Ukrainian businessman, former member of parliament, and one of the most prominent major investors in Ukraine’s metallurgical industry, Vadim Novinsky, has been granted Serbian citizenship, according to the Serbian business portal Parametar.
According to Parametar, the decision to grant Novinsky citizenship of the Republic of Serbia was made by the country’s government on September 24, 2026, and published in the official “Službeni Glasnik.” The document was signed by Serbian Prime Minister Džuro Matsut.
Novinsky was born on June 3, 1963, in Staraya Russa, in what is now Russia, but he has built a significant portion of his business career in Ukraine. He obtained Ukrainian citizenship in 2012.
In Ukraine, Novinsky is best known as the founder of Smart Holding and a long-time partner of Rinat Akhmetov’s SCM Group in the mining and metallurgical group Metinvest. Smart Holding held a 23.76% stake in Metinvest. The group’s business interests also spanned shipbuilding, the agricultural sector, real estate, and other areas.
In late 2022, Novinsky announced that he had transferred his assets to a trust. Metinvest subsequently stated that Novinsky is not a beneficiary of the company and does not exercise actual control over it.
Novinsky was also involved in politics. From 2013 to 2022, he served as a member of the Ukrainian Parliament for several terms, first as part of the Party of Regions faction and later as part of the “Opposition Bloc.”
In December 2022, Ukraine imposed personal sanctions against Novinsky. In January 2025, the State Bureau of Investigations and the Security Service of Ukraine reported that the former People’s Deputy was suspected of high treason and inciting religious hatred. Ukrainian media identified the suspect as Vadym Novinsky. The businessman himself denied the charges against him and called them politically motivated.
In June 2025, Ukrainian law enforcement agencies also reported an investigation into possible tax evasion totaling more than 4 billion UAH involving the former lawmaker, whom the media identified as Novinsky. At this point, these are allegations and investigations, not final, legally binding convictions.
After the start of Russia’s full-scale invasion of Ukraine, Novinsky publicly spoke out against the war.
Serbian authorities have not yet publicly disclosed the specific reasons for granting Novinsky citizenship, nor have they reported on any potential investment projects by the businessman in Serbia.
Source: Serbian business portal Parametar.
