Lithuania Detected And Added Another Shakutin Company To The National Sanctions List
1- 23.06.2025, 8:20
- 3,490

The blacklist could expand.
This year, the interests of Minsk and Vilnius converge in what is "pushing" Alexander Shakutin. In April, the Belarusian authorities took away his holding Amkodor, and recently, the Lithuanian authorities have added another company of the disgraced businessman to the national sanctions list.
According to the portal "Belarusians and the market", the company in question is Ignatik, created in 2012 by Alexander Shakutin and his partner Igor Subbotin. It was discovered by the Financial Crimes Investigation Service of the Ministry of the Interior of the Republic of Lithuania (FTTN).
This decision, however, neither cold nor hot for Shakutin and Subbotin: Ignatik, whose activity is the purchase and sale of real estate, stopped operations in 2021 and in recent years generated losses in the range of 20 thousand euros per year.
Ignatik is the fourth business of Alexander Shakutin in the national sanctions list of Lithuania. Alexander Shakutin became one of the first Belarusian businessmen, on a personal level, caught in the EU sanctions list. This happened in 2020. At the same time, the Lithuanian authorities included the businessman's assets in the country - Amkodor Baltic, Em industry and Em system - in the FTTN list. Igor Subbotin, who has also been on Brussels' "personal" blacklist since December 2024, also participates in Em system.
Total of 17 Belarusian and Russian companies are currently on the FTTN list. Belarus is also "represented" by the former distributors of the Belarusian Metallurgical Plant and Minsk Tractor Plant - Prekybos namai BMZ-Baltija and MTZ Traktorius.
But, apparently, the list may expand. Just last week, the Lithuanian Seimas approved amendments to legislation allowing for the imposition of national economic sanctions against Russia and Belarus, similar to those applied by the EU.
According to them, the Lithuanian government can impose two types of sanctions: asset freezes and sectoral, i.e. economic restrictions.
"In both cases, lists of persons and companies subject to sanctions will be formed by the Cabinet of Ministers," the report said. This measure is reportedly necessary if the EU sanctions, which expire on July 31 this year, will not be extended, for example, because of a possible veto by Hungary.
As for Shakutin, it turns out that the only country in which he has assets and which does not impose sanctions against him and does not nationalize property, is Russia.
And these assets are quite decent. Shakutin lost his shares in the holding Amkodor, which was transferred under the management of BelAZ, but not his stakes in the network of distribution companies and factories in Russia.
Today he owns 50% in Amkodor-Onego and Amkodor-Alga, and 23% in Amkodor-Agidel. He and his family also control about 10 trading companies, including Amkodor-Spamash, Amkodor-Center, Amkodor-Bel, Amkodor-Yug and others.