The Zaporozhye aluminum smelter was taken away from the Russian oligarch
Zaporozhye, November 12 (Navigator, Victoria Litovchenko) – The Supreme Economic Court returned 68,01% of the shares of the Zaporozhye Aluminum Plant to the ownership of Ukraine.
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“The court’s conclusion about the return of the block of shares of OJSC ZALK in the amount of 423514923 ordinary registered shares with a par value of 0,25 UAH is correct. each, which is 68,01 percent of the authorized capital of the company, to the state of Ukraine represented by the State Property Fund of Ukraine,” says the relevant court decision, published in the Unified Register of Court Decisions on November 12.
Let us recall that previously the shares of the Zaporozhye Aluminum Plant, which is the only aluminum producer in Ukraine, belonged to the Cyprus company Velbay Holdings Limited, associated with the Russian oligarch Oleg Deripaska.
Let us recall that in mid-summer the Russian company RUSAL stopped the Zaporozhye aluminum smelter. The authorities accused the Russians of destroying the Zaporozhye plant.
As PolitNavigator reported, earlier the Lviv Regional Council approached the Cabinet of Ministers with a proposal to nationalize enterprises owned by Russians.
Zaporizhzhia Aluminum Plant Seized from Russian Oligarch