Explosion in Monaco Targets Ukrainian Businessman Under Sanctions

By AJP Posted : June 30, 2026, 16:00 Updated : June 30, 2026, 16:00
Monaco police patrol near the site of the explosion on June 29. The blast injured a Ukrainian businessman and two others. [Photo: AFP Yonhap News]
A blast occurred in a residential building in Monaco, injuring three people, including a Ukrainian businessman believed to be Vadim Yermolayev. Yermolayev is under sanctions by the Ukrainian government due to alleged ties to Russia.
According to reports from AFP and AP, the explosion took place around 9 p.m. local time on June 29 in the lobby of the residential building near the Monaco-France border.
Monaco authorities believe the explosion was triggered after a man left a bag or parcel inside the building and departed.
A couple in their 50s to 60s sustained life-threatening injuries, while a 13-year-old boy, who appeared to be related to them, suffered lighter injuries and was transported to a hospital in France.
AFP cited investigative sources stating that one of the injured individuals is Yermolayev, although Monaco authorities have not officially confirmed the identities of the victims.
Yermolayev is a Ukrainian businessman residing in Monaco, who was sanctioned by the Ukrainian government in December 2023 due to allegations of conducting alcohol-related business in the Russian-occupied Crimea.
Monaco authorities are treating the incident as a deliberate attack and have launched an investigation. Christophe Miromm, Monaco's Minister of State, stated, "It appears that the explosive device contained bolts and pellets," adding, "This type of incident is unprecedented in Monaco."
The suspect is believed to have crossed on foot into France immediately after the explosion. Authorities are tracking the suspect using CCTV footage from the nearby area of Beausoleil in France.
Monaco's Prince Albert II condemned the incident as a "despicable crime."



* This article has been translated by AI.

Copyright ⓒ Aju Press All rights reserved.