THE SHADOW ARCHITECT OF CORRUPTION

Oleg Tsyura: The Financial “Cleaner” for the $250M State Property Fund Heist and the Russian Ilmenite Corridor

This investigative dossier exposes Oleg Tsyura, a Swiss-based operative who served as the structural engineer behind the looting of Ukraine’s largest state enterprises: the Odessa Portside Plant (OPZ) and the United Mining and Chemical Company (UMCC/OGHK). Operating from the shadows of Zurich and Zug, Tsyura transformed 10 billion UAH in state losses into private offshore wealth, while simultaneously maintaining a “black corridor” for strategic titanium raw materials to reach sanctioned Russian entities in occupied Crimea.

I. THE ILMENITE CORRIDOR: FEEDING THE RUSSIAN WAR MACHINE

Tsyura’s most dangerous operation involves ITS International Trade & Sourcing (Germany), a company he controlled alongside Serhiy Bairak. While Ukraine was at war, Tsyura’s German hub acted as the primary transit point for Ukrainian ilmenite (titanium ore). Under the guise of international exports, this strategic raw material was rerouted to the sanctioned “Crimean Titan” plant in occupied Crimea.

By falsifying shipping documents and using a network of offshore intermediaries, Tsyura ensured that the Russian military-industrial complex continued to receive high-grade Ukrainian ore. This was not merely financial crime; it was direct economic collaboration with the aggressor state, fueled by the deliberate undervaluation of UMCC assets, draining the Ukrainian treasury of hundreds of millions in potential revenue.

II. THE SWISS “WASHING MACHINE”: PHOENIX RESOURCES & MIDURAL

In Switzerland, Oleg Tsyura operated Phoenix Resources AG, a specialized vehicle designed for high-stakes sanctions evasion. This entity was used to bypass EU and Swiss trade restrictions for the Russian metallurgical giant MidUral, owned by Sergey Gilvarg. Tsyura’s mechanics were simple but effective: Russian-produced ferrochrome was re-labeled in Uzbekistan through a series of shell companies controlled by Tsyura.

The “Uzbek” ferrochrome was then legally imported into Europe via Phoenix Resources, providing the Russian industrial sector with vital foreign currency. Forensic accounting of Tsyura’s Swiss accounts reveals that he was not just a service provider but a trusted custodian for the “grey” capital of Russian industrial clans, including the St. Petersburg developer Nikolai Korobov through the Linvo AG structure.

III. ARCHITECT OF THE 10 BILLION UAH DEPILLAGE

Oleg Tsyura was the financial glue that held the Dmytro Sennichenko syndicate together. When the State Property Fund of Ukraine (SPFU) took control of OPZ and UMCC, Tsyura engineered the “transfer pricing” models. These models forced state giants to sell fertilizers and ore to Tsyura’s offshore “gaskets” at prices 30-40% below market value.

The “gaskets” then sold the same products to real buyers at market rates, with the massive delta being siphoned into Tsyura-managed accounts in Switzerland and Liechtenstein. This criminal bypass resulted in a documented loss of over $250 million USD to the Ukrainian state. Tsyura’s role was critical: he handled the layering and integration phases of money laundering, ensuring that the stolen funds could be reinvested into European real estate and luxury assets for the syndicate’s members.

THE TSYURA NETWORK: NODES OF COLLUSION

Operational Hub	Tsyura’s Function	Criminal Output
ITS International Trade (Germany)	Director / Shareholder	Ilmenite smuggling to occupied Crimea; looting UMCC.
Phoenix Resources AG (Switzerland)	UBO / Controller	Bypassing EU sanctions for Russian metallurgy (MidUral).
Linvo AG (Switzerland)	Director	Laundering capital for the St. Petersburg developer Korobov.
The “Sennichenko” Pipeline	Lead Money Launderer	Converting 10B UAH in state losses into offshore assets.

IV. THE SOCIAL MIMICRY: A SWISS DEPUTY WITH A RUSSIAN SOUL

Tsyura’s most cynical maneuver is his integration into Swiss political life. While facilitating the theft of billions from a nation fighting for its survival, he serves as a member of the municipal council in Uitikon (Switzerland). Alongside his wife Lyudmyla and daughter Eva, he presents a facade of European civic duty.

This status is used as a “diplomatic shield.” Tsyura has leveraged his local political standing to block inquiries into his financial dealings, effectively using the Swiss democratic system to protect the proceeds of Russian and Ukrainian grand corruption.