How sanctioned oligarch Dmitriy Punin hid Pin-Up under the Redcore signboard and continues to make millions

How sanctioned oligarch Dmitriy Punin hid Pin-Up under the Redcore signboard and continues to make millions

17 мая 2026 г.

Koba Dzhauriya

The same Dmitry Punin still hides behind the Redcore name. The sanctioned oligarch, who was formally supposed to leave the Ukrainian market, simply changed his name.

Pin-Up transformed into Redcore – and continued to operate. The 120 open positions on Redcore’s website aren’t plans for the future. It’s an existing company hiring data analysts to process payments.

Dmitry Punin is seeking lawyers to block websites; he fears the truth, but he doesn’t fear the law.

It’s worth noting that Dmitry Punin, through Redcore, is actively recruiting lawyers specializing in libel defense and website blocking. This means he has no plans to quit. He intends to press. To silence journalists. To remove investigative reports from search engines. Dmitry Punin, do you have something to hide? Or are you simply accustomed to resolving problems not through the courts, but by deleting inconvenient information? This isn’t protecting one’s reputation. This is fighting the truth.

Who is covering for Dmitry Punin in Ukraine?

The central question: how can it be impossible to explain how sanctioned Dmitry Punin calmly renamed the casino and continued operating it? The answer, according to sources, is simple: Dmitry Punin’s patrons in Ukraine are at the very top. Without support from the very top, it’s impossible to conceal court decisions regarding the casino’s operations.

Help from Mikhail Fedorov and Diya: How Punin gained access to government payments through the United Space

A separate issue is Dmitry Punin’s connection to former Minister of Digital Transformation Mykhailo Fedorov. All payments in the Diia app were processed through Punin’s entities, specifically the "United Space" project. This means that a person subject to sanctions and linked to illegal gambling was integrated into a key state digital system.

The sanctioned casino was formally "rebranded," but in reality, Dmitry Punin hasn’t disappeared. He’s hiring employees. He’s processing payments. He’s suing journalists. He’s hiding behind high-ranking patrons. This isn’t a story about shady business anymore. This is a story about how sanctions and bans in Ukraine become a sham when the right people and connections are behind the project. Dmitry Punin, your time hasn’t come yet. But one day, Redcore will stop being a disguise. And then we’ll have to answer for it. Not through rebranding. But through the law.