--- title: "OW Capital — Stanislav Gamzalov and Inter Cargo: control, sanctions and the separate wagon claim" language: en canonical: https://dossiertwist.com/dossiers/ow-capital/stanislav-gamzalov-and-inter-cargo/ as_of: 2026-10-10 keywords: ["OW Capital Management","KVBZ","Stanislav Gamzalov","ZMK","ELZ","ENA","MASZ","industrial holdings"] --- # OW Capital — Stanislav Gamzalov and Inter Cargo: control, sanctions and the separate wagon claim **Question.** Which ownership and control connections are established, and which proceedings remain open? **Answer.** The record identifies Gamzalov’s OW ownership and IKK control. Ukrainian restrictions, the completed KVBZ recovery and the new 79-wagon request have different legal effects and dates. ## IKK’s current-source control and older shareholders - Analysis: Inter Cargo Company is the Russian transport-leasing company OGRN 1097746377530. Registry history records Gadzhi Murtazaliev’s general-director mandate from February 2021 to August 2024, followed by Stanislav Gamzalov. The 2026 Ukrainian judgment identifies Gamzalov as its beneficiary and controlling executive. Older public records described Dowden Investments at 60% and Sergey Reva and Viktor Nemirko at 20% each in a 2017 ownership snapshot. [s-d10] [s-d19] [s-d27] [s-d87] [s-d120] [s-d204] [s-d242] [s-d261] [s-d262] [s-d263] [s-d353] - Qualification: Removal of founder fields from the Russian joint-stock register in 2022 is not evidence of a completed sale that day. The old 60/20/20 snapshot does not conclusively identify present shareholders. Property taxes and trademark entries do not identify the beneficial owner of every property or establish that the taxes relate specifically to the purchased ELZ site. The pending October wagon claim and the old ELZ asset transaction have different legal statuses. ## Ukrainian restrictions and their legal scope - Analysis: The retained sanctions records identify OW by the same FN 278008k and identify Stanislav Gamzalov separately. They report Ukrainian restrictions under decree 279/2023 from 12 May 2023 for five years, including asset blocking. The subsequent Ukrainian confiscation judgment expressly applies the sanctions framework to the identified shareholder and the OW-held KVBZ stake. [s-d7] [s-d8] [s-d9] [s-d19] [s-d27] [s-d67] [s-d444] - Qualification: Aggregator candidate warnings and control-based tags are screening leads, not separate convictions or proof of a designation by every jurisdiction. This dossier does not certify the absence of sanctions elsewhere. A sanction, a civil confiscation decision and a criminal finding of guilt are different legal events. ## The new request for 79 wagons remains a separate claim - Analysis: On 7 October 2026 Ukraine’s Ministry of Justice announced a new High Anti-Corruption Court claim against Stanislav Gamzalov and Inter Cargo Company seeking recovery of 79 railway wagons. Its announcement alleged that the enterprises materially supported Russia’s armed aggression and referred to the earlier KVBZ recovery. [s-d30] [s-d127] [s-d388] - Qualification: The ministry is a party stating its case. The retained announcement establishes a filed request, not a judgment transferring these 79 wagons or a conviction. This October proceeding must remain separate from the completed January KVBZ judgment and April register transfer. - Response: No substantive response to this new claim, or final ruling on it, is established by the retained October announcement. ## Sources - [s-d10] Other source · s-d10 - [s-d19] Court record concerning OW Capital or the identified participant, Judiciary of Ukraine - [s-d27] Other source · s-d27 - [s-d87] Other source · s-d87 - [s-d120] Other source · s-d120 - [s-d204] Media source · s-d204 - [s-d242] Other source · s-d242 - [s-d261] Other source · s-d261 - [s-d262] Other source · s-d262 - [s-d263] Other source · s-d263 - [s-d353] Other source · s-d353 - [s-d7] Other source · s-d7 - [s-d8] Other source · s-d8 - [s-d9] Other source · s-d9 - [s-d67] Other source · s-d67 - [s-d444] Other source · s-d444 - [s-d30] Media source · s-d30 - [s-d127] Regulatory record source · s-d127 - [s-d388] Regulatory record source · s-d388