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Six Russian oligarch companies were nationalized

Photo: Office of the Prosecutor General

Businesses will operate uninterruptedly in favor of the Ukrainian state, the SBU said.

The High Anti-Corruption Court (HACC) upheld the Ministry of Justice’s claim regarding the nationalization of the assets of sanctioned Russian oligarchs, notably Miron Gorilovsky. The SBU reported this on Tuesday, October 1.

It is implied that we are talking about six companies that are part of an industrial conglomerate Polyplastic Group. Gorilovsky owns their shares through controlled entities and offshore companies.

According to the investigation, oligarch companies supply products for the needs of military bases, factories and occupation authorities of the aggressor country, especially in the temporarily occupied Crimea. They also participated in the production of components for small arms of the Russian Armed Forces.

“Today the court decided to take the corporate rights of these enterprises into Ukrainian ownership to ensure their uninterrupted operation in favor of our state,” the SBU added.

Earlier it was reported that the court recovered corporate rights in companies that are part of the Ukrainian share as state income. Polyplastic groups. But the court’s decision has not yet entered into force.

Polyplastic Group – a transnational conglomerate, one of the largest in the chemical industry in Europe. Miron Gorilovsky is the Chairman of the Board of Directors of LLC Polyplastic Group. He said his factories produce half of all plastic pipes in Russia.
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Source: korrespondent

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