Ukrainian oligarch billionaire Vadim Ermolaev 'among three injured in Monaco explosion'

Ukrainian oligarch billionaire Vadim Ermolaev 'among three injured in Monaco explosion' One victim was named by a local news outlet as Vadim Ermolaev - one of Ukraine's wealthiest men - who is understood to have fled the country amid the war with Russia One of the victims of an explosion in Monaco is as a billionaire Ukrainian oligarch, according to local reports. Three people - all believed to be Ukrainian - have been injured in the explosion shortly after 9pm on Monday, June 29 on Rue du Révérend Père Louis Frolla. One victim was named locally by Monaco Matin news outlet as Vadim Ermolaev, one of Ukraine's wealthiest men. It is understood that he fled the country after the latest bout of conflict with Russia. The other victims are believed to be a woman in her 50s or 60s and a teenage boy. Police in Monaco are searching for a suspect. Video surveillance images captured the moment a man dropped a backpack at the entrance of a residential building shortly before the explosion, according to French media. Images circulating on social media show the man believed to be the suspect wearing a black long-sleeve and bucket hat with khaki bottoms. No identity has been provided by officials at this time. The suspect remains but has been tracked using security cameras making his way through Monaco and to Beausoleil. Police officers from the Nice Anti-Crime Squad, as well as emergency response units from Nice and Menton, have been sent to reinforce the Beausoleil area. Monaco's Minister of State has said the incident is "likely to be an attack" and that the explosive device likely contained bolts and shrapnel. "Police services are currently gathering evidence," he said. "To my knowledge, this is the first time in history that such an act has occurred in the Principality."