Bogoljub Karić
Current assets: Arkora Development (Dubai Water Front/Belinte-Roba), Library Lane (Emirates Blue Sky/Zomex Investment), Dana Astra, Capital Palace, Luxudo, Dubai Investment, Grand Atrium Development, G Five Construction (construction); Russelville Limited (Cyprus), Elaiva Trading Limited (Cyprus), Ozalco Holding Limited (Cyprus), Rodrick Limited (Cyprus), Triworst Limited (Cyprus), Enterprise Developments Holding Limited (UAE) (investments); apartments in Dubai.
Historical assets: Dana Holdings (Cyprus).
Connections: Liliya Lukashenka (former top manager), Dragomir Karić (brother), Milanka Karić (wife), Nebojša Karić (son), Nadežda Lazarević (daughter), Danica Karić (daughter), Jelena Lazarević (daughter), Olivera Nedeljković (sister), Mohamed Ali Alabbar (former partner), Nagip Behluli (family friend, manager), Mostafa El-Tobgy (family friend, manager).
Privileges: The Karić family became a major real estate developer in Minsk during Aleksandr Lukashenko’s rule. They are best known for their projects Mayak Minska and Minsk-Mir. For these construction projects, Lukashenko issued separate decrees granting land to Serbian businessmen without holding auctions, exempting them from taxes and customs duties, and providing budget funds for the construction of infrastructure in the developing neighbourhoods. These preferential terms are estimated to be worth approximately one billion dollars.
The Karić family has grown close to the Lukashenko family over many years of working in Belarus. At the invitation of Bogoljub Karić’s brother, Dragomir Karić, the Belarusian leader visited the popular Serbian resort of Kopaonik. The businessman was later appointed as the honorary consul of Belarus in Belgrade. Milanka Karić, wife of Bogoljub Karić, frequently travelled with Viktor Lukashenko, the eldest son of the Belarusian leader. Viktor's wife, Liliya Lukashenka, worked at the Dana Astra company for some time. This company is the developer of the Minsk-Mir complex. The Karićes were also known for managing Lukashenko’s residence on the Minsk Sea, known as Vostok.
Restrictions: EU sanctions were imposed on Dana Holdings and Dana Astra in December 2020. In August 2021, the US imposed sanctions on the Serbians' business, branding the Karićes "Lukashenko's construction wallets". The sanctions targeted Nebojša Karić, son of Bogoljub, Dana Holdings, Dana Astra, Emirates Blue Sky and Dubai Water Front. The EU also imposed restrictions on Bogoljub Karić in June 2022. The businessman took the issue of the sanctions to court, but his lawsuit was dismissed. At the same time, in August 2025, the U.S. Treasury Department lifted sanctions on the Cyprus-based company Dana Holdings and Nebojša Karić.
