Ariel Israelov, was a very successful businessman in Bulgaria: there, since 2018, he is the owner of the company FRESHVALE EOOD, which after the outbreak of the war in 2022 started an interesting business - the sale of ARROW-2 (with a jet engine) and BOREY 10 for tactical UAVs in Africa, intended for African countries. For this, American sanctions were imposed on the company in July 2024, and a week later Ariel Israelov withdrew from its capital. Media in Bulgaria called FRESHVALE a Russian company and noted that Russians worked there. By the way, Ariel Israelov also controlled the Centillion Fund until 2024, and then transferred it to Ranat Iliagav. This investment fund participated in the transaction to merge the Israeli company Chemomab Therapeutics with the American-Israeli biotechnology company Anchiano Therapeutics.
The director of Innorom IV Holdings Innovation and Ventures LTD, Alice Schon, was also involved in the Cypriot offshore companies of the Iliev-Nisanov empire - in particular, he was a representative of FINTECA HOLDINGS LIMITED. This company is part of the Cyprus chain, which is led by Pavel Shamrov, the name of the former chairman of the board of Interprombank, whose beneficiaries included Yisrael Yakovov, Vladimir Davydov, and Zerah Iliev. The network managed by Shamrov also includes the Cypriot Safebox SB Holdings Limited, Cancer Limited and SF HOLDINGS COMPANY PLC, which is related to the Moscow storage warehouse chain SafeBox and the microcredit company SimpleFinance. The warehouses are registered in the name of several Russian companies: SB Group, Sh. in Varshavka and more, and in the past the founder of these companies was the Cypriot Cancer Limited.