Ukraine seeks to seize water company owned by billionaire family of British theatre mogul

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Published: 2026-09-07T04:20:28.176Z • Permanent link

Details of a high-stakes dispute have emerged in Ukraine regarding a water company owned jointly by a British theatre mogul's billionaire family and a Russian oligarch. According to sources, Patarkatsishvili, a prominent Georgian-British businesswoman and her family have been at odds with Russian billionaire Aman Tuleyev over control of bottled water firm Vodokanal. The Ukrainian company, which supplies bottled water to major retailers across the country, has been a focus of the dispute, with reports indicating that Tuleyev is seeking to acquire the majority stake in the business.

Tuleyev, a key figure in Russia's energy sector, has been under increasing pressure in recent years following the country's invasion of Ukraine. His interests have been the subject of scrutiny, with several high-profile companies coming under fire for their ties to the Russian oligarch. The dispute over Vodokanal is seen as a significant development, given the company's prominent position in Ukraine's bottled water market. The Ukrainian government has been urged to take action, with calls growing for the state to intervene in the dispute to protect the country's interests.

Ukrainian officials have been working behind the scenes to resolve the dispute, with sources indicating that negotiations between the two parties have been underway for several months. The dispute has sparked concerns over the potential for further instability in the region, with analysts warning that the situation could have significant implications for Ukraine's economy and trade relationships. The involvement of Tuleyev, a figure closely associated with Russian President Vladimir Putin, has raised eyebrows, with many observers viewing the dispute as part of a broader effort to exert influence over Ukraine's water resources.

The dispute over Vodokanal has significant implications for Ukraine's economy, with the bottled water market being a key sector for the country's trade. The company's products are sold in major retailers across the country, including leading supermarket chains and convenience stores. The loss of control of the business could have a major impact on Ukraine's trade relationships, with the country's economy already feeling the strain of the ongoing conflict with Russia.

The dispute also has broader implications for research communities, with many experts viewing the situation as a test case for Ukraine's ability to protect its economic interests. The country has been working to establish itself as a major player in the global bottled water market, with Vodokanal being a key part of this strategy. The loss of control of the business could set back Ukraine's efforts, with many experts warning that the country's economy could suffer as a result.

The dispute over Vodokanal is part of a larger pattern of instability in Ukraine's economy, with the country struggling to cope with the ongoing conflict with Russia. The conflict has had a major impact on Ukraine's trade relationships, with many countries, including major European economies, imposing sanctions on Russian companies and individuals. The situation has also led to a significant increase in inflation, with many Ukrainians struggling to make ends meet.