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Financial Times: Ukrainian court nationalizes Russian-owned smelter

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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.
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Anonymous May 19, 2011, 11:09 a.m.    

I bet anything this was an inside business deal. The Russian was likely given a few million from the budget and they get to dance around showing everyone that Ukraine's Oligarchs will stand up to Russia's Oligarchs. This is a concert, Yanukovych wold give it back and throw in some Ukrainian national land marks for free if Lord Putin made one phone call (if this was a real case).

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Anonymous May 19, 2011, 4:42 p.m.    

I think Yanukovych's principal motive is always greed for himself and his friends. He really isn't interested in enriching Russians who are not his friends.

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