A Ukrainian-born business tycoon, Vadym Iermolaiev, and his family were the targets of an unprecedented parcel bomb assassination attempt in Monaco. The powerful explosion occurred in the lobby of their luxury apartment building on Monday night, injuring Iermolaiev, his wife, and their 13-year-old child. Iermolaiev and his wife sustained serious injuries and are in critical condition. CCTV footage showed a suspect, who is now on the run, fleeing towards the French border. The bomb was packed with bolts and pellets, indicating it was designed for maximum harm. Monaco's government is investigating the incident as attempted murder or targeted killing, not terrorism. The suspect appears to have fled into France, specifically the commune of Beausoleil. This violent act is a first in Monaco's history, prompting a large security response. Iermolaiev, a wealthy property tycoon, had renounced his Ukrainian citizenship and holds significant interests in Crimea, leading to sanctions from the Ukrainian government. Some commentators speculate that Ukrainian intelligence services might be behind the attack due to the sanctions.