Ukraine to nationalize Oleg Deripaska’s enterprises

The High Anti-Corruption Court of Ukraine fulfilled the justice ministry’s request to transfer to state ownership enterprises owned by Russian businessman Oleg Deripaska.

The court decision concerns a metallurgy plant and several mining companies. The value of the property to be transferred to Ukraine exceeds 10 billion hryvnia (more than 20 billion rubles and 270 million USD).

“It has been established that Deripaska, who belongs to the inner circle of Russia’s military-political leadership, managed enterprises through commercial structures under his control in various regions of Ukraine. In this way, the Russian oligarch tried to hide his links to Ukrainian assets,” says a Security Service press release.

The Prosecutor General’s office reports that the state has also confiscated 350 personal items, together worth more than two billion hryvnia (more than 54 million USD), from the Russian businessman.