Roshen’s Lipetsk confectionery factory, warehouse for finished products and LLC Roshen trading housing have completely shut down their operations in Russia, the Ukrainian confectionery company said on its website.
All production lines at the Lipetsk factory were mothballed in April, refrigeration and heating systems were mothballed in May, and treatment facilities, boilers and water intake systems were mothballed in June, the company said.
Russia’s Federal Tax Service has issued tax claims of 180 million rubles against the Lipetsk factory and 150 million rubles against LLC Roshen. The Basmanny District Court of Moscow has extended a freeze on the Lipetsk factory’s assets until Sept. 13.
Roshen Corporation includes confectionery factories in Kyiv, Kremenchuk and Vinnytsia, and the Vinnytsia Dairy Plant in Ukraine; as well as the Klaipeda Confectionery Factory in Lithuania and the BonbonettiChoco factory in Hungary. The Lipetsk factory in Russia stopped production on April 1.
Ukrainian President Petro Poroshenko signed a contract in January 2016 to put his 85 percent stake in Roshen in a blind trust managed by Rothschild Trust. The bank has a four-year power of attorney to negotiate the sale of assets. Roshen president Viacheslav Molskalevsky owns 13 percent of the company through investment fund Konditerinvest, and four senior executives own 0.5 percent each.
