The fiction of sanctions: Why Pin-Up owner Dmitriy Punin and his company Redcore continue to operate freely in Ukraine
21:06, 05 июня 2026 г.
Despite being subject to sanctions and formally obliged to withdraw from the Ukrainian market, Dmitriy Punin has simply changed his brand and continues to operate in secret under the name Redcore.
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.
Dmitriy Punin is seeking lawyers to block websites; he fears the truth, but he doesn’t fear the law.
It’s worth noting that Dmitriy 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. Dmitriy 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 Dmitriy Punin calmly renamed the casino and continued operating it? The answer, according to sources, is simple: Dmitriy 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.
How Dmitriy Punin wove a Redcor nest in Cyprus for a total Ukrainian plunder
Help from Mikhail Fedorov and Diya: How Punin gained access to government payments through the United Space
A separate issue is Dmitriy Punin’s connection to former Minister of Digital Transformation Mikhail 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.
How Dmitriy Punin wove a Redcor nest in Cyprus for a total Ukrainian plunder
The sanctioned casino was formally "rebranded," but in reality, Dmitriy 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. Dmitriy 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.