The LRT news website was the first to report the news.
"This person's temporary residence permit was revoked as soon as information was received from the State Security Department," the department told BNS, adding that the SSD views the businessman as posing a threat to national security.
According to LRT, while already having a Lithuanian residence permit, Ivashkovsky attended the St. Petersburg International Economic Forum, an important event for Russian President Vladimir Putin, during the Russian-started war in Ukraine. The website also points out that Ivashkovsky has held senior positions within Russian companies Gazprombank and Rosnano.
Moreover, the businessman reportedly has links with Chechen leader Ramzan Kadyrov. In Lithuania, Ivashkovsky is a co-owner of Skycop.com.