The High Anti-Corruption Court of Ukraine has satisfied the claim of the Ministry of Justice on the transfer to state ownership of enterprises, which, according to the authorities, belong to the Russian businessman, founder of UC Rusal Oleg Deripaska, reports the Security Service of Ukraine. According to the agency, the value of the assets transferred to Ukraine is more than UAH 10 billion (about $270 million).
The court decision concerns the Nikolaev Alumina Plant, the Glukhovsky Quartzite Quarry, Khustsky Quarry and Zhezhelovsky Quarry companies, the SBU reports. The department believes that the businessman managed enterprises through controlled commercial structures in different regions of Ukraine and thus “tried to hide his attitude to Ukrainian assets.”
According to the Office of the Prosecutor General of the country, a total of 350 properties worth UAH 2 billion (about $54 million) were nationalized. Among them there is also a seaport complex, apartments, administrative buildings, production workshops, transport and special equipment.
RBC sent a request to Deripaska’s representative.
The Ukrainian Ministry of Justice filed a lawsuit to seize assets, including the Nikolaev alumina plant, in early January. In March 2022, UC Rusal announced that it had suspended production at it “due to the inevitable logistical and transport problems in the Black Sea and adjacent areas.” In July, a Ukrainian court seized corporate rights and funds on the accounts of the plant as part of a criminal case on charges of tax evasion and embezzlement of property against management, Liga.net reported.
UC Rusal was sanctioned by Kyiv in 2016, and Deripaska in 2018. At the same time, the United States introduced measures against the businessman, and after the outbreak of hostilities in Ukraine, the EU and Great Britain.