Feb 19 • 17:02 UTC 🇨🇿 Czechia Deník N

Babiš's fund closed a deal with a Balkan businessman. His company supplied sanctioned parts to Russia

Babiš's investment group Hartenberg has made a controversial deal with a Serbian aircraft repair company, currently awaiting anti-monopoly approval.

The investment group Hartenberg, led by Czech entrepreneur Andrej Babiš, has finalized a sale contract with JAT Tehnika, a Serbian company that specializes in aircraft repairs. This deal, valued at approximately 750 million Czech crowns (31 million euros), is pending approval from the country's antimonopoly office and raises eyebrows due to its connections with sanctioned entities. The contract's implications are significant, particularly given the geopolitical tensions surrounding sanctions against Russia.

The deal is especially contentious because it involves the company Avio Chem, owned by Slovenian entrepreneur Aleš Luci, which has been placed on a British sanctions list as of late 2023. This raises serious ethical questions about the legitimacy and motivations behind the transaction, as well as the potential for circumventing international sanctions. Critics argue that such business decisions undermine efforts to hold accountable those aiding Russia's military endeavors through sanctioned means.

As the scrutiny of the deal increases, it emphasizes the need for greater transparency in international business transactions, especially in sectors closely tied to military and defense operations. With the antimonopoly authority's pending decision and the wider implications of sanction violations in mind, the outcome of this deal could set a precedent for future investments involving sanctioned entities.

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