[13] In early 1999, the Neva Holding company, created by him and partners, acquired a 77% stake in the Bulgarian metallurgical plant Promet at a privatisation tender.
Previously as an independent, Novynskyi won the 7 July 2013 by-election in constituency 224 in Sevastopol (located in the southwestern region of the Crimean Peninsula) with 53.41% with a turnout of 23.91%.
[17][18] In the October 2014 Ukrainian parliamentary election Novynskyi was again re-elected into parliament; this time after placing 11th on the electoral list of Opposition Bloc.
[19][20] During 2014–2019 Novynskyi was under criminal investigation for "unlawful imprisonment or kidnapping by a conspiracy" and "abuse of power or authority" for allegedly helping President Yanukovych.
[22] In the 2019 Ukrainian parliamentary election Novynskyi was reelected in parliament as an Opposition Bloc candidate in single-seat constituency 57 (Donetsk Oblast).
[23] Although his parliament seat, along with all his fellow parliamentarians, were suspended during the martial law in effect after Russian full-scale invasion of Ukraine started.
On 23 April 2020, it became known that Metropolitan Onufriy (Berezovsky), Primate of the Ukrainian Orthodox Church (Moscow Patriarchate), ordained Novinsky as a deacon.
[26] In April 2023, Ukrainian domestic intelligence and prosecutors searched his group's offices in Kyiv on the suspicion of tax fraud and supporting Russian interests, and blocked assets worth almost 100 million US$.
[36][37] On 2 December 2022, all business assets of Vadim Novinsky were transferred to the management of a trust company registered in the Republic of Cyprus.
[42] In 2017–2019, he headed the public organisation "Party of Peace", which proclaimed to intensify the negotiation process between Ukraine and the self-proclaimed republics (the so-called "DPR" and "LPR") based on the Minsk agreements.
It was attended by well-known politicians and experts from Ukraine, Croatia, Serbia, Montenegro, Bosnia and Herzegovina, North Macedonia, Austria, Republic of Kosovo.
[48] Known for his uncompromising position regarding the persecution of the UOC by the authorities, he has repeatedly entered into public discussions with officials, including Presidents Petro Poroshenko and Volodymyr Zelensky, on issues of confessional policy in Ukraine.
[51] In October–December 2022, the Novynskyi Foundation purchased and imported hundreds of generators to Ukraine to provide electricity to settlements affected by hostilities and rocket attacks.
The Foundation also supports the rehabilitation program for children and young people diagnosed with cerebral palsy and organic nervous system lesions.
[citation needed] Nevertheless, in July 2019, as part of a delegation of the UOCMP, he visited the Trinity-Sergius Lavra in Sergiyev Posad, Moscow Region.
[55] Accused of assisting Russia in the Russian invasion of Ukraine, on 6 December 2022, and 25 January 2023, he was included in the Ukrainian sanctions list.
[56] Despite[weasel words] condemning the Russian invasion and allegedly actively helping Ukraine,[51][52] the President's Office seized his property worth more than US$1 billion.
[61] At the time of voting, the draft resolution on bringing him to criminal liability was not published on the official website of the Verkhovna Rada as required by Ukrainian law.