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Who Bombed a Ukrainian Businessman in Monaco? The Answer Depends on Who You Ask

Elena MarquezPublished 3w ago6 min readBased on 3 sources
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Who Bombed a Ukrainian Businessman in Monaco? The Answer Depends on Who You Ask

A Ukrainian businessman who was bombed in Monaco has spoken out for the first time, and he is pointing the finger directly at Ukraine's own spy agency.

Vadym Iermolaiev was attacked in Monaco earlier this year. In a statement released by his lawyers and reported by The Guardian on July 16, 2026, he accused serving and former officers of Ukraine's GUR (the country's military intelligence agency) of organising the assassination attempt against him and his family. That directly contradicts what Ukrainian prosecutors have said. They claim the attack was the work of a single rogue officer acting on his own, without approval from the agency's leaders.

Iermolaiev's words are unambiguous. "Based on the investigative evidence available to us, we have no doubt that serving officers of the main intelligence directorate of the ministry of defence of Ukraine, commonly known as the GUR, were directly involved in this attempted assassination," he stated. He went further, saying the conspiracy "extended beyond the direct perpetrators and organisers to include serving GUR officers connected to them, including individuals close to the agency's current and former leadership."

The attack itself was devastating. The bomb went off as Iermolaiev emerged from a building with his partner, Anna, and their 13-year-old son. He described an explosion "powerful enough to tear apart steel railings and destroy the stone steps outside our home." Anna sustained what he called "catastrophic and irreversible injuries." Their son suffered burns, fractures, and other serious injuries. Iermolaiev said he remains in intensive care and is only beginning the long process of recovery.

French investigators identified the suspected bomber as Anastasiia Berezovska, a Ukrainian national accused of planting an explosive device in a public place. Days after the Monaco attack, Berezovska was found dead near Kyiv. Ukrainian authorities arrested two suspects in her killing: Vladyslav Reut, a serving GUR officer, and Oleksandr Zhykovych, a former law enforcement officer. Prosecutors say the two men forced Berezovska into a car at gunpoint and drove her to a forest about 60km west of Kyiv, where she was killed. In court, Reut claimed Zhykovych was the one who murdered her.

Ukrainian prosecutors say Reut hid his contacts with Berezovska and acted without the knowledge or approval of GUR leadership. Iermolaiev is contesting exactly that story.

The case is an embarrassment for Ukrainian President Volodymyr Zelenskyy and could strain relations with European partners. The timing adds to the pressure: The Guardian reported on July 15, 2026 that Zelenskyy dismissed defence minister Mykhailo Fedorov, though the connection between that dismissal and the Monaco case is unclear. The Guardian had already reported on the mystery on July 10, when it linked Ukraine's security services to the prime suspect.

Ukraine had imposed sanctions on Iermolaiev in 2023. Sanctions are penalties a government uses to restrict a person's finances and movement, usually as punishment for alleged wrongdoing. The Cyprus Registrar of Companies lists a man called Vadym Iermolaiev, according to AP News, placing him within the broader world of Ukrainian business figures operating through European companies.

The two sides now hold irreconcilable positions. Ukrainian prosecutors say one rogue officer hid his actions from GUR leadership. Iermolaiev says serving officers connected to the agency's leadership were involved. Berezovska, the one person who might have been able to connect the Monaco bombing to whoever ordered it, is dead. The two men arrested for her murder have each blamed the other.

What gives Iermolaiev's statement weight is its specificity. By naming the GUR directly and referring to people "close to the agency's current and former leadership," he is not just challenging a criminal case. He is effectively accusing Ukraine's intelligence services of carrying out an assassination on European soil against a sanctioned individual and his family, including a child. If proven true, that would be something very different from a rogue officer acting alone. It would raise questions about who authorised the operation and whether Ukraine's intelligence services are operating inside European countries at a time when Kyiv depends on European security cooperation.

For European governments, the distinction matters a great deal. Intelligence cooperation between countries works on trust that partner agencies follow agreed rules. An assassination on the French Riviera targeting a civilian and his family, if traced to a state intelligence service rather than a lone actor, would damage that trust far beyond this single case. Iermolaiev's decision to speak through lawyers rather than giving an interview reads as a deliberate move to shape the investigation before Ukrainian authorities can close it on their own terms.

The case now has three layers: the Monaco bombing, the killing of the suspected bomber near Kyiv, and the question of who gave the orders. Iermolaiev has drawn the line from the street in Monaco to the leadership of the GUR. Ukrainian prosecutors have drawn it to a single officer and stopped there. The evidence that would settle the contradiction is, for now, in the hands of French investigators, Ukrainian prosecutors, and a dead woman's unfinished story.