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Thursday, April 30, 2015
Ukraine: Russia Seizes Leader’s Assets
Roshen,
the confectionary company owned by President Petro O. Poroshenko ofUkraine, says that assets of the company worth $39
million in Lipetsk,Russia, where it owns two candy factories, have been
seized this week by the Russian authorities, according to a statement by the
company.
The
company, which has its headquarters in Ukraine, has had legal trouble in Russia
since the upheaval last year that toppled President Viktor F. Yanukovych and
led to Mr. Poroshenko’s election. The company said Tuesday that the action by
the Russian authorities was illegal and that it would fight the seizure in
court. “Analyzing the events that are occurring around the Russian assets of
the corporation, it is safe to say that the Russian side is deliberately using
all possible methods to deny the company the opportunity to sell its assets in
the Russian Federation,” it said.
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