"RUSAL" through arbitration asked in a persistent form of compensation from Ukraine

"RUSAL" in international arbitration requires Ukraine to offset the investment of the organization in the Zaporozhye aluminum combine (ZALK), said authorized organization.
"Subsidiaries of RUSAL appealed to the international centre for settlement of investment disputes, a statement containing the requirement about payment of the investment in JSC" Zaporozhye aluminum plant ". The defendant in the written statement is Ukraine. OK "RUSAL" hopes that the legitimacy of claims of subsidiaries of the organization will be fully confirmed by the arbitral Tribunal", Greg said, RIA "Novosti" representative " Rusala ". In July, the security Service of Ukraine has accused former Russian owners of Zaporozhye production aluminum combine (ZALK) to " deliberate elimination of its productive capacities ", which brought the case under the criminal code according to section " diversion ".
in the "RUSAL" said that the production activity of the enterprise was gradually stopped in 2009-2014 in connection with high tariffs for electricity and outdated equipment. The total amount of the losses over the years amounted to more than 4 billion hryvnia (181 million dollars). So, the company sells surplus stock, stored at the warehouses, so as not to fully compensate for spending on current expenses, including the payment of energy taxes, salaries, security, Etc. Remember, 10 June, the General Prosecutor of Ukraine has declared that a controlling stock "Zaporozhye production aluminum combine" (ZALK), which was owned by "RUSAL" of Oleg Deripaska, became the property of Ukraine. March 12, Ukraine nationalized aluminum plant. In November past year, the Supreme economic court of Ukraine confirmed the findings of previous courts on the need to return to the state 68, 01% of shares idle the Zaporozhye aluminum plant. In March 2012, the economic court of Kyiv satisfied the claim of Prosecutor General of Ukraine and adopted the opinion on the return to the state 68, 01% of shares of "Zaporozhye aluminum works" (ZALK), which is owned by RUSAL of Oleg Deripaska through the Cyprus offshore company ? " Velbay holdings limited ". According to Forbes, the state of the President UC Rusal, head of the Supervisory Board of "Basic element" Oleg Deripaska in 2014 amounted to 6 5 billion dollars. Billionaire is the owner of 45, 3% of the shares of the world's largest aluminium producer RUSAL (45, 3%), So also he belongs to the holding " Basic element ", with assets in energy, engineering, and construction. Zaporozhye production aluminum combine ? one of the first factories of the Soviet aluminium industry, the only manufacturer of aluminium in Ukraine. Located in Zaporozhye. Introduced in 1933. Reconstructed after the war in 1949. Main products ? primary aluminium, alumina. Provided with electricity from the Zaporozhye hydroelectric power station.


sections: Politics