Ministry of Justice nationalizes assets of Russian oligarch Deripaska
13.03.2025 - 16:25
The Ministry of Justice has filed a lawsuit to nationalize the assets of a sanctioned Russian oligarch worth UAH 2 billion.
This was reported by the Office of the Prosecutor General of Ukraine.
The Ministry of Justice of Ukraine has filed a lawsuit with the Supreme Anti-Corruption Court to impose sanctions on a Russian aluminum company and its owner and to recover assets belonging to them as state revenue.
“This lawsuit provides for the nationalization of more than 440 thousand tons of bauxite and 110 thousand tons of metallurgical alumina with a total value of more than UAH 2 billion,” the Prosecutor General’s Office noted.
The owner of the raw materials is Russian oligarch Oleg Deripaska, who owns one of the largest aluminum producers, Rusal.
Aluminum products were supplied to Russian defense enterprises that directly produce military equipment, weapons and ammunition for the Russian Federation.
As a reminder, the seized bauxite and alumina belonged to an oligarch from the Russian Federation through a controlled commercial structure registered in one of the EU countries. It was this company that acted as the formal customer of the Mykolaiv Alumina Plant’s products for further re-export to Deripaska’s Russian enterprises.
