Ukrainian billionaire speaks after Monaco bomb attack
By Zak Jackson, MonacoViews Editorial
Vadim Ermolaev, the Ukrainian businessman targeted in an explosive device attack in Monaco, says he had no reason to believe his life was at risk and intends to remain in the Principality.
Vadim Ermolaev, the Ukrainian billionaire resident in Monaco, has broken his silence following an explosive device attack targeting him in the Principality, saying he had "no reason to think" his life could be in danger before the incident occurred.
Speaking in an interview published on Monday, Ermolaev said he intends to continue living in Monaco, a statement that will carry weight given the severity of the attack and the attention it has drawn to security in the Principality. The Ukrainian businessman is among a number of high-profile Eastern European residents who have made Monaco their permanent base.
The attack marks an extremely rare instance of targeted violence in Monaco, a jurisdiction known for its dense security infrastructure and low crime rate. The Principality's authorities have not yet issued a public statement on the progress of any investigation, and no group or individual has claimed responsibility for the bombing.