SBU reported the nationalization of Russian oligarchs of Chemezov and silk

The court granted the lawsuit of the Ministry of Justice of Ukraine about the nationalization of four enterprises, which, according to the SBU, belonged to the Russian oligarchs Sergey Chemezov and Mikhail Shelkov. According to the press service of the SBU, the total value of the property transferred to the Ukrainian state is at least 2 billion hryvnias ($ 54.4 million).

According to the court decision, the Demurinsky Mining and Processing Plant, the manufacturer of the pipes of VSMPO Titan LLC, engaged in the sale of metals, the company Thai-Minerals LLC and agricultural holding Invest Agro were nationalized. The SBU claims that Chemezov and Silkov ruled these enterprises through the Russian PJSC “VSMPO-Avism Corporation”, which specializes in the production of titanium. According to the Ukrainian special services, this enterprise is part of the military-industrial complex of Russia.

According to the SBU, after the start of the invasion of Russian troops to Ukraine, they tried to hide their connection with Ukrainian assets, transferring their management to commercial structures in the Dnipropetrovsk and Sumy regions. The transactions, however, were identified and blocked in time.

According to Transparency International Ukraine, the silk in the past headed the investment unit of the Rostec state corporation, which controlled military contractors in Russia. The general director of the company is Chemezov.