KyivPost

Financial Times: Ukrainian court nationalizes Russian-owned smelter

Print version
May 19, 2011, 8:10 a.m. | Ukraine abroad — by Roman Olearchyk

Roman Olearchyk

Kyiv Post Staff Writer

Roman Olearchyk writes: A Ukrainian court has renationalized an aluminium smelter owned by Rusal, the world’s largest aluminium producer, for allegedly failing to meet investment undertakings. Rusal is owned and led by one of Russia’s most influential oligarchs, Oleg Deripaska. Analysts said the decision demonstrates that courts under President Viktor Yanukovych – who has improved relations with Russia since his election in 2010 – are not afraid to stand up to the most influential Russian business interests.
Announcement To Readers

Since 1995, the Kyiv Post has been the world's window on Ukraine. Please support the newspaper’s quality, independent journalism with a digital subscription. Subscribers receive unlimited access to all stories, archives and PDFs from the Kyiv Post's staff writers and news services.
More info.

12 months
1 month
$50.00Pay $20.00Pay
comments powered by Disqus

KyivPost

© 1995–2014 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the www.kyivpost.com material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at news@kyivpost.com
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.