Facebook Pinterest Tumblr
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
Search
Buna Times
Buna Times
  • News
  • World
  • Politics
  • Sports
  • Entertainment
  • Technology
  • Healthcare
  • More
    • Lifestyle
    • Opinion
    • Automobiles
    • Markets
    • Economy
HomeWorldSanctions against the owners...
May 12, 2023

Sanctions against the owners of Zaporizhstal were introduced by the President

By David
Facebook
Twitter
Pinterest
WhatsApp


    Ukrainian President Volodymyr Zelensky imposed sanctions against 41 people and 28 companies through which Russia maintained control over the Ukrainian enterprise Zaporizhstal.

    .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } }

    .

    Today is our sanctions day. There are several sanctions packages that have signed the relevant decrees. We are launching the confiscation of the Russian share of the Zaporizhstal plant,” the president wrote on his social networks.

    The sanctions package against Zaporizhstal includes restrictive measures for 41 people – 13 individuals and 28 legal entities. With their help, Russia retained control over the enterprise, harmed the economy of Ukraine

    We are launching the procedure for the confiscation of the Russian share – it will work for Ukraine and Ukrainians,” the president said.

    These decrees are not yet available on the website of the Office of the President.

    Background

    In the early 2010s, the owners of the plant, Eduard Shifrin and Alex Schneider, decided to sell it. The most profitable offer was made by a group of Russian investors through the state-owned Vnesheconombank, they offered the owners of Zaporizhstal $1.7 billion, which prevented Rinat Akhmetov from buying out Zaporizhstal (he even made a deposit for the plant).

    According to analysts, the amount of 1.7 billion dollars. exceeds the existing cost of the plant.

    On August 1, 2016, three repair shops were withdrawn from PJSC Zaporizhstal — mechanical, foundry and metal structures shop. They formed a separate plant – the Zaporizhia Casting and Mechanical Plant (OOO ZLMZ).

    In May 2017, the plant was at the center of an investigation by Wall Street Journal journalists when they managed to trace the path of money from the Russian Vnesheconombank to the construction project of US President Donald Trump’s business partner to build a hotel and Trump Tower in Toronto, Canada.

    When Schneider received about $850 million. for his fate at Zaporizhstal from an unnamed investor, part of the money received, according to journalists, was used to finance a project in Toronto. The participation of Donald Trump, then a private entrepreneur, in the project was limited to licensing his own brand.

    Since June 1, 2017, three more workshops TsRMO-1, TsRMO-2 (metallurgical equipment repair shops) and TsREMC (metallurgical equipment repair shops) have been withdrawn from Zaporizhstal PJSC — they became part of the existing enterprise — METINVEST- LLC PROM, headquartered in Mariupol.

    Officially, 49% of Zaporizhstal’s shares belong to Metinvest Holding. The enterprise works in close cooperation with coke producer Zaporizhkoks and refractory producer Zaporozhogneupor controlled by Metinvest Holding.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

    Related

    - A word from our sponsors -

    Most Popular

    Border guards discovered a man’s body in the mountains near the border with Romania

    Officials suddenly died in the construction of the Ministry of Transport of the Russian Federation

    The case of illegal enrichment of the AMCU leader was moved to court

    Yanukovych’s edition for three days of a wedding daughter in the elite Florence – Suscarbon video

    • Tags
    • economic sanctions
    • News of Zaporozhye
    • President of Ukraine

    LEAVE A REPLY Cancel reply

    Please enter your comment!
    Please enter your name here
    You have entered an incorrect email address!
    Please enter your email address here

    Previous article
    Isis Valverde’s mother vents after taking over dating: “Ridiculous moral sense”
    Next article
    Shakira has a new romance – media

    More from Author

    World

    Border guards discovered a man’s body in the mountains near the border with Romania

    David -
    World

    Officials suddenly died in the construction of the Ministry of Transport of the Russian Federation

    David -
    World

    The case of illegal enrichment of the AMCU leader was moved to court

    David -
    World

    Yanukovych’s edition for three days of a wedding daughter in the elite Florence – Suscarbon video

    In recent days, the public discussed the...
    David -

    - A word from our sponsors -

    Read Now

    Border guards discovered a man’s body in the mountains near the border with Romania

    Officials suddenly died in the construction of the Ministry of Transport of the Russian Federation

    The case of illegal enrichment of the AMCU leader was moved to court

    Yanukovych’s edition for three days of a wedding daughter in the elite Florence – Suscarbon video

    In recent days, the public discussed the Venetian wedding of one of the richest businessmen in the world of Jeff Bezos. However, after all this hype, another strange event, which occurred about three hours after a car from Venice in Italian Tuscany, remained...

    GUR has published an order to increase the number of Russian Federation troops in Armenia

    The government has launched a new housing program for some immigrants

    In Germany Rose Rosiv on propaganda via the Internet

    Berlin discovered another Russian propaganda instrument. According to the German Foreign Ministry, Russia uses the Red Media to disinformation in Germany. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The...

    S1Mple revealed his intent about continuing his career

    Any compounder of the class is 5 of the same. Hryvnia – Schmigal

    The Cabinet of Ministers decided on the initiative of the president on the introduction of a new payment - “Student Package”. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Prime...

    Crack in Zaporozhye: increased number of victims

    Ukraine reserves began to grow again

    The Tax Code is indicated in the Winnite

    On July 7, on the page of the Winnitsia Criminal Code today, July 7, it appeared about its functioning at a different legal address “from a tense situation in the country”. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...
    Buna Time
    • DMCA
    • Privacy Policy
    • Terms of Use
    • Contact Us
    • Advertising and Outreach

    All Rights Reserved © 2023 - Buna Times