Ukraine seizes Deripaska’s “new” assets worth UAH 2.1 billion

According to the materials of the SBU, the court seized a large batch of industrial products and raw materials owned by Russian oligarch Oleg Deripaska.

This concerns almost 500 thousand tons of bauxite and alumina, which was produced in Ukraine even before the full-scale invasion, the SBU reported.

The raw materials were stored in the warehouses of the Mykolaiv Alumina Plant, which previously belonged to a Russian.

The total value of the seized assets is over UAH 2.11 billion. These products were the main component for the production of aluminum at Oleg Deripaska’s Russian plants Rusal.

According to the case materials, the seized bauxite and alumina belonged to the oligarch from the Russian Federation through a controlled commercial structure registered in one of the European Union countries. It was this company that acted as the formal customer of the Mykolaiv Plant’s products for further re-export to Deripaska’s Russian enterprises.

In early 2023, Ukrainian law enforcement officers uncovered the deal and blocked the shipment of these raw materials.

Oleg Deripaska is a member of Vladimir Putin’s inner circle and is engaged in the production of products for the Russian military-industrial complex. In particular, his factories manufacture components for Iskander ballistic missiles, combat drones, and radar systems.

SBU investigators informed him in absentia of suspicion under several articles of the Criminal Code of Ukraine, including financing of war. Also, according to the SBU materials, all of the defendant’s factories located in different regions of Ukraine were nationalized.

Earlier, USM reported that Ukraine plans to privatize the Mykolaiv Alumina Plant.