Nikolaev Alumina Plant, OK RUSAL, Ukraine

History

2023: Nationalization of the enterprise in Ukraine

Ukraine has nationalized the assets of companies that, according to local authorities, are associated with Oleg Deripaska, Yevgeny Giner, as well as Arkady and Igor Rotenberg. This was stated in the State Bureau of Investigation of the country in July 2023.

They clarified that we are talking about "exposing dozens of companies" whose activities fall under the Ukrainian sanctions. As a result of nationalization, the state treasury received the assets of several Russian businessmen worth billions of hryvnia. Thus, the Ukrainian authorities nationalized the Glukhovsky quarry of quartzites and the Nikolaev alumina plant. In Kyiv, he is associated with the Russian businessman Deripaska.

Oleg Deripaska

As the representative of Deripaska explained to RBC, the businessman has not managed this asset for a long time: he is a member of Rusal. The press service of Rusal confirmed to the publication that the plant was confiscated from the company by the decision of the Supreme Anti-Corruption Court of Ukraine. There, the confiscation was considered illegal and declared the right to challenge this decision.

In addition, the Ocean Plaza shopping and entertainment center was nationalized (it is alleged that the asset with an estimated value of more than $350 million is affiliated with Rotenberg) and 88.89% of the shares of the joint-stock company First Investment Bank (associated with Giner), writes RBC. The court also arrested 72.9% of Kirovogradoblenergo shares, seven hotels and two shopping centers with a total value of UAH 2 billion.

In addition, various shares of the authorized capital and property of Russians in other sectors of the Ukrainian economy, in particular 100% of Avangard-Vilarti LLC, which, in addition to Ocean Plaza Project (Cyprus) LTD, also owns Itoder Investments Limited and 66.65% of the Lybid Investment Union, were nationalized. Among the owners of nationalized assets, the RRB also names Russians Alexander Ponomarenko and Alexander Skorobogatko.^[1]

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