Ukraine nationalizes factories of Russian oligarch Deripaska worth ₴10B

Ukraine nationalizes factories of Russian oligarch Deripaska worth ₴10B

Ukraine nationalized the factories owned by sanctioned Russian oligarch Oleg Deripaska worth over UAH 10 billion.

"Considering files of the Security Service, the High Anti-Corruption Court upheld the claim of the Ministry of Justice on the transfer of the enterprises owned by Russian oligarch Oleg Deripaska to the state ownership of Ukraine," the Security Service of Ukraine posted on Telegram.

The judgment concerns the Mykolaiv Alumina Plant, as well as the underground mining companies "Hlukhiv Quartzite Quarry", "Khust Quarry", and "Zhezheliv Quarry".

The value of the property transferred to Ukraine is over UAH 10 billion.

It was established that Deripaska, who belongs to the entourage of the military and political leadership of the Russian Federation, managed enterprises through controlled commercial structures in various regions of Ukraine.

Thus, the Russian oligarch tried to hide his links to Ukrainian assets.

However, the employees of the Security Service exposed the scheme and initiated the transfer of 100% of Russian property to Ukraine’s revenues.

As reported, at the end of January, Ukraine froze UAH 32 million in assets of the largest producer of metallurgical alumina and aluminum hydroxide owned by a sanctioned Russian oligarch.

Photo: Simon Dawson / Bloomberg

While citing and using any materials on the Internet, links to the website not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: