The court seized the property of the former owner of Rodnye Polya worth 24 billion rubles following a lawsuit filed by the company.
Following a complaint from a nationalized grain trader, the court seized the property of its former owner.
The Rostov Region Arbitration Court has seized the movable and immovable property of Petr Khodykin, the former owner of the grain trader Rodnye Polya (formerly RIF Trading House). This follows from the court's records. The company itself filed the lawsuit, also requesting that Mr. Khodykin pay 24 billion rubles.
A grain trader filed a lawsuit, asking the court to invalidate several decisions made by RIF regarding Pyotr Khodykin. These decisions concern dividend distributions in favor of the former owner, made between July and December 2023. The reasons for the lawsuit are not disclosed. According to the document, Rosimushchestvo is acting as a third party in the lawsuit.
In the lawsuit, Rodnye Polya explains the need for such interim measures by the fact that Mr. Khodykin “holds foreign citizenship and a residence permit in another country, and resides outside the Russian Federation.” Because of this, the former owner could transfer all of his funds “to a foreign jurisdiction.” This would make it impossible to enforce the court's decision if it is upheld, the document notes. Pyotr Khodykin is a citizen of St. Kitts and Nevis and a resident of the UAE.
The court seized the businessman's property, “as well as funds in bank accounts and other credit institutions, including funds that will be deposited into these accounts in the future… up to a total of 24 billion rubles.”
Rodnye Polya LLC's assets include its own fleet (11 seagoing vessels), railway rolling stock, a cargo terminal, and over 200 related infrastructure facilities. Its market capitalization exceeds 58 billion rubles, with annual revenue of 299 billion rubles and gross profit of 100 billion rubles. In February 2025, Rosimushchestvo acquired 100% of the grain trader's shares.
