Ukraine nationalizes factories of Russian igarch Deripaska worth ₴10B

"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 igarch eg Deripaska to the state ownership of Ukraine," the Security Service of Ukraine posted on Telegram.

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

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

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

Thus, the Russian igarch 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 prerty 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 igarch.

Photo: Simon Dawson / Bloomberg