Court of Ukraine refused to Firtash's companies the right to Volnogorsk MMC
The Supreme economic court of Ukraine denied Ukrainian Chemical Products (former CJSC "Crimea Titan" ) to extend the lease Volnogorsk state mining and metallurgical combine, informs on Tuesday a press-service of the Prosecutor General of Ukraine.

The Supreme economic court of Ukraine denied Ukrainian Chemical Products (former CJSC "Crimea Titan" ) to extend the lease Volnogorsk state mining and metallurgical combine, informs on Tuesday a press-service of the Prosecutor General of Ukraine.
"The prosecution authorities foiled an illegal transfer in the use of private JSC" Ukrainian chemical products ", which media associated with Firtash D. V.(Ukrainian oligarch Dmitry Firtash - ed.), the integrated property complex of Volnogorsk state mining and metallurgical plant price more than 430 million UAH (20, $ 3 million at current official rate - ed.)", - is informed in the report.
As commented by the General Prosecutor's office, in 2004 the state property Fund of Ukraine gave this company integral property complex in hiring. Field completion of the term of the lease agreement the Fund has notified the society of unwillingness to prolong its action in regard to the intentions of the country on their own to apply their own property.
However, Ukrainian Chemical Products in the courts tried to strive for a new lease, but was refused.
ultimately, the court of cassation on 28 may, agreeing with the arguments of the Prosecutor General's office of Ukraine, in the cassation appeal of the business entity was denied, and the decision of the court has left without change, thus protecting the legitimate property of the desires of the country.
Volnogorsk MMC (Dnipropetrovsk region) is one of the largest suppliers of raw materials for Russian VSMPO-AVISMA Corporation, a leading global manufacturer of titanium.