Ukraine Seizes Rusal Alumina Plant, Deripaska-Linked Assets
- Ukraine seizes more than 300 linked assets, ministry says
- Mykolayiv alumina plant has been offline since March 2022
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Ukraine is confiscating a key alumina plant linked to United Co. Rusal International PJSC and other assets it says are owned by Russian billionaire Oleg Deripaska, under sanctions the government imposed after Russia’s invasion last year.
More than 300 assets linked to Deripaska and Rusal have been transferred to the state, Ukraine’s Justice Ministry said in a website statement, citing a decision by the top anti-corruption court on Feb. 16. The Mykolayiv alumina refinery has been offline since early March 2022, after Russia bombed the southern city.