Ukrainian Parliament to nationalise over 900 Russian assets in Ukraine

Photo: GettyImages
Photo: GettyImages

IHOR PYLYPIV – SUNDAY, OCTOBER 2, 2022, 4:58 PM
At its next session, the Verkhovna Rada (Ukrainian Parliament) will consider the nationalization of Russian assets in Ukraine in a special procedure.
Source: Roksolana Pidlasa, Deputy Head of the Parliamentary Committee on Economic Development, quoted by the Verkhovna Rada on Telegram
The Cabinet of Ministers of Ukraine has drawn up a list of more than 900 entities directly belonging to Russia as a state.
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Pidlasa claims that such prestigious companies as Enerhomashspetsstal Machine Plant in Kramatorsk, 92% of which is owned by a Cypriot offshore company, are controlled by Rosatom [the Russian state-owned company that operates all nuclear power plants in that country]. In addition, 100 percent of the shares in the well-known chain of stores BROCARD belong to an offshore company, which in turn is controlled by the Russian Ministry of Industry.
The Ukrainian official added that the compulsory nationalization of these facilities will be carried out under a special procedure.
Background:
On September 30, Ukraine's National Security and Defense Council introduced a new package of sanctions against individuals and entities involved in a war of aggression against Ukraine and those supporting Putin's regime.
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The State Security and Defense Council of Ukraine has drawn up a list of prominent Russian individuals and legal entities subject to sanctions; there are "thousands of names and thousands of companies on it". Ekonomichna Pravda reports that Mykhailo Fridman, the co-owner of Alpha Group [Russian financial and investment consortium], is on the list.

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